• Fri
  • Sep 19, 2014
  • Updated: 1:18am

Australian Dollar

More bad news for expats: the Aussie dollar will stay strong

"What's going on with the Australian dollar? Why is it so strong?" asks a colleague who wants to transfer money down under. "Surely it should be much weaker than this?"

Wednesday, 29 August, 2012, 9:25am

Toy firms fear crisis will cut into sales

Tensions between buyers and exhibitors flared yesterday at the Hong Kong Toys and Games Fair as manufacturers raised factory-gate prices by about 10 per cent to offset swelling costs amid fears that sales could fall.

10 Jan 2012 - 12:00am

Investors flee further from Asian currencies

Asian currencies, including Hong Kong's growing pool of yuan, fell further yesterday as investors sought the safety of the US dollar amid fears a global economic slump is imminent.

24 Sep 2011 - 12:00am

Australia lives with rising aussie

Australians thinking of visiting Hong Kong - or any other destination with a currency tied to the US dollar - are contemplating their trips with the happy thought that their spending money will buy 10 per cent more today than it would a month ago.

26 Nov 2004 - 12:00am

Economy remains resilient while global growth drags

The Australian economy has weathered external pressures and is still faring relatively well compared with many other leading economies. Commonwealth Bank chief economist Michael Blythe points out that global growth remains mediocre, and an early return by the United States to the stellar growth rates of the late 1990s is unlikely.

24 Jan 2003 - 12:00am

Kiwi and aussie regain investor favour

Take a look at a graph of the New Zealand dollar against the United States dollar and you might think you were staring at an Internet stock storming the heights in the new-economy mania days of early 2000.

10 Jan 2003 - 12:00am

Wall St fall sets pace

Hong Kong investors set their phasers on 'sell' yesterday after another volatile session on Wall Street upset hopes for a Tracker Fund-induced rally.

The Hang Seng Index fell 127.09 points or 1.21 per cent to 10,325.46 on a thin turnover of HK$5.22 billion.

20 Jul 2002 - 12:00am

Olympic city favoured target for local gold

SYDNEY IS A city renowned for its spectacular views, clean air and expensive property. Prices for residential premises have consistently rated among the world's 10 highest. However, two factors have combined to create what many believe to be perfect conditions for Hong Kongers to buy Sydney property.

10 Dec 2000 - 12:00am

Ngai Lik profit surges

Consumer audio product manufacturer Ngai Lik Industrial Holdings posted a 37.8 per cent rise in attributable profit to $66.5 million for the six months to September 30, compared with $48.24 million in the same period last year. An interim dividend of one cent per share, down from 1.5 cents, was declared. Turnover rose to $1.24 billion from $965.24 million.

15 Dec 1998 - 12:00am

Biting recession a dentist's crowning glory

Where there is economic turmoil, there will be weeping and gnashing of teeth. Unfortunately, teeth-gnashing is an expensive affair.

The waiting rooms of local dentists are fast becoming cluttered with brokers, bankers and businessmen, suffering from self-inflicted injuries.

Some have jaw pain, some have broken teeth.

16 Sep 1998 - 12:00am