Damned if they do, damned if they don't
Article Abstract:
Stock prices in Hong Kong have fallen and this has triggered falls elsewhere. Some analysts argue that Hong Kong stock prices have become cheap, though this is not certain. The Hong Kong dollar is likely to be supported because currency stability is a key element in the stability of Hong Kong financial markets. Interest rates may have to be kept high which means that asset price booms are less likely, and corporate earnings could be affected. Eastern Asian stock prices could perform well in 1998 provided that Hong Kong can deal with high interest rates and that the Chinese economy does not encounter severe problems.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Companies told to come clean on millennium bug
Article Abstract:
United Kingdom listed companies have been asked by the Stock Exchange to disclose problems that could arise from the year 2000 computer transition problem, due to the impact on their stock prices. The Accounting Standards Board has also circulated a document relating to how this problem should be dealt with in accounts. Some companies have already released data, but the Accounting Standards Board is concerned that companies could be seriously affected by the problem, which could even be a threat to their survival.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Empty bowl today, duck soup tomorrow. Companies adapt to tax on holes. Mirror, mirror, on the wall: the latest crisis at The Independent calls into question the futureof Mirror Group Newspapers, one of its parents
- Abstracts: Beware the urge to bond with your Pep. Coming to a point. Steering clear of CGT
- Abstracts: Go-it-alone bosses win fans in the City. Political donations: companies with noble motives. Hot rocks
- Abstracts: Pick your Pep with care, but don't miss the deadline. No easy answer in cheap Peps
- Abstracts: The new economics: currencies and inflation. The parallel universe. Cooking up a storm at Donatantonio