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  • October 31, 2014
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  1. News - World

    JPMorgan 'has no plans to introduce bitcoin-like currency'

    Posted Dec 11th 2013, 07:41pm by BLOOM

    ... to currencies controlled by nations and banks, according to a person familiar with the matter. JPMorgan, the biggest US bank by assets, did not have anything in development nor did it plan to produce virtual currencies to compete with bitcoin, said the person, who asked not to be identified because the New York-based company's strategy was notpublic. The Financial Times had reported ...

  2. Business - Banking & Finance - JAKE'S VIEW

    Swift too quick to hail yuan as a major currency in trade finance

    Posted Dec 05th 2013, 06:00am by Jake Van Der Kamp

    ... to conclusion on yuan's usage The yuan has surpassed the euro to become the second most commonly used currency in global trade finance, after the US dollar. Yuan usage in trade finance grew to 8.66 ... another bar chart showing a ranking of currencies by value of worldwide payments. In this one, the yuan was No 12 with only a 0.84 per cent worldwide share, slightly behind the Thai baht ...

  3. Business - Banking & Finance

    Yuan overtakes euro to become second-most used finance currency

    Posted Dec 04th 2013, 05:27am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Yuan takes No 2 spot in trade finance The yuan has surpassed the euro to become the second-most commonly used currency in global trade finance, after the US ... yen. "The [yuan] is clearly a top currency for trade finance globally and even more so in Asia, as shown by Swift's business intelligence statistics on the pace at which China's ...

  4. News - China Insider - Morning Clicks

    China news round-up: Yuan becomes second-most used currency, dissident trial continues

    Posted Dec 04th 2013, 08:19am by Patrick Boehler

    ... Nine Tibetans have been jailed in Biru county, Tibet, for "anti-state activities". Economy Wall Street Journal Yuan passes euro, yen to become second-most used currency after the US ...

  5. Business - Banking & Finance - FINANCE

    Bitcoin investors cash in as US says it could embrace the virtual currency

    Posted Nov 20th 2013, 02:55am by DANNY LEE, Angela Meng and Adrian Wan

    ... Danny Lee, Angela Meng and Adrian Wan A positive US senate committee hearing on the digital currency has raised its value, and hopes it will keep on rising if criminals are shut out Early investors find richpickings in bitcoin surge Thousands are cashing in on the soaring value of bitcoins after the US signalled it could embrace the red-hot digital currency. The value of a single ...

  6. Business - Banking & Finance

    Two sides of the bitcoin- wonder currency or tulip mania?

    Posted Nov 26th 2013, 11:49am by Kevin Rafferty

    ... Kevin Rafferty The virtual money is being hailed by fans as the wonder currency of the future and by detractors as the short-lived tulip mania of the 21st century Two sides of bitcoin ... the bitcoin is the currency of the future or an empty promise with nothing to back it so that it will and should fade away. The hearings before the US Senate last week illustrated the concern about ...

  7. Business - Banking & Finance

    RBA told to keep loose policy amid high currency

    Posted Nov 22nd 2013, 03:02am by BLOOM

    ... Bloomberg in Sydney RBA told to keep loose policy amid high currency Australia's central bank should maintain easy policy settings as a slowdown in mining investment and a local currency about 10 per cent overvalued drag on economic growth, the International Monetary Fund said. "With growth currently on the soft side, the real exchange rate still overvalued ...

  8. News - Hong Kong - IN THE SPOTLIGHT

    Value of virtual currency bitcoin skyrockets

    Posted Nov 24th 2013, 06:12am by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Value of the world's most recognised virtual currency quadrupled over the past 30 days Bitcoin goes mainstream as US indicates support The bitcoin bulls went on the charge last week, sending the price for one unit of the virtual currency towards the US$1,000 landmark after American lawmakers showed a willingness to lend legitimacy to digital ...

  9. Business - Banking & Finance - REGULATION

    Central bank raises hope for more currency reform

    Posted Nov 20th 2013, 01:52pm by Reuters

    ... Reuters in Beijing And limits on iPBOC will gradually expand the yuan's trading band to help make the currency more flexible and market-driven, says Zhou Xiaochuan Central bank raises hope for more currency reform With a shift in tone and language, the central bank governor has dangled the prospect of speeding up currency reform and giving markets more room to set ...

  10. Comment - Insight & Opinion

    China's plans to be a global currency player on the right track

    Posted Nov 12th 2013, 06:44pm by NIV HORESH

    ... Niv Horesh Niv Horesh says China's economic might and record of monetary management should allay scepticism overits efforts to turn the renminbi into a global reserve currency A global player The plan to groom London to be a launch pad for turning the renminbi into a global reserve currency remains on the drawing board. Yet, given the recent fiscal debacle in the US, ...




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