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  • July 27, 2014
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Results 1 - 10 of 67 for currency crisis

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  1. Business - Banking & Finance - FINANCE

    Taiwan to renegotiate deal on yuan investment quota

    Posted Jul 12th 2014, 12:52am by BLOOM

    ... more subject to change." Germany and South Korea received RQFII quotas this year as mainland China continues to push for greater internationalisation of its currency. Hong Kong, Singapore, ... relaxed restrictions on insurers holding foreign currency-denominated assets and could ease rules on products such as structured notes. "We'd like to see what the insurance companies ...

    http://www.scmp.com/business/banking-finance/article/1552353/taiwan-renegotiate-deal-yuan-investment-quota
  2. Business - Banking & Finance - FINANCE

    Hong Kong Monetary Authority chief pledges support for US dollar peg

    Posted Jul 07th 2014, 11:27pm by Enoch Yiu

    ... the local dollar's peg to the US currency when his second term begins in October. His comments- in an article on the HKMA website marking his fifth anniversary as the city's de facto ... developing yuan business in the city would continue to be his focus. Beijing has allowed the yuan to be used for international trade settlement since mid-2009. Deposits of the currency in the city ...

    http://www.scmp.com/business/banking-finance/article/1549266/hong-kong-monetary-authority-chief-pledges-support-us
  3. 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, George Chen

    ... the movement of currency overseas, including Hong Knog. "It is definitely not an illegal business," said one source. "Both BOC and Citic Bank have been able to do this business only ... the central bank would need more time to investigate the situation. Analysts cast doubt on whether such a scheme that allowed for free currency exchange could exist. "The government is very ...

    http://www.scmp.com/business/banking-finance/article/1550351/bank-china-laundering-money-would-be-emigrants-cctv-reports
  4. News - Asia - FINANCE

    Japan told to do more to combat money laundering and terrorist financing

    Posted Jun 29th 2014, 05:51am by AGENCIES

    ... Office of the Comptroller of the Currency in January proposed a policy shift that will remove hurdles to targeting lenders with certain enforcement actions. The Hong Kong Monetary Authority told ...

    http://www.scmp.com/news/asia/article/1542568/japan-told-do-more-combat-money-laundering-and-terrorist-financing
  5. Business - Banking & Finance - FINANCE

    Mainland China authorities clash over securities launch

    Posted Jun 23rd 2014, 03:08am by REN WEI

    ... or loans pooled into financial instruments that can be sold to general investors. They were at the centre of the credit bubble of the mid-2000s and the financial crisis that followed in 2008. ...

    http://www.scmp.com/business/banking-finance/article/1538534/mainland-china-authorities-clash-over-securities-launch
  6. News - Hong Kong - FINANCE

    Hong Kong property cooling measures won’t ease ‘until US interest rates rise’

    Posted May 19th 2014, 11:43pm by NICK EDWARDS AND ENOCH YIU

    ... into the city's property market after the cost of funding in US dollars- to which Hong Kong's currency is pegged- fell to zero in 2009. Average home prices across the city have risen 125 per cent ... recovery from the massive downturn that followed the 2008-09 global financial crisis. Meanwhile, investors awaiting the arrival of the Hong Kong-Shanghai "through train" scheme to allow ...

    http://www.scmp.com/news/hong-kong/article/1515911/us-interest-rate-rises-big-factor-when-relax-property-market-curbs
  7. Business - Banking & Finance - FINANCE

    Bitcoin exchange Mt Gox faces questions over US$350m theft

    Posted Feb 25th 2014, 11:56pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Mt Gox goes offline amid bankruptcy rumours after huge theft of customers' digital currency, 'which went unnoticed for several years' Bitcoin exchange loses US$350 m The once dominant virtual currency exchange Mt Gox, now a shadow of its former self, was keeping silent over the theft and mismanagement of US$350 million worth of bitcoins ...

    http://www.scmp.com/business/banking-finance/article/1435336/bitcoin-exchange-mt-gox-faces-questions-over-us350m-theft
  8. News - China - FINANCE

    Macau casinos to be handed card scam deadline

    Posted May 13th 2014, 11:44pm by Niall Fraser

    ... multimillion-dollar illegal cash-transfer business, gaming insiders say. The news comes a week after it emerged that tighter curbs on China's only payment card being used to circumvent national currency ... sell goods which can quickly be returned for cash in what is a form of currency transaction. Informed analysts believe the business could have involved as much as 40 billion yuan (HK$50.3 ...

    http://www.scmp.com/news/hong-kong/article/1511562/macau-casinos-get-july-1-deadline-end-use-illegal-unionpay-swipe-card
  9. News - China - FINANCE

    Savers boosting bitcoin demand in China, exchange says

    Posted Nov 15th 2013, 05:26pm by Agence France-Presse in Singapore

    ... created in 2009 in the aftermath of the global financial crisis by an anonymous programmer who wanted a currency independent of any central bank or financial institution. The price of a bitcoin ... Agence France-Presse in Singapore Bitcoins, the unofficial online currency units created as an investment instrument independant of banks, are booming on the mainland A co-founder ...

    http://www.scmp.com/news/china/article/1356753/savers-boosting-bitcoin-demand-china-exchange-says
  10. News - Hong Kong - FINANCE

    Hong Kong could face Greek-style financial crisis, warn government advisers

    Posted Mar 04th 2014, 12:33am by Olga Wong, Phila Siu, FANNY W.Y. FUNG

    ... Olga Wong, Phila Siu and Fanny W.Y. Fung Government could face massive deficit in coming years if spending continues to soar amid impact of ageing population Advisers warn of Greek-style debt meltdown Hong Kong could be as heavily indebted as Greece- faci ...

    http://www.scmp.com/news/hong-kong/article/1439664/hong-kong-could-face-greek-style-financial-crisis-warn-government

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