CHINA Eastern Airlines Corp, the nation's third-largest carrier, said it lost around 6.2 billion yuan (US$906 million) on fuel hedging contracts and warned it will post a "significant" loss in earnings. Fair-value hedging losses totaled US$14.2 ...
Hong Kong: The cost of protecting investors in Asia-Pacific bonds from default declined as US President-elect Barack Obama pledged the biggest public works programme in half a century. The Markit iTraxx Japan index fell 3 basis points to 370 at 9.46am ...
HONG Kong's Independent Commission Against Corruption said it arrested 29 people in a bribery probe related to fraudulent derivative-warrant trading that may have generated more than HK$100 million (US$13 million) in profits. Those arrested were ...
FINANCIAL market "turbulence" will continue, said Hong Kong Monetary Authority Chief Executive Joseph Yam, who advised investors to be "cautious." "Caution is particularly justified this time," Yam said yesterday in a statement on the HKMA's Website. ...
HONG Kong hopes to start a program for Chinese mainland investors to buy shares directly on the city's stock market soon, Hong Kong Monetary Authority Chief Executive Joseph Yam said yesterday. "It's an important project and we hope to start it soon, ...
CHINA'S yuan rose to the highest since its peg to the United States dollar was ended in 2005 on speculation the central bank will allow faster gains to cool the economy. The yuan is the best performing currency in the past month of the 10 most ...
MALAYSIA'S ringgit has risen to the strongest in more than a decade on speculation a cut in United States interest rates will increase demand for Asian assets. The ringgit posted a second week of gains on signs the Federal Reserve will lower ...
THE Hong Kong Monetary Authority sold HK$7.828 billion (US$1 billion) yesterday to defend its currency's 24-year-old fixed exchange rate, as overseas investors bet the city's assets will benefit from growth in China's economy. Yesterday's sales were ...
THE Hong Kong Monetary Authority may widen the local currency's trading band with the US dollar to limit the need for intervention in the foreign exchange market, ING Groep NV said. The central bank sold HK$1.55 billion (US$200 million) to defend a 2 ...
CHINA'S foreign ministry said it is willing to discuss the yuan with European Union officials. EU leaders have complained that the currency is too weak, Bloomberg News reported. "We are willing to hold dialogue with the EU on this topic," Liu ...
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