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  • July 25, 2014
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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. News - China - BRICS

    BRICS group of nations sets up development bank to rival IMF, World Bank

    Posted Jul 16th 2014, 09:36am by AFP

    ... the BRICS bank could prompt the World Bank and the International Monetary Fund (IMF) to carry out much-needed internal reforms. "BRICS countries have to blaze a new trail to reduce losses ... billion development bank by granting China its headquarters and India its first rotating presidency. Brazil, Russia and South Africa were also granted posts or units in the new bank. The leaders ...

    http://www.scmp.com/news/china/article/1555232/brics-development-bank-be-headquartered-shanghai-first-president-indian
  3. Business - Economy - ECONOMY

    World Bank chief backs launch of BRICS bank

    Posted Jul 09th 2014, 05:20am by Victoria Ruan

    ... lenders. Kim said the World Bank agreed to launch a study in collaboration with Beijing on reforms for China's health sector in a bid to help the country accelerate its efforts to provide ... Victoria Ruan in Beijing victoria.ruan@scmp.com World Bank chief says new entrants will help the multilateral lender battle poverty and spur growth rather than threaten its position Kim ...

    http://www.scmp.com/business/economy/article/1549975/world-bank-chief-backs-launch-brics-bank
  4. Business - Banking & Finance - FREE-TRADE ZONE

    Interest rate reform rolled out to all of Shanghai

    Posted Jun 27th 2014, 01:04am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Banks outside city's free-trade zone to decide foreign exchange deposit rates from today Interest rate reform rolled out to all of Shanghai ... highlighting its determination to expand and put in place drastic financial liberalisation reforms. The People's Bank of China allowed Shanghai banks to set the rates just four months after ...

    http://www.scmp.com/business/banking-finance/article/1541283/interest-rate-reform-rolled-out-all-shanghai
  5. News - World - VATICAN CITY

    Former Hong Kong governor Chris Patten to lead Vatican media reform

    Posted Jul 09th 2014, 09:51pm by AFP

    ... is to head up its scandal-plagued bank as part of an overhaul ordered by Pope Francis after a year-long inquiry. Patten, 70, the chancellor of Oxford University, will lead an 11-member committee ... messages reach more of the faithful around the world, especially young people." Franssu will lead a newly streamlined bank following internal investigations into thousands of suspicious, ...

    http://www.scmp.com/news/world/article/1550576/former-hong-kong-governor-chris-patten-lead-vatican-media-reform
  6. Business - Economy - LOGISTICS

    Logistics, crucial to commerce, are ripe for reform

    Posted Jul 23rd 2014, 10:45am by PATRICK LOW

    ... is a sector ripe for reform Logistics is a fertile field for reform that would benefit the trading economies in Asia-Pacific. Without it, there is no commerce, national or international. Logistics ... documentary and data entry requirements. The World Bank has constructed a Logistics Performance Index that ranks economies on the basis of performance in relation to six benchmarks. These are customs, ...

    http://www.scmp.com/business/economy/article/1557429/logistics-crucial-commerce-are-ripe-reform
  7. Business - Banking & Finance - MR. SHANGKONG

    Bank of China-CCTV drama may reveal power struggle in Beijing

    Posted Jul 14th 2014, 03:09am by George Chen

    ... on the road to reform, some may trip up on the wrong stones and have to take the blame. Last week the Bank of China, one of the Big Four state-owned banks, was accused by state broadcaster China ... tight, is legal and has approval from the central bank. On the road to reform, some may trip up on the wrong stones and have to take the blame "If there is any problem, it should ...

    http://www.scmp.com/business/banking-finance/article/1553552/bank-china-cctv-drama-may-reveal-power-struggle-beijing
  8. Business - Economy - ANALYSIS

    Speedy reforms key for China's economy

    Posted Jul 17th 2014, 01:22am by Victoria Ruan

    ... reforms key for mainland Beijing's mini-stimulus policy has revived the mainland economy, but observers say it may only cure the near-term pains. The central government needs to stay wary of risks the economy may slip into a faster deceleration cycle on cooling housing starts or shrinking export demand, they say, adding that the only long-term solution is to speed up reform ...

    http://www.scmp.com/business/economy/article/1555498/speedy-reforms-key-chinas-economy
  9. Comment - Insight & Opinion

    China must come clean on capital transfers abroad

    Posted Jul 15th 2014, 05:09am by SCMP Editorial

    ... sectors. But it may reflect serious division between conservative and progressive circles within the banking sector about how far banking reform should go. Even though the capital transfer service ... markets, especially for property, which suggests investors must be circumventing the regulations. Indeed a recent report by state broadcaster CCTV accused the Bank of China, one ...

    http://www.scmp.com/comment/insight-opinion/article/1554295/china-must-come-clean-capital-transfers-abroad
  10. Business - Banking & Finance - BANKING

    Fears of tough action by Beijing following allegation BOC launders money

    Posted Jul 11th 2014, 11:34pm by Daniel Ren

    ... round of regulatory tightening in the banking system. Analysts said the BOC incident raised the prospect of a fissure in Beijing's efforts to reform the sector. It could trigger a new round ... The Bank of China cash-transfer service at the centre of money laundering allegations could escalate the sabre-rattling between the mainland's liberal-minded bankers and conservative ...

    http://www.scmp.com/business/banking-finance/article/1552389/fears-tough-action-beijing-following-allegation-boc

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