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  1. News - World - CURRENCY

    Ecuador set to be first country to issue its own digital currency

    Posted Aug 29th 2014, 11:14pm by AP

    ... Associated Press in Quito, Ecuador Ecuador to issue its own digital money Ecuador is planning to create the world's first government-issued digital currency, with some analysts saying it may be a first step towards abandoning the country's existing currency, the US dollar- which the government cannot control. The virtual currency, which central bank officials say ...

    http://www.scmp.com/news/world/article/1581896/ecuador-set-be-first-country-issue-its-own-digital-currency
  2. Business - Banking & Finance - BANKING

    HSBC among five banks fined US$3.4 billion for rigging foreign exchange market

    Posted Nov 13th 2014, 05:38am by AP, Bloomberg

    ... the world that use market prices to value assets and manage currency risks. The regulators found that between January 1, 2008, and October 15, 2013, the five banks failed to adequately train and supervise foreign currency traders. As a result, traders at the banks were able to form groups that shared information about client activity, using nicknames such as "the players, "the ...

    http://www.scmp.com/business/banking-finance/article/1638444/hsbc-among-five-banks-fined-us34-billion-rigging-foreign
  3. News - Asia - JAPAN

    Japan's young face an increasingly bleak future

    Posted Nov 26th 2014, 03:35am by AP

    ... of yen into the economy, pushing prices higher and the value of Japan's currency lower. He also has promised a sweeping and drastic overhaul to help improve the country's crumbling ...

    http://www.scmp.com/news/asia/article/1648716/japans-young-face-increasingly-bleak-future
  4. News - World - UKRAINE

    Facebook post that toppled a government: Ukraine's revolution, one year on

    Posted Nov 23rd 2014, 08:13am by AP

    ... reflects widely felt impatience. And there is a lot to be unhappy about. The national currency has lost more than half its value since the revolution, leading to a drop in the value of salaries. ...

    http://www.scmp.com/news/world/article/1646322/facebook-post-toppled-government-ukraines-revolution-one-year
  5. News - Hong Kong

    French minister in China pushes Paris as yuan hub

    Posted Nov 26th 2013, 06:01pm by AP

    ... BEIJING (AP) — France's finance minister is pushing Paris as a European hub for trading of China's currency at the first high-level economic dialogue between the two countries. Pierre Moscovici says he emphasized the role France could play in making the yuan a widely used currency around the world. He said: "We will see some progress in that direction in the coming ...

    http://www.scmp.com/news/hong-kong/article/1366296/french-minister-china-pushes-paris-yuan-hub
  6. News - Hong Kong

    London to become hub for China's yuan

    Posted Oct 15th 2013, 04:04pm by AP

    ... currency, the yuan. Osborne said Tuesday during a visit to Beijing that China's state-owned banks also will be allowed to expand their activities in Britain. Osborne said investors in London ... expanding the yuan's use outside China as trade and investment grow. Yuan are traded in Hong Kong and other financial centers are looking at applying for authorization to handle the currency. ...

    http://www.scmp.com/news/hong-kong/article/1332241/london-become-hub-chinas-yuan
  7. News - World - PROPERTY

    US developer Jack Sommer says he'll accept bitcoin for US$7.85m mansion

    Posted Dec 16th 2013, 04:44am by AP

    ... is willing to accept the online currency bitcoin for the deal. Jack Sommer said he got the idea to seek bitcoin for his 25,000 sq ft mansion from two of his sons, who have been making and trading the currency. "The advantage is that we're expanding our market and adding some notoriety," he said. Bitcoin peer-to-peer trading began in 2009. Value is purchased through an exchange ...

    http://www.scmp.com/news/world/article/1381256/us-developer-jack-sommer-says-hell-accept-bitcoin-us785m-mansion
  8. News - Hong Kong

    Asia stocks mixed ahead of Europe data, US sales

    Posted Nov 29th 2013, 05:10pm by AP

    ... the euro currency. A decline from October's 0.7 percent rate might stoke hopes for more monetary easing by the European Central Bank but some analysts expected an uptick in price rises. ... December 2007. Japanese stocks have been boosted by the yen's decline, which helps exporters by making their goods less expensive abroad. In currency markets, the euro strengthened to $1.3620 ...

    http://www.scmp.com/news/hong-kong/article/1368716/asia-stocks-mixed-ahead-europe-data-us-sales
  9. News - Hong Kong

    Asia stocks lower ahead of Europe data, US sales

    Posted Nov 29th 2013, 01:38pm by AP

    ... the euro currency. A decline from October's 0.7 percent rate might stoke hopes for more monetary easing by the European Central Bank but some analysts expected an uptick in price rises. ... all ended higher Thursday. In currency markets, the euro strengthened to $1.3620 from $1.3600 late Thursday. The dollar fell to 102.21 yen from 102.33 yen. Benchmark crude fell 10 cents ...

    http://www.scmp.com/news/hong-kong/article/1368610/asia-stocks-lower-ahead-europe-data-us-sales
  10. News - Hong Kong

    Asia stocks lower ahead of Europe data, US sales

    Posted Nov 29th 2013, 11:36am by AP

    ... New Zealand, Singapore and Manila also fell. Traders were looking ahead to inflation data due out Friday for European countries that use the euro currency. A decline from October's 0.7 ... decline, which helps exporters by making their goods less expensive abroad. In Europe, benchmarks in Germany, France and Britain all ended higher Thursday. In currency markets, the euro ...

    http://www.scmp.com/news/hong-kong/article/1368557/asia-stocks-lower-ahead-europe-data-us-sales

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