• Sun
  • Sep 21, 2014
  • Updated: 7:08am

Pound Sterling

Why London became a centre of finance, but Shanghai won't

When the British want to explain why the City of London is the world's leading international financial centre, they usually attribute its position to a couple of key elements.

Wednesday, 31 October, 2012, 3:13am 1 comment

Talking points

Our editors will be looking ahead today to these developing stories ...

Zoo holds briefing on baby orang-utans

9 Feb 2012 - 12:00am

Prebble weight issue a challenge for stipes

Brett Prebble's replacement at Happy Valley last Wednesday on Victory Mascot brought some sharp criticism in the Chinese media but it was really, by and large, a fortunate escape.

Stewards had no policy in place for the situation that occurred and which might, on another day, have ended up being crucial to Jockey Challenge bets.

30 Sep 2009 - 12:00am

Rewarding Star's time has come to deliver the goods

John Moore's decision to call on in-form apprentice Marco Chui Kwan-lai should reap rewards when the pair team up with Rewarding Star in the opening leg of tomorrow night's Triple Trio at Happy Valley.

15 Jan 2008 - 12:00am

Yen rises against pound and Australian dollar on short covering

The yen rallied against key currencies yesterday as investors started to unwind positions that had been built on the Japanese unit's low-yielding status.

Other Asian currencies rose, lifted by a rebound in the yen and a rally in regional equity markets.

25 Jan 2007 - 12:00am

50 Years Ago

LONDON (March 11): THE cash safes of the banks are filled with silver coin, writes a special correspondent to The Times. It is estimated that their silver holdings are now approaching GBP30m., easily the highest figure ever recorded.

7 Mar 1999 - 12:00am

Welcome at counter

I WAS saddened to hear of your reader's plight ('Raw deal for Scottish notes', South China Morning Post, February 26), in that when recently converting Scottish banknotes here in Hong Kong he was offered a poorer exchange rate than he would have got for English banknotes.

2 Mar 1996 - 12:00am

Rate rise fears take toll

SHARES on the London Stock Exchange closed lower as investor concerns grew about the prospects of an interest rate increase next month.

The blue-chip Financial Times Stock Exchange 100-share index closed at 3,300.8, down 9.9 points from the previous close.

17 May 1995 - 12:00am

Takeover bid boosts Northern Electric

SHARES in Northern Electric, one of the 12 British privatised electricity companies, yesterday rocketed 135 pence to 1,045 pence on news that property, engineering and construction group Trafalgar House, which is 25.3 per cent owned by Hongkong Land Holdings, is considering making an offer.

15 Dec 1994 - 12:00am

Worth his weight in gold

APPRENTICE-FIND Francis K. S. Lam, who is worth his weight in gold, can notch the fourth winner of his career on Excel Treasure in the sixth event on National Panasonic day at Sha Tin this afternoon.

So meteoric has been Lam's rise to prominence since he burst on to the scene over the last month or so that his services are now eagerly sought.

13 Nov 1993 - 12:00am