Exchange Rate

Why plunging yen is bad news for Japan Inc's health

17 May 2013

The smile on Kazuo Hirai's face shows why the yen's drop below 100 to the US dollar is as much a curse for Japan as a blessing. Sony's 43 billion yen (HK$3.26 billion) profit for the fiscal year...

4:06AM

Big rally in Asian currencies signals 'sell'

9 May 2013

The biggest rally in Asian currencies since September is a sell signal to two of the world's largest foreign-exchange trading firms, as the region's economic growth increasingly falls short of...

4:39AM

Widening the yuan's trading band won't solve anything

3 May 2013

The latest in a series of recent highs, yesterday's gain prompted fresh market speculation that the authorities in Beijing are preparing to widen the yuan's permitted trading band, a move widely...

4:22AM

'Made in America' means added pain for Hong Kong

2 May 2013

For the past 10 years, Hong Kong's economy has been boosted by twin external superchargers. Now, both are in danger of breaking down.

3:47AM

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Scottish independence gets boost from Hong Kong's money markets

28 Apr 2013

In a week that has seen Britain discuss the very future of the pound sterling and the possible break-up of the United Kingdom, Hong Kong's money changers have provided an unwitting boost to the...

5:50AM

Yuan's rise traps authorities between rock and hard place

26 Apr 2013

The yuan climbed to a record post-revaluation high against the US dollar yesterday. After its recent gains, the Chinese currency has now appreciated by 1 per cent against the US dollar so far this...

4:13AM

Opinion

Jake Van Der Kamp

EU fails to adapt to borderless world

4:35AM

Howard Winn

Ferry companies shouldn't be subsidised while they burn dirty fuel

2:53AM

London home prices rise as weak pound fuels foreign buying interest

London home sellers raised asking prices this month as the weakness of the pound fuelled interest from overseas buyers during the spring selling season, according to Rightmove, a property-website...

5:22AM

Danger signs for the global economy

While people fret about a potential shooting war between three of the world's largest economies in the East China Sea, the real danger may be a currency war in which all three countries will be...

2:52AM

China's yuan outs yen as Asia's currency of choice

Asian central banks are tolerating gains in their currencies against the yen as China's economic recovery diminishes concern that stronger exchange rates may dampen their export advantages.

4:58AM

CURRENCIES

China plans greater yuan flexibility

China will increase the movement of the yuan's exchange rate "appropriately" to handle the latest rounds of quantitative easing by the world's central banks, Xinhua said in an editorial.

2:36AM

Vying for a spot in the new monetary order

The international monetary system needs some serious rethinking. On paper, it has to guarantee the orderly functioning of exchange-rate regimes and transnational financial flows.

3:18AM

FINANCE

More convertible yuan next goal, China's central bank chief says

The People's Bank of China's next step in the overhaul of the exchange-rate system would focus on convertibility, governor Zhou Xiaochuan said yesterday, as his omission from a top Communist Party...

4:44AM