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  • September 23, 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 - Banking & Finance

    Deutsche Bank sees US$300b stash debunking credit doomsday

    Posted Sep 22nd 2014, 04:28am by Bloomberg

    ... by giving in to the pervasive concern that a credit-market Armageddon is coming, according to strategists at Deutsche Bank. While cash may flee mutual funds when sentiment turns and Wall Street may ... strategy at Deutsche Bank in New York. "This capital largely did not even exist" seven years ago, leading up to the credit crisis, analysts led by Melentyev wrote in a report released ...

    http://www.scmp.com/business/banking-finance/article/1597571/deutsche-bank-sees-us300b-stash-debunking-credit-doomsday
  3. Business - Banking & Finance - OPERATIONS

    Lloyds Banking Group keeps its options open for move to England

    Posted Sep 22nd 2014, 04:28am by Reuters

    ... Reuters in London Lloyds keeps its options open for move to England Scotland-based Lloyds Banking Group has left the door open for a move to London amid uncertainty over the future shape ... lending to homebuyers and companies there. Rival Royal Bank of Scotland, meanwhile, made clear that it had scrapped contingency plans to shift its headquarters to London and National Australia ...

    http://www.scmp.com/business/banking-finance/article/1597677/lloyds-banking-group-keeps-its-options-open-move-england
  4. Business - Companies - UNDERWRITING

    Underwriting banks rake in US$300m windfall on fees for Alibaba IPO

    Posted Sep 22nd 2014, 10:11am by Reuters, Bloomberg

    ... Reuters and Bloomberg Banks rake in US$300m windfall on Alibaba IPO Alibaba's initial public offering in New York now officially ranks as the world's biggest at US$25 billion, ... reaction to the listing prompted underwriters to exercise an option to sell additional shares, pushing the IPO ahead of the previous global record set by Agricultural Bank of China in 2010, when ...

    http://www.scmp.com/business/companies/article/1597852/alibaba-issues-more-shares-raise-ipo-size-us25b-report-says
  5. Business - Economy - ECONOMY

    G20 ministers and central bank governors push for 1.8pc growth spurt

    Posted Sep 22nd 2014, 04:28am by AFP

    ... to reach an ambitious goal of raising the total GDP of the 20 major world economies by 2 per cent above current projections over the next five years. Finance ministers and central bank governors, ...

    http://www.scmp.com/business/economy/article/1597641/g20-ministers-and-central-bank-governors-push-18pc-growth-spurt
  6. Business - Banking & Finance

    Bank of Communications hits back at new deposit constraint

    Posted Sep 16th 2014, 03:23am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Mainland bank hits back at new rule Bank of Communications has shot back at a new constraint on bank deposits, calling the rule issued jointly by three mainland regulators an obstacle to growing deposits and saying banks would simply find a way around it. The People's Bank of China, the Ministry of Finance and the China Banking Regulatory ...

    http://www.scmp.com/business/banking-finance/article/1593500/bank-communications-hits-back-new-deposit-constraint
  7. Business - Companies - TECHNOLOGY

    Hua Capital hires Bank of America for OmniVision deal

    Posted Sep 19th 2014, 05:34am by Bloomberg

    ... Bloomberg in New York Private equity firm leads Chinese investors in US$1.7b bid for designer of camera sensor chips Hua signs bank to finance purchase of OmniVision Hua Capital Management, a Beijing-based private equity firm, has hired Bank of America to provide funding for its US$1.7 billion bid for US camera sensor-maker OmniVision Technologies. Bank of America is also ...

    http://www.scmp.com/business/companies/article/1595559/hua-capital-hires-bank-america-omnivision-deal
  8. News - World - Ebola

    Ebola could deal 'catastrophic blow' to hardest hit African economies, World Bank warns

    Posted Sep 18th 2014, 04:59am by AFP

    ... Agence France-Presse in Washington Ebola could devastate economies, bank warns The World Bank warned yesterday that fear of the deadly Ebola virus was choking off economic activity in West ... to the already fragile states," the World Bank said. In the bank's worst case analysis, with only slow containment of the disease, economic growth in Liberia next year could fall by 11.7 ...

    http://www.scmp.com/news/world/article/1595036/ebola-could-deal-catastrophic-blow-hardest-hit-african-economies-world
  9. Business - Economy - CHINA

    World Bank official urges China to be vigilant over rising debt levels

    Posted Sep 18th 2014, 05:57am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com World Bank's chief economist says mainland GDP growth of 7 per cent would be acceptable China urged to be vigilant over debt ... build-up, says World Bank chief economist and senior vice-president Kaushik Basu. Basu's comments come amid calls for Beijing to lower and even cancel its annual growth target starting next ...

    http://www.scmp.com/business/economy/article/1594842/world-bank-official-urges-china-be-vigilant-over-rising-debt-levels
  10. Business - Money

    Market reverses course as China pumps money into banks

    Posted Sep 17th 2014, 12:02pm by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com A report that China’s central bank would inject 500 billion yuan (HK$631 billion) into the nation’s largest banks helped the Hang Seng Index reverse one of its longest losing streaks in recent years. The People’s Bank of China yesterday started channeling the cash to the nation’s five biggest banks for a three-month period, Sina.com ...

    http://www.scmp.com/business/money/markets-investing/article/1594502/market-reverses-course-china-pumps-money-banks

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