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  • July 11, 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 - FINANCE

    Like Bank of China, Citic Bank also offers service branded 'money laundering' by CCTV

    Posted Jul 09th 2014, 03:58pm by Don Weinland and George Chen

    ... Don Weinland and George Chen CCTV accuses Bank of China of providing money laundering service Citic Bank also moves money overseas, say sources A day after Bank of China (BOC) was accused by the state broadcaster of breaking foreign exchange rules by helping people take money out of the country, it has emerged a second state bank has also been offering the service. Industry sources told ...

    http://www.scmp.com/business/banking-finance/article/1550351/bank-china-laundering-money-would-be-emigrants-cctv-reports
  3. Business - Economy - ECONOMY

    World Bank chief backs launch of BRICS bank

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

    ... 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 backs launch of BRICS bank World Bank president Jim Yong Kim welcomed the initiatives of establishing two new multilateral lenders, saying they would not pose a threat to the Washington-based ...

    http://www.scmp.com/business/economy/article/1549975/world-bank-chief-backs-launch-brics-bank
  4. Business - Commodities - ENERGY

    Deutsche Bank lends US$1b in Japan solar gold rush

    Posted Jul 09th 2014, 05:19am by Bloomberg

    ... Bloomberg in Tokyo German lender joins Goldman Sachs in funding cleaner energy in the country as the government struggles to restart nuclear power plants Deutsche Bank lends US$1 b in Japan solar gold rush Deutsche Bank plans to lend about US$1 billion for Japan solar projects, joining Goldman Sachs Group in funding cleaner energy as the government struggles to restart ...

    http://www.scmp.com/business/commodities/article/1549940/deutsche-bank-lends-us1b-japan-solar-gold-rush
  5. Business - Banking & Finance - BANKING

    OCBC unfazed by hedge fund's stakebuilding in Wing Hang Bank

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... Bloomberg in Singapore OCBC unfazed by Wing Hang moves Oversea-Chinese Banking Corp, which is buying Wing Hang Bank, achieved the "most important thing" by gaining control ... Elliott Capital Advisors buys shares of the Hong Kong bank, Tsien said yesterday. "We know that they're there, but in terms of would it distract us or change us from what we're ...

    http://www.scmp.com/business/banking-finance/article/1551446/ocbc-unfazed-hedge-funds-stakebuilding-wing-hang-bank
  6. Business - Banking & Finance

    South Korea holds key bank rate as strong won threatens growth

    Posted Jul 11th 2014, 01:31am by Bloomberg

    ... Bloomberg in Seoul South Korea holds key rate as growth threatened The Bank of Korea left its key rate unchanged as governor Lee Ju-yeol seeks to spur an economy that Finance Minister nominee Choi Kyung-hwan warned faces increasing downside risks. The central bank held the seven-day repurchase rate at 2.5 per cent for a 14th consecutive month, it said in a statement in Seoul ...

    http://www.scmp.com/business/banking-finance/article/1551492/south-korea-holds-key-bank-rate-strong-won-threatens-growth
  7. News - Asia - CRIME

    Philippines arrests 42 Taiwanese and two mainland Chinese suspects in alleged online bank scam

    Posted Jul 10th 2014, 04:39pm by Associated Press in Manila

    ... pretend to be police, prosecutors and court officials, separately call and tell them that their bank accounts have been found to have been used by money launderers or even terrorists. The victims are then convinced to transfer their money to a purportedly government-secured bank account for safety and for them to avoid prosecution, Sosa said. Many victims reported the crime to mainland Chinese ...

    http://www.scmp.com/news/asia/article/1551108/philippines-arrests-44-taiwanese-suspects-alleged-online-bank-scam
  8. News - China

    BRICs nations to launch bank

    Posted Jul 10th 2014, 04:39am by Reuters

    ... Reuters in Moscow Headquarters of development financer to be in either Shanghai or New Delhi BRICS nations to launch bank Leaders of the BRICS nations will launch their long-awaited development bank at a summit next week and decide whether the headquarters should be in Shanghai or New Delhi, Russian Finance Minister Anton Siluanov said yesterday. The creation by Brazil, Russia, ...

    http://www.scmp.com/news/china/article/1550677/brics-nations-launch-bank
  9. News - Hong Kong - POLITICS

    Occupy Central a danger to the Hong Kong property market, Barclays Bank warns

    Posted Jul 08th 2014, 11:52pm by Joyce Ng, Jeanny Yu and Ray Chan

    ... Joyce Ng, Jeanny Yu and Ray Chan Barclays Bank says 'shocks' like Central protest could cause a slump from which it will take the city longer to recover than in 2003 and 2008 Occupy 'a danger to property market' "Unexpected shocks" like the planned Occupy Central protest could trigger a property market slump, leading international bank Barclays ...

    http://www.scmp.com/news/hong-kong/article/1549994/occupy-central-danger-property-market-warns-barclays-bank
  10. Business - Banking & Finance - BANKING

    Foreign banks in Shanghai free-trade zone lack permits to transfer funds freely

    Posted Jul 08th 2014, 11:58am by George Chen, Jeanny Yu

    ... George Chen and Jeanny Yu Key trade-zone permits elude foreign banks Ten foreign banks have opened subsidiaries in the Shanghai free-trade zone, but none has obtained a key permit ... to be able to freely convert and transfer capital between overseas accounts and free-trade accounts (FTAs), which the central bank will treat as offshore accounts. Banks in the zone must apply ...

    http://www.scmp.com/business/banking-finance/article/1549490/lack-permit-stalls-ability-foreign-banks-ftz-branches

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