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  • November 29, 2014
  • Last updated: 5:23pm
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Results 1 - 3 of 3 for bank of england

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  1. Business - Banking & Finance

    Hong Kong seen as key link for funds fleeing London

    Posted Nov 17th 2014, 05:08am by Toh Han Shih

    ... and lawyers. Britain's tightening of money-laundering regulations had resulted in an increasing number of private banks telling customers that their accounts would be closed, said Ambrose Carey, ... organisations, which previously saw London as a haven for their funds, felt the need to get their money out of the British capital, said Robert Smith, a deputy high court judge in England. "Hong ...

  2. Business - China Business - CURRENCIES

    Rewards and risks in U.K. yuan push

    Posted Dec 06th 2013, 01:32pm by Toh Han Shih

    ... of China's huge savings would probably go into the housing market. "The UK housing market could bubble up with the inflow of Chinese money, without improvement in the UK economy. Then the Bank of England will have a difficult time managing monetary policy, as it will have to raise interest rates," she warned. Cameron should prepare policies to deal with the pressures that the property ...

  3. Lai See

    Posted Sep 22nd 2009, 12:00am by Toh Han Shih

    ... cent plan to spend less, and 53 per cent are confident of job stability. In contrast, the Bank of England, in its latest quarterly bulletin, warned that any attempt by British households to reduce consumption was likely to decrease output and hence household incomes. Gloomily, the bank said that even if British households saved as much as 10 per cent of their income, it would take ...



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