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Hong Kong Sees Salvation From Asset Bubbles in Currency Weakness When the currency reaches the weak end of its band against the greenback, the Hong Kong Monetary Authority will be compelled to buy Hong Kong dollars, thereby sucking up liquidity -- and finally lifting interbank rates that are lagging behind their U.S. equivalents. The widening rate discount is why the ...
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Gold, foreign currency seized in airport The Air Intelligence unit of Customs along with revenue officials seized foreign currency and gold ornaments worth Rs 22 lakh at the Biju Patnaik International Airport here on Sunday. Reports said that four passengers hailing from Delhi, Kolkata and Cuttack arrived from Bangkok by an Air India flight ...
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Hong Kong is about to trigger a global financial crisis ... Really? Meanwhile, London's Daily Telegraph warned "Hong Kong's currency regime is coming under mounting strain … threatening to set off an unpredictable chain of events in the world's most overstretched financial system." The city, the newspaper warned breathlessly, was in danger of becoming "the ...
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Asian stocks rise after US markets cheer jobs data In currencies, the dollar index, which tracks the U.S. currency against a basket of rivals, traded at 90.130 at 8:51 a.m. HK/SIN. Against the safe-haven yen, the dollar firmed to trade at 106.90, extending gains seen last week on the geopolitical developments concerning U.S.-North Korea ties.
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Local Companies Turning to Overseas ICOs to Raise Funds The overseas ICO market shows the development of new virtual currencies and related projects and raise funds on line. Concern is growing that the IPO market, a major financing channel for corporations, is likely to shrink due to the expansion of overseas ICOs especially by major Korean IT companies.
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The Pound-to-US Dollar Rate's Forecast For The Week Ahead A more inflationary result would indicate that the Federal Reserve (Fed) might need to increase interest rates more aggresively than previously expected, and higher interest rates tend to lead to a stronger currency because they attract more foreign capital inflows. Retail Sales is the other big release in ...
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