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  • October 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 - 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 - 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
  4. 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
  5. 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 ...

    http://www.scmp.com/comment/insight-opinion/article/1621306/austria-banks-spirit-innovation-forge-deeper-ties-hong-kong
  6. Business - Banking & Finance - FUNDRAISING

    BOC raises US$6.5b in offshore preferred share issue

    Posted Oct 16th 2014, 12:14pm by Sophie Yu and Don Weinland

    ... Sophie Yu and Don Weinland Bank of China has raised US$6.5 billion in an offshore preferred share issue, boosting its capital adequacy ratio to meet international standards. The shares marked the first hybrid securities issuance by a mainland firm. Capital raised from the offering would be “wholly used to replenish the bank’s additional tier-1 capital and increase its capital ...

    http://www.scmp.com/business/banking-finance/article/1617541/bank-china-seeks-raise-us65b-offshore-preferred-share-issue
  7. Business - Economy - ECONOMY

    China central bank sees role for shadow banking

    Posted Sep 27th 2014, 05:33am by Victoria Ruan

    ... in check PBOC sees role for shadow banking A senior official with the mainland's central bank said the role of the shadow banking system cannot be simply denied just because of the risks ... control risks in shadow banking while still enhancing financial services to the weakest sectors in the real economy, People's Bank of China deputy governor Hu Xiaolian told the International ...

    http://www.scmp.com/business/economy/article/1601273/china-central-bank-sees-role-shadow-banking
  8. Business - Economy

    Bank of Japan stays upbeat on economy

    Posted Oct 21st 2014, 05:08am by Reuters

    ... Reuters in Tokyo Central bank chief says country recovering moderately after pain from sales tax increase Bank of Japan stays upbeat on economy Most Japanese regional economies continue to recover as the pain from a sales tax increase in April starts to ease, the Bank of Japan said in a quarterly report, maintaining its optimism on the outlook despite growing signs growth may ...

    http://www.scmp.com/business/economy/article/1620911/bank-japan-stays-upbeat-economy
  9. Business - Banking & Finance - PROTESTS

    Five bank branches in Hong Kong shut due to Occupy Central disruptions

    Posted Oct 20th 2014, 11:43am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com The number of bank branches closed due to pro-democracy protests around the city has fallen to five from eight on Saturday, the Hong Kong Monetary Authority reported on Monday morning. At the start of business, five branches of four banks in Mong Kok – HSBC Holdings, Hang Seng Bank, Citibank and Australia and New Zealand Banking Group – were ...

    http://www.scmp.com/business/banking-finance/article/1620489/five-bank-branches-hong-kong-shut-due-occupy-central
  10. Business - Banking & Finance - PRIVATE BANKING

    Western private banks facing growing regional challenge

    Posted Oct 20th 2014, 05:05am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Western players facing growing regional challenge Western-based private banks should clear some space for growing regional players in the market. That is the message from DBS after it finalised the buyout of France's Societe Generale's private banking and wealth management arm in Hong Kong and Singapore. "The global players continue ...

    http://www.scmp.com/business/banking-finance/article/1620193/western-private-banks-facing-growing-regional-challenge

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