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  • November 24, 2014
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  1. Bank of cyprus near loan deal with cdb

    Posted Jun 09th 2011, 12:00am

    ... Keith Wallis keith.wallis@scmp.com The Bank of Cyprus is in final talks over a Euro300 million (HK$3.42 billion) term facility with the China Development Bank that was agreed as part of a memorandum of understanding signed between the two banks earlier this year. Costas Costa, the manager for international banking services, said preliminary agreement for the loan was reached last ...

  2. Orchestra banks on a season of premieres

    Posted Jul 17th 2011, 12:00am

    ... Oliver Chou oliver.chou@scmp.com Despite an HK$18 million budget shortfall, the Hong Kong Chinese Orchestra plans to push ahead with an ambitious and wide-reaching programme for its 35th season. The orchestra is planning to put on 22 programmes, including ...

  3. Armed robber in fatal bank shooting linked to four other murders

    Posted Dec 08th 2009, 12:00am by Fiona Tam

    ... Fiona Tam An unidentified armed robber who shot dead a customer coming out of a bank in Changsha, Hunan province, has been linked to four previous murders. Changsha police launched a citywide search after the 41-year-old bank customer was shot in the head on Friday and robbed of 45,000 yuan (HK$51,000). Authorities have offered a 200,000 yuan reward for information leading ...

  4. Abu Dhabi bank starts Asia expansion in HK

    Posted Dec 04th 2009, 12:00am by Enoch Yiu

    ... on the expansion plans of National Bank of Abu Dhabi, which opened its first Asian branch in Hong Kong yesterday. 'We have been planning to expand here in Asia for 20 to 40 years. We are not coming here for a one-week media report,' said Michael Tomalin, the group chief executive. The bank, one of the largest in the United Arab Emirates, opened the branch in Central a week after ...

  5. City's banking sector in good shape for recovery

    Posted Oct 17th 2009, 12:00am by Wilson Lau

    ... Wilson Lau As one of the pillars of Hong Kong's economic development, the banking and finance sector is expected to thrive again thanks to strong fundamentals in the Asia-Pacific region and support from the mainland. That was the message from speakers at the 'New Opportunities in Banking and Finance' seminar, the latest instalment in the Classified Post Career ...

  6. Banks emerge intact from financial crisis

    Posted Jun 23rd 2008, 12:00am by Steven Kolbe

    ... Steven Kolbe As the credit crunch wreaked havoc across the financial world, Luxembourg banks have weathered the storm unscathed and, with a focus on Asia, are now positioning themselves ... 'Collateral damage stemming from the international credit crunch has largely been worked through the system,' an international banking analyst said. 'It's substantially past, perhaps ...

  7. International city where cultures mix happily

    Posted Nov 15th 2010, 12:00am by Staff Reporter

    ... of international organisations and is also the capital of the European Union. The headquarters of Nato is also in Brussels. Apart from politics, the capital has a number of big banking institutions ... Group, which includes BNP Paribas Fortis, is the euro zone's largest bank by deposits. BNP Paribas Belgium is particularly dedicated to corporate and institutional clients. About one-third ...

  8. Junior tycoons' talent for opening doors at banks starts to fade

    Posted Jan 15th 2008, 12:00am by Enoch Yiu

    ... career path for the city's Richie Riches has been a stint in a famous investment bank before they join the family firm. It allowed the youngsters to work at the coal-face of money and gave ... where he is now president. But with the mainland's explosive growth creating more tycoons and investment banking becoming more demanding, it is no longer so easy. Banks are now actually ...

  9. New curbs point to central bank being serious this time

    Posted Dec 10th 2007, 12:00am by Staff Reporter

    ... policy over the past year but is unlikely to impose tougher measures as the Olympic Games approach in August. Investor optimism may be misplaced this time, however. The central bank's announcement at the weekend to raise commercial banks' deposit ratio by one percentage point is the first warning shot of many tougher measures in the coming months. The rise in the amount of cash ...

  10. Islanders bank on tusks and taro in pursuit of happiness

    Posted Jan 02nd 2008, 12:00am by Nick Squires

    ... exchanges. 'The mantra of the World Bank and similar organisations is to make as much cash as you can, as fast as you can,' said Ralph Regenvanu, an anthropologist from the Vanuatu Cultural ... not target only tusked pigs, but also woven and dyed money mats and shell money and beads', the report said. With the help of the UN agency, authorities are setting up 'banks ...




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