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  • October 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. 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 ...

    http://www.scmp.com/business/economy/article/1620913/south-africa-enlists-bank-china-help-pull-chinese-investment
  3. Business - Banking & Finance - FINANCE

    China leads countries in signing up for US$50b Asian infrastructure bank

    Posted Oct 25th 2014, 03:41am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com 21 countries sign up to Asian infrastructure bank China and 20 other countries yesterday signed a memorandum of understanding to create an Asian infrastructure bank that will help finance the region's US$800 billion annual needs. But major economies including Australia, South Korea and Indonesia were absent from the signing. ...

    http://www.scmp.com/business/banking-finance/article/1624099/china-leads-countries-signing-us50b-asian-infrastructure
  4. Business - Banking & Finance - REGULATION

    World Bank urges Beijing to license collateral management firms

    Posted Oct 25th 2014, 04:54am by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com License collateral firms, World Bank urges Beijing The Ministry of Commerce should set up regulations and a licensing system for collateral management companies in wake of the Qingdao metals and other major financing frauds. In making the call, Lai Jinchang, the World Bank's principal operations officer for East Asia and Pacific finance ...

    http://www.scmp.com/business/banking-finance/article/1624080/world-bank-urges-beijing-license-collateral-management
  5. Business - Banking & Finance - BONDS

    Central banks cut US Treasuries holdings

    Posted Oct 25th 2014, 05:01am by Reuters

    ... Reuters in New York Central banks cut US Treasuries holdings Foreign central banks have slashed their holdings of US Treasuries at the Federal Reserve to their lowest level since May, Fed ... dollar, which hit a four-plus-year peak earlier this month. "Some central banks might be selling dollar to arrest its rise against their currencies. While export-oriented countries typically ...

    http://www.scmp.com/business/banking-finance/article/1624050/central-banks-cut-us-treasuries-holdings
  6. 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 ...

    http://www.scmp.com/business/banking-finance/article/1624075/sydney-expected-get-yuan-clearing-bank-soon
  7. 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 ...

    http://www.scmp.com/news/world/article/1623945/british-war-hero-jack-king-revealed-bank-clerk-eric-arthur-roberts
  8. 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 ...

    http://www.scmp.com/business/money/markets-investing/article/1622839/volatility-crimps-banks-risk-taking-spikes-expose
  9. 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. ...

    http://www.scmp.com/business/economy/article/1622020/hsbc-nathan-road-now-only-bank-branch-closed-mong-kok
  10. 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 ...

    http://www.scmp.com/business/economy/article/1621740/world-bank-says-china-needs-speed-reforms

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