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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 - World - VENEZUELA

    Venezuela introduces ID system for food buying amid scarcity, hoarding

    Posted Apr 02nd 2014, 08:35pm by MCT

    ... a new electronic identification system for shoppers that critics say is a modern version of a ration card. President Nicolas Maduro described it on Tuesday as a means of "safeguarding food sovereignty". The system will employ electronic fingerprint IDs similar to those used to identify Venezuelan voters to register shoppers who purchase goods at the state-run grocery chains Mercal, ...

    http://www.scmp.com/news/world/article/1463241/venezuela-introduces-id-system-food-buying-amid-scarcity-hoarding
  3. Business - Banking & Finance

    Asia’s financial system will be bigger than US and Europe combined by 2030, says ANZ chief

    Posted Mar 24th 2014, 06:04pm by KANIS LI

    ... help the Asian financial system to grow significantly, the Australian bank said. The ANZ bank chief said that Asian bond markets (excluding Japan) are expected to grow by six times ... Kanis Li kanis.li@scmp.com Asia’s financial system will be bigger than the United States and Europe combined by 2030 amid continuing economic reform and deregulation, in which China ...

    http://www.scmp.com/business/banking-finance/article/1456268/asias-financial-system-will-be-bigger-us-and-europe
  4. News - China Insider - ECONOMIC DEVELOPMENT

    A dog could run China’s banking system, says former statistics bureau spokesman

    Posted Dec 24th 2013, 07:10pm by Jeremy Blum

    ... Bureau of Statistics estimated that the mainland’s economy grew 7.7 per cent in 2013, while also making a scathing criticism of China’s banking industry, likening it to an automated system that even a dog could successfully run. “Banking in China has become like a highway toll system,” Yao Jingyuan said at a Saturday summit on China’s economy held at Nanjing University. “Banks charge ...

    http://www.scmp.com/news/china-insider/article/1389717/dog-could-run-chinas-banking-system-says-former-state-council
  5. Business - Banking & Finance - BANKING

    HKMA sees little risk in bank loans to China

    Posted Apr 16th 2014, 01:21am by Jasper Moiseiwitsch

    ... that liquidity risk, in particular US dollar liquidity, was a top concern for the banking system in the city. After seeing loan growth hit an annualised 44.5 per cent in January, the authority pushed ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Most of the HK$2.6tr in lending goes to big state and global firms and the HKMA has taken steps to ensure liquidity in the system Little ...

    http://www.scmp.com/business/banking-finance/article/1483278/hkma-sees-little-risk-bank-loans-china
  6. Business - Banking & Finance

    Bitcoin exchange skirts ban by banks

    Posted Apr 17th 2014, 01:09am by Reuters

    ... do not involve the banking system at all. The ATM, in a cafe at a mall in Shanghai's Zhangjiang technology park area, allows people to buy bitcoins directly from the exchange for yuan ... Reuters in Shanghai Currency exchange installs physical bitcoin ATM in Shanghai tech park Bitcoin machineskirts ban by banks BTC China, one of the country's leading digital currency ...

    http://www.scmp.com/business/banking-finance/article/1484958/bitcoin-exchange-skirts-ban-banks
  7. RHB Banking Group banks on Asean business to boost overseas earnings

    Posted Mar 24th 2014, 12:45pm by Reports by Elaine Deng, Krystin Chu, Stacey Johnson, Khay Inn Poh and Jessica Ryan

    ... that will integrate systems, products and capabilities across the regions. Besides growing its regional business, the group has put in place initiatives to increase the cross selling ratio of its banking ... Reports by Elaine Deng, Krystin Chu, Stacey Johnson, Khay Inn Poh and Jessica Ryan Malaysia's fourth-largest financial services group, the RHB Banking Group (RHB), is set to become ...

    http://www.scmp.com/article/1456088/rhb-banking-group-banks-asean-business-boost-overseas-earnings
  8. Business - Banking & Finance - BANKING

    IMF latest to warn of Hong Kong banks' growing mainland exposure

    Posted Apr 09th 2014, 01:18pm by Jasper Moiseiwitsch

    ... down, so [the HKMA] doesn't want bad borrowers from China coming to Hong Kong and flooding the system," said a head of Asia-Pacific loans syndication at a European bank. A Standard ... of a hard downturn in China [with GDP growth below 5 per cent], Hong Kong's economy and its banking sector will suffer severely because of the close ties between the two systems ...

    http://www.scmp.com/business/banking-finance/article/1471206/imf-latest-warn-hong-kong-banks-growing-mainland-exposure
  9. Business - Banking & Finance - BANKING

    Time for PBOC to switch to policy rate system, Yam says

    Posted Feb 17th 2014, 05:38pm by KANIS LI

    ... a Western-style interest rate policy mechanism to make capital allocation in the banking system more efficient, said Joseph Yam Chi-kwong, the former chief of the Hong Kong Monetary Authority. Yam, who headed the city's de facto central bank from 1993 to 2011, wrote in a new research paper that making the change could help Beijing better manage liquidity in the financial system. "It ...

    http://www.scmp.com/business/banking-finance/article/1429652/former-hkma-chief-urges-beijing-adopt-us-style-policy-rate
  10. Business - Banking & Finance - BANKING

    Concerns over a collapse in China’s underground banking sector resurface

    Posted Apr 09th 2014, 10:07am by DANIEL REN IN SHANGHAI

    ... ailing underground banking system resurfaced, leaving banking regulators red-faced. The crisis increased the pressure on mainland officials, many of whom are obsessed with maintaining social ... with Jiangsu Sheyang Rural Commercial Bank admitted that the mainland's underground banking system was the cause of the chaos. "The thing is why so many people would buy the rumour," ...

    http://www.scmp.com/business/banking-finance/article/1470868/concerns-over-possibility-collapse-chinas-underground

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