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  1. MIDDLE EAST

    Arafat’s remains said to be exhumed on Tuesday

    Posted Nov 24th 2012, 08:39pm by Associated Press in Ramallah, West Bank

    ... Associated Press in Ramallah, West Bank The remains of former Palestinian leader Yasser Arafat will be exhumed on Tuesday as part of a renewed investigation into his death, a Palestinian ... tomb in Arafat’s former government headquarters in the West Bank city of Ramallah. The Palestinian Authority, the self-rule government in the West Bank, had hesitated before agreeing to exhume ...

    http://www.scmp.com/article/1090044/arafats-remains-said-be-exhumed-tuesday
  2. Business - Banking & Finance - EARNINGS

    Huishang Bank net profit up 15.78pc

    Posted Aug 22nd 2014, 10:17am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com In its first interim report since its listing in November, Huishang Bank reported that first-half net profit rose 15.78 per cent year on year to 2.84 billion ... at the end of last year and 0.64 per cent at the end of June last year. During the first half of 2014, the bank reasonably adjusted its total loan amount Huishang Bank “During the first half ...

    http://www.scmp.com/business/banking-finance/article/1579003/huishang-bank-net-profit-1578pc
  3. News - World - BANKING

    Bank of America to pay US$16 billion over flawed security mortgages

    Posted Aug 22nd 2014, 01:26am by GDN

    ... The Guardian in New York Bank of America to pay a record fine of US$17b Bank of America has agreed to pay a record US$16.65 billion to settle charges it sold flawed mortgage securities ... powerful to escape appropriate enforcement action by the Justice Department. At nearly US$17 billion, this resolution with Bank of America is the largest the department has ever reached ...

    http://www.scmp.com/news/world/article/1578802/bank-america-pay-us16-billion-over-flawed-security-mortgages
  4. Business - Banking & Finance - POLICY

    Bank of England governor loses rate consensus as members seek increase

    Posted Aug 21st 2014, 01:28am by BLOOM

    ... Bloomberg in London Two monetary policymakers break ranks and vote to lift borrowing costs from record low Carney loses rate accord as BOE splits on increase Bank of England governor Mark ... In their analysis, Weale and McCafferty said economic circumstances "were sufficient to justify an immediate rise in bank rate" and the committee needed to move in advance of potential labour ...

    http://www.scmp.com/business/banking-finance/article/1578044/bank-england-governor-loses-rate-consensus-members-seek
  5. Business - Banking & Finance - EARNINGS

    Newly listed banks see profits soar

    Posted Aug 20th 2014, 09:44am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Two of the newest mainland banks to enter the Hong Kong market posted high profit growth, as well as high impairment charges, for the first half of the year. Bank of Chongqing, which listed in October, said in a filing to the Hong Kong stock exchange late on Tuesday that net profit in the first six months of the year hit 1.66 billion yuan ...

    http://www.scmp.com/business/banking-finance/article/1577513/newly-listed-banks-see-profits-soar
  6. Business - Banking & Finance - EARNINGS

    Bank of China beats expectations with 11pc boost in first-half profit

    Posted Aug 20th 2014, 01:34am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com State-owned bank's 11pc gain in first-half net earnings beats estimates, but jump in non-performing loans reinforces concerns for the sector Debt risk dampens BOC profit rise Bank of China posted first-half profits above expectations for the sector yesterday but faced rapidly increasing bad debt, a trend analysts say will be reflected ...

    http://www.scmp.com/business/banking-finance/article/1577255/bank-china-beats-expectations-11pc-boost-first-half-profit
  7. Business - Commodities - METALS

    Three more banks gain approval to import gold into China

    Posted Aug 20th 2014, 01:34am by Reuters

    ... Reuters in Singapore and Shanghai StanChart, Shanghai Pudong and China Merchants join list, sources say Gold imports nod for 3 more banks on mainland The mainland has allowed three more banks, including a foreign lender, to import gold, sources with direct knowledge of the matter said, as the world's top gold buyer gears up for its strongest effort yet to gain pricing power ...

    http://www.scmp.com/business/commodities/article/1577237/three-more-banks-gain-approval-import-gold-china
  8. Business - Economy - ECONOMY

    Australian growth outlook uncertain, says central bank

    Posted Aug 20th 2014, 01:18am by BLOOM

    ... Bloomberg in Sydney Australian outlook uncertain, says central bank Australia's central bank said the nation's economic outlook remains uncertain because of the conflicting ... the risks to the forecast as well as the central projection," the Reserve Bank of Australia said in minutes released yesterday of its August 5 meeting, where it kept the cash rate unchanged ...

    http://www.scmp.com/business/article/1577240/australian-growth-outlook-uncertain-says-central-bank
  9. Business - Companies

    China Minsheng Bank chairman quits

    Posted Aug 19th 2014, 09:26am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com China Minsheng Bank chairman of the board Dong Wenbiao resigned “due to other business arrangement[s]”, the bank said in a regulatory filing with the Hong Kong stock exchange late on Monday. The filing did not expand on the factors surrounding the resignation of Dong, who had been with the bank since 1996. However, Chinese media reported ...

    http://www.scmp.com/business/companies/article/1576614/china-minsheng-bank-chairman-quits
  10. Business - Money - EARNINGS

    Jump in bad loans sparks sell-off in Chongqing Rural Commercial Bank shares

    Posted Aug 19th 2014, 01:27am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Chongqing Rural Commercial Bank shares fall 6pc on 16.6pc increase in non-performing loans Jump in bad loans sparks sell-off in mainland bank Chongqing Rural Commercial Bank shares fell yesterday after the mainland bank reported a substantial jump in non-performing loans. The stock dropped 6 per cent to close at HK$3.76 on news ...

    http://www.scmp.com/business/money/markets-investing/article/1576298/jump-bad-loans-sparks-sell-chongqing-rural

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