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  • November 1, 2014
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  1. Business - Banking & Finance - CURRENCIES

    Sydney expected to get yuan clearing bank soon

    Posted Oct 25th 2014, 03:41am by Jeanny Yu

    ... trading partners Australia and Singapore. Sydney was on track to become the next offshore city to obtain a yuan clearing bank- as early as December- Elmer Funke Kupper, the chief executive of Australian's securities exchange, told the South China Morning Post. The central banks of the two countries were engaged in talks on ways to boost yuan liquidity in Australia, Funke Kupper said, adding ...

  2. News - World - ESPIONAGE

    British war hero ‘Jack King’ revealed as bank clerk Eric Arthur Roberts

    Posted Oct 24th 2014, 10:13pm by AP

    ... Associated Press in London Bank clerk who fooled wartime traitors Hans Kohout had a plan, according to secret documents released yesterday. At the height of the second world war, ... with the National Archives, whose documents revealed that King was actually Eric Arthur Roberts, a bank clerk without special training. Twigge said King's work helped to defuse a potential "fifth ...

  3. News - Hong Kong - PROFILE

    Silk puts facts on the shelf in his latest case

    Posted Oct 20th 2014, 06:37am by CANNIX YAU

    ... friend invited Sarony to join him in Hong Kong. Fed up with the politics in England and betrayals by those who worked closely with him, Sarony decided to take the plunge and embark on the adventure. His experience here has proven fulfilling, he says. He has handled cases at every level from the Magistrates' Court to the Privy Council of England. Among them was the infamous Shek ...

  4. Business - Economy - UK ECONOMY

    Bank of England likely to hold its fire on Thursday: economists

    Posted Sep 05th 2012, 02:42pm by Agence France-Presse in London

    ... Roland Jackson The Bank of England is expected on Thursday to refrain from pumping more cash into the British economy, despite news that it remained stuck in recession during the second quarter, economists said. The central bank’s Monetary Policy Committee (MPC), which begins a two-day meeting on Wednesday, is also forecast to maintain its key lending rate at a record low 0.50 per ...

  5. Business - Economy - ECONOMY

    South Africa enlists Bank of China to help pull in Chinese investment

    Posted Oct 21st 2014, 05:08am by Toh Han Shih

    ... enlists BOC to help draw investment South Africa's Department of Trade and Industry will sign a memorandum of understanding with the Bank of China during the state visit of South African President Jacob Zuma to Beijing next month in a bid to attract more Chinese investments into South Africa's troubled economy. Under the memorandum, the Chinese state-owned bank will recruit ...

  6. Property - International - NORWAY

    Norway's sovereign wealth fund eyes property in global cities

    Posted Oct 08th 2014, 07:16am by Reuters

    ... "When we invest in England, we will not invest in Liverpool and Manchester. We will stick to London. "Regent Street will be Regent Street, also in 50 years' time. The same applies to Manhattan." While surging London house prices have been a worry for policymakers, there are signs that market is starting to cool. The Bank of England said last Thursday: "UK commercial property ...

  7. Business - Money - MARKETS

    Volatility crimps banks’ risk-taking, spikes expose cracks in markets

    Posted Oct 23rd 2014, 12:01pm by Reuters

    ... in the system A dramatic upswing in volatility is putting post-crisis financial markets to the test, as curbs on banks' ability to take risks and an increase in technology-driven trading expose potential new cracks in the system. While investors and traders say markets have become safer since the 2008 financial crisis- there is less leverage in the system and banks are better able ...

  8. Business - Economy - BANKING

    HSBC in Nathan Road now the only bank branch closed in Mong Kok

    Posted Oct 22nd 2014, 11:47am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com All but one of the bank branches that were affected by the pro-democracy protests in Mong Kok have resumed operation, the Hong Kong Monetary Authority said ... totalled 36 branches, offices or ATMs of 20 banks. ...

  9. Business - Economy

    World Bank says China needs to speed up reforms

    Posted Oct 22nd 2014, 05:28am by Reuters

    ... Reuters in Beijing Official says the country cannot rely just on monetary and fiscal policy for growth Speed up reforms,World Bank tells Beijing China needs to accelerate reforms and not rely solely on monetary and fiscal policy to drive growth, a top World Bank official said yesterday. "I would recommend not really relying more on their macro policy, specifically ...

  10. Comment - Insight & Opinion

    Austria banks on spirit of innovation to forge deeper ties with Hong Kong

    Posted Oct 22nd 2014, 05:29am by CLAUDIA REINPRECHT

    ... Claudia Reinprecht Claudia Reinprecht notes opportunities for collaboration from business to cultural development Austria banks on spirit of innovation to forge deeper ties with Hong Kong ... of Austrian influence in Hong Kong. Yet, Austrian footprints in the city are remarkable: Henry Steiner, for instance, designed the Standard Chartered bank notes. And only an Austrian company, Waagner ...




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