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  • August 28, 2014
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  1. News - World - SCOTLAND

    Currency union 'not in Scotland's interests', says: Alistair Darling

    Posted Aug 11th 2014, 04:49am by Reuters

    ... Reuters in Edinburgh Currency union 'not in Scotland's interests' A formal currency union would not be in the interests of an independent Scotland, the leader ... uncertainty over what currency would be used if Scotland leaves the United Kingdom remains a major campaign issue. Britain's three main political parties have ruled out a formal currency union, ...

    http://www.scmp.com/news/world/article/1570778/currency-union-not-scotlands-interests-says-alistair-darling
  2. News - China - ECONOMY

    US Treasury secretary leaves talks with China pledge to reduce currency intervention

    Posted Jul 11th 2014, 04:36am by Victoria Ruan

    ... Victoria Ruan victoria.ruan@scmp.com Commitment to limit control is significant, but challenges remain in carrying it out, US says Beijing pledges to reduce currency intervention US Treasury Secretary Jack Lew praised the annual dialogue with his Chinese counterparts as "good and productive", after Beijing agreed to reduce intervention in the currency market ...

    http://www.scmp.com/news/china/article/1551487/us-treasury-secretary-leaves-talks-china-pledge-reduce-currency
  3. 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
  4. 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 ...

    http://www.scmp.com/news/world/article/1524753/apple-opens-door-digital-currencies-such-bitcoin
  5. News - Hong Kong - VIRTUAL CURRENCY

    Li Ka-shing boosts bitcoin investments amid currency crackdown in China

    Posted May 14th 2014, 06:38pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its ... currency regime, told the South China Morning Post in December, said investors should follow Li’s move to buy into firms providing the services that bitcoin holders use. Horizons has a long ...

    http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china
  6. News - World - CURRENCIES

    MIT to give US$100 of bitcoin to all students to foster use of virtual currency on campus

    Posted Apr 30th 2014, 11:12pm by GDN

    ... The Guardian US$500m project backed by university graduate aims to foster virtual currency use MIT to give US$100 of bitcoin to all students Undergraduates at the Massachusetts Institute of Technology will be given US$100 worth of bitcoin when they return to study this autumn, in an attempt to jumpstart a bitcoin ecosystem. The project is being led by Jeremy Rubin, 19, an undergraduate ...

    http://www.scmp.com/news/world/article/1501107/mit-give-us100-bitcoin-all-students-foster-use-virtual-currency-campus
  7. Comment - Insight & Opinion

    Cost of keeping the dollar peg goes beyond defence

    Posted Aug 10th 2014, 04:50am by Philip Bowring

    ... with reality, it will collapse, as surely as did the Thai baht and other Asian currencies in 1997. Foreign currency reserves and fiscal reserves are two separate concepts and have very different goals. Conflating them just because most of Hong Kong's fiscal reserves are held in foreign currencies is dangerous. Nor are these foreign exchange reserves of the slightest use if the problem ...

    http://www.scmp.com/comment/insight-opinion/article/1569197/cost-keeping-dollar-peg-goes-beyond-defence
  8. News - World - SCOTLAND

    Salmond wins final TV debate before Scottish independence referendum

    Posted Aug 26th 2014, 05:20pm by Reuters in Glasgow

    ... such as education and health. Currency question Salmond was helped on Monday by sympathetic audience members who heckled Darling, including one woman who told voters not to trust a word from the former Labour finance minister. In the last debate, Salmond came unstuck on what currency arrangements an independent Scotland would use. He advocates a pound-sharing currency union, but has struggled ...

    http://www.scmp.com/news/world/article/1580823/salmond-steamrollers-final-tv-debate-scottish-referendum
  9. News - Asia - NORTH KOREA

    N Korea issues new bank notes to flush out hoarded cash

    Posted Aug 01st 2014, 10:44am by Agence France-Presse in Seoul

    ... briefing. North Korea has a thriving black market that has, to some extent, supplanted the state goods distribution system. The widespread use of other currencies, especially the Chinese yuan, has also given rise to an unofficial currency exchange system. The issuance of the new notes did not appear to be accompanied by any actual currency reform like the disastrous revaluation attempted ...

    http://www.scmp.com/news/asia/article/1564046/n-korea-issues-new-bank-notes-flush-out-hoarded-cash
  10. News - World - UKRAINE

    Russian markets, currency take a hit on intervention in Ukraine

    Posted Mar 03rd 2014, 11:01pm by Reuters

    ... Reuters in Moscow Russian markets and currency take a hit after intervention in Ukraine Russia took a financial hit over its military intervention in neighbouring Ukraine, with its markets and currency plunging. The Moscow stock market fell over 11 per cent, wiping nearly US$60 billion off the value of Russian companies in a day, and the central bank spent US$10 billion of its reserves ...

    http://www.scmp.com/news/world/article/1439624/russian-markets-currency-take-hit-intervention-ukraine

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