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  • July 26, 2014
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  1. News - World - bitcoin

    Apple opens the door for digital currencies, such as bitcoin

    Posted Jun 03rd 2014, 09:46pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Apple opens the door for digital currencies Hong Kong's biggest virtual currency trading platform hopes to benefit from a rewrite of rules by Apple ... positive step that Apple is recognising virtual currencies are a big part of the online ecosystem and they are going some way to acknowledge that in some degree and hopefully they'll embrace ...

  2. Yuan's depreciation talk receding

    Posted Jun 26th 2009, 12:00am by Martin Zhou

    ... money from China as they did during the peak of the crisis. 'In addition, the apparent growth in the net buying of foreign currencies by Chinese banks simply reflected that the market ... to the global financial crisis and officials hinting at devaluing the currency to help plunging exports. But the improved figures in the first quarter had dampened expectation on depreciation, currency ...

  3. Business - Banking & Finance

    Shades of Chiang Mai as BRICS unveil currency fund

    Posted Sep 12th 2013, 12:00am by BLOOM

    ... led the creation of the Chiang Mai Initiative following the 1997 Asian financial crisis that sank currencies across the region. ... Bloomberg in New York and Johannesburg BRICS countries' creation of a fund to support their currencies has echoes of a similar initiative 13 years ago, which has never been used ...

  4. News - Asia - TOURISM

    Singapore launches tourism campaign in China after hit by MH370 mystery and Thai crisis

    Posted Jun 24th 2014, 03:09pm by AFP

    ... Agence France-Presse in Singapore As tourist numbers fall, the Lion City distances itself from crisis-hit neighbours Singapore launches ad campaign in China Singapore is mounting a drive ... political crisis. The five million yuan (HK$6.2 million) marketing campaign, which will last until October, will encourage Chinese travellers to visit Singapore alone. It is jointly organised ...

  5. Business - Economy

    India’s crisis within a crisis; finance minister fights on two fronts

    Posted Sep 02nd 2013, 10:53am

    ... critics might say he still enjoys wide respect around the globe. But when it comes to dealing with the currency crisis, markets will be hanging on every word of Chidambaram, not the prime ... growth skids to its slowest pace in a decade, but he is surrounded by politicians who haven’t grasped that there is a crisis at hand and want to spend their way to the ballot box. In many ways, ...

  6. News - World - IRAQ

    Kerry urges Kurds to save Iraq from collapse amid urgent crisis talks

    Posted Jun 24th 2014, 05:04pm by Reuters

    ... Reuters in Arbil Diplomatic talks take place in Arbil as Iraqi government troops battle Sunni insurgents for control of key oil refinery US Secretary of State John Kerry held crisis talks with leaders of Iraq’s autonomous Kurdish region on Tuesday, urging them to stand with Baghdad in the face of a Sunni insurgent onslaught that threatens to dismember the country. Iraqi security forces ...

  7. Business - Banking & Finance - COMMENT

    After the next crisis, let's make sure US prosecutors get their man

    Posted Jun 24th 2014, 05:58am by Bloomberg

    ... Bloomberg Next time, let's make sure prosecutors get their man The senior executives who played leading roles in the 2008 financial crisis can breathe a sigh of relief: if any ... and made mistakes, that doesn't mean they committed crimes. If so, then the 2008 crisis would be unique in its immaculate conception. After the savings-and-loan bust of the 1980s, more than ...

  8. Comment - Insight & Opinion

    On the road to currency reform

    Posted May 14th 2013, 12:00am by SCMP Editorial

    ... SCMP Editorial On the road to currency reform Ever since China's new top leaders were named in November, investors at home and abroad have been watching for pointers to financial ... attention was internationalisation of the yuan. The State Council, chaired by Premier Li Keqiang, said it would unveil an operational plan this year to make the currency fully convertible under ...

  9. In Brief

    Posted Oct 17th 2008, 12:00am by Staff Reporter

    ... announced on Tuesday was a temporary measure applied at a delicate time when confidence in the banking system was threatened by the global financial crisis. 'Prevention is better than ... risk, in our view, that the pendulum could stay at the extreme end of pessimism for longer, as the financial crisis in the west still has some ways to go,' the bank said. 'Given ...

  10. Comment - Insight & Opinion

    Economic reforms alone won't put the renminbi in the dollar's league

    Posted May 19th 2014, 02:32am by ESWAR PRASAD

    ... Eswar Prasad Eswar Prasad says China needs credible political and legal systems to build its currency's strength Economic reforms alone won't put renminbi in the US dollar's league Scarcely a week passes without news about the ascendance of the renminbi. But China has a long way to go before its currency can rival- let alone displace- the US dollar as the dominant ...




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