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  1. Business - Economy

    Does Japan's recession mean Abenomics has failed or needs reinforcing?

    Posted Nov 19th 2014, 04:30am by AFP

    ... spending. Prices also began to rise but, crucially, that was largely driven by the weak currency pushing up import costs, rather than a broad-based jump in consumer demand- and it dug into the real ...

    http://www.scmp.com/business/economy/article/1643196/does-japans-recession-mean-abenomics-has-failed-or-needs
  2. Business - Banking & Finance

    HSBC Swiss unit accused of fraud and laundering

    Posted Nov 18th 2014, 05:23am by AFP

    ... currency exchange rigging, interest rate rigging and product mis-selling that have damaged the reputation of major banks. Banking practices also had helped spark the 2008 global financial crisis ...

    http://www.scmp.com/business/banking-finance/article/1642560/hsbc-swiss-unit-accused-fraud-and-laundering
  3. News - Asia - CRIME

    Indonesian man charged over stabbing in Singapore bank district

    Posted Nov 16th 2014, 12:35pm by AFP

    ... was carrying Singapore, Malaysia, Brunei, and Indonesia currencies as well as three cash cheques worth more than US$600,000 in a sling bag, which the suspect ran off with. But the victim gave chase ...

    http://www.scmp.com/news/asia/article/1641260/indonesian-man-charged-over-stabbing-singapore-bank-district
  4. News - World - UKRAINE

    Russia and Ukraine fail to make breakthrough as leaders hold late-night talks

    Posted Aug 27th 2014, 11:38am by AFP

    ... On Tuesday it was announced that the Russian economy is nearing recession. At the same time it was reported that the Ukrainian currency slid to a new record low against the dollar. On the ground, ...

    http://www.scmp.com/news/world/article/1581077/russia-and-ukraine-fail-make-breakthrough-putin-and-poroshenko-hold-late
  5. News - World - VENEZUELA

    Venezuela will fingerprint shoppers to curb bulk buying amid shortages

    Posted Aug 22nd 2014, 09:46pm by AFP

    ... of basics such as cooking oil and flour for more than a year. In the spring, the administration tried a similar system in government-run supermarkets on a voluntary basis. Rigid currency controls ...

    http://www.scmp.com/news/world/article/1579441/venezuela-will-fingerprint-shoppers-curb-bulk-buying-amid-shortages
  6. News - World

    One month to Scottish independence vote, Yes camp in tough fight

    Posted Aug 17th 2014, 11:26am by AFP

    ... McDougall, campaign director for the pro-union Better Together camp led by Darling, said the economy and the currency would continue to dominate their campaigning. "We think that Alex Salmond ...

    http://www.scmp.com/news/world/article/1575353/one-month-scottish-independence-vote-yes-camp-tough-fight
  7. News - World - THE NETHERLANDS

    Greenpeace employee fired after losing €3.8m in currency bet

    Posted Jun 16th 2014, 09:06pm by AFP

    ... gamble on international currency markets, the group said. "Nothing suggests at this point that he acted for personal gain. It seems to be a terrible miscalculation," Greenpeace communications director Mike Townsley said on Sunday. The unnamed employee "went above his authority" in agreeing to the deal with a broker, who was meant to mitigate currency losses ...

    http://www.scmp.com/news/world/article/1534168/greenpeace-employee-fired-after-losing-eu38-currency-bet
  8. Business - Economy - ANALYSIS

    Asset bubbles risk deflating global economic recovery, warn analysts

    Posted Jul 28th 2014, 04:26am by AFP

    ... that accompany the creation of systemic bubbles," he told the European Parliament. His comments came after the ECB unveiled new measures in June to prevent the single currency area from slipping ...

    http://www.scmp.com/business/economy/article/1560686/asset-bubbles-risk-deflating-global-economic-recovery-warn-analysts
  9. News - China - DIPLOMACY

    China sees itself taking key role in proposed BRICS international bank

    Posted Jul 16th 2014, 02:58am by Teddy Ng, AFP

    ... the concentration of its US$3.9 trillion in reserves away from US treasuries. Financing projects in developing nations could also expand the yuan's role as an international currency, Rui said. But Wang ...

    http://www.scmp.com/news/china/article/1555048/china-sees-itself-taking-key-role-proposed-brics-international-bank
  10. News - China - DIPLOMACY

    Let’s make a deal: Li Keqiang seals HK$183b trade pact on visit to Britain

    Posted Jun 18th 2014, 10:19pm by AFP, GDN

    ... between the yuan and the British pound today, the country's foreign-exchange trade platform said, in another step on its push to internationalise the currency. Sterling and the yuan will be directly swapped without using the US dollar as an intermediary, China's Foreign Exchange Trade System said yesterday. China has long had direct currency trade with the United States, ...

    http://www.scmp.com/news/china/article/1535742/lets-make-deal-hk183b-trade-announced-during-li-keqiangs-visit-britain

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