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  • October 21, 2014
  • Last updated: 11:12pm
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  1. 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
  2. News - World - FINANCE: ANALYSIS

    Failure of Mt Gox bitcoin exchange hurts virtual currency’s prospects

    Posted Feb 26th 2014, 09:14pm by AP

    ... The sudden disappearance of one of the largest bitcoin exchanges adds to the mystery and mistrust surrounding the virtual currency, which was beginning to gain legitimacy beyond the technology ... to bitcoin's quest for acceptance by the public. Watch: Buyer protests in front of a Japanese bitcoin trading company A coalition of virtual currency companies said Mt Gox went under after secretly ...

    http://www.scmp.com/news/world/article/1435804/failure-mt-gox-bitcoin-exchange-hurts-virtual-currencys-prospects
  3. Business - Banking & Finance - CURRENCIES

    Yuan's recent decline is normal, says China's currency regulator

    Posted Feb 27th 2014, 01:34am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com After currency falls by 1pc over past week, SAFE says the fluctuations are nothing to worry about Yuan's recent decline normal,says ... in a statement apparently aimed at easing market concern over a sharp currency depreciation. "People shouldn't read too much into recent fluctuations of the yuan's exchange rate, ...

    http://www.scmp.com/business/banking-finance/article/1435959/yuans-recent-decline-normal-says-chinas-currency-regulator
  4. News - World - TECHNOLOGY

    Harvard University student hijacks computer to mine dogecoin currency

    Posted Feb 25th 2014, 11:38am by DANNY LEE

    ... Danny Lee danny.lee@scmp.com University bans access to supercomputer after researcher abuses his privileges to amass a haul of the digital currency, an alternative to bitcoin Dogecoins illicitly mined at Harvard A Harvard University researcher made off with a lucrative haul of a virtual currency after hijacking a supercomputer at the prestigious academic institution in the United ...

    http://www.scmp.com/news/world/article/1434773/harvard-university-student-hijacks-computer-mine-dogecoin-currency
  5. Business - Commodities - MACROSCOPE

    Things can only get better in HKEx and LME's marriage?

    Posted Oct 20th 2014, 05:05am by Reuters

    ... China's Great Currency Wall. It is preparing to do so through the relaunch of yuan-denominated "mini" contracts derived from the LME's copper, aluminium and zinc contracts. Other ...

    http://www.scmp.com/business/commodities/article/1619996/things-can-only-get-better-hkex-and-lmes-marriage
  6. Business - Economy - EURO ZONE

    Euro zone back in the firing line over low inflation and stagnating growth

    Posted Oct 17th 2014, 05:29am by Reuters

    ... zone must not drop its guard. "The crisis has not yet been permanently and sustainably overcome because the causes, regarding the set-up of the European economic and currency union ...

    http://www.scmp.com/business/economy/article/1618042/euro-zone-back-firing-line-over-low-inflation-and-stagnating-growth
  7. Business - Economy - CHINA

    Decline in foreign reserves fuels talk of outflows in China

    Posted Oct 17th 2014, 05:07am by Victoria Ruan

    ... of assets denominated in other currencies, such as the euro or yen, in the pool, Zhu said. Citigroup economists Ding Shuang and Shen Minggao said in a note that if large capital outflows continued, ...

    http://www.scmp.com/business/economy/article/1617913/decline-foreign-reserves-fuels-talk-outflows-china
  8. News - Asia - NORTH KOREA

    Pyongyang urges US to resume recovery of Korean war remains

    Posted Oct 14th 2014, 04:30am by AP

    ... and officials ahead of November elections to resume the recovery project, which could give the North a way to obtain foreign currency and improve ties with Washington. The US stations about 28,000 ...

    http://www.scmp.com/news/asia/article/1615818/pyongyang-urges-us-resume-recovery-korean-war-remains
  9. News - China Insider - INTERNET

    Chinese traders sell cocaine, meth and fake identities in ‘deep web’ markets

    Posted Oct 10th 2014, 04:45pm by Patrick Boehler

    ... making inroads into "crypto-markets", the notorious trading places of contraband goods and untraceable digital currencies, in the "deep web" where sites are not reachable ... bitcoins with real-world currency in online exchanges and then use the digital currency to buy products on crypto-markets such as Silk Road, Pandora or Alpaca. Sellers can then convert ...

    http://www.scmp.com/news/china-insider/article/1613610/chinese-traders-flog-colombian-cocaine-crystal-meth-and-fake
  10. Business - Economy - CURRENCIES

    Surging yuan trade sees Russia tilt towards China

    Posted Sep 26th 2014, 05:09am by Bloomberg

    ... Bloomberg in Moscow Years after yuan trading was introduced in Russia, trade between the rouble and the Chinese currency has escalated as sanctions bite Yuan trade surges as Russia tilts ... of the pipeline that will carry the fuel to the border. Introducing yuan payments into the gas business would lead to an exponential rise in trading in the Chinese currency in Moscow, the sources said. ...

    http://www.scmp.com/business/economy/article/1600459/surging-yuan-trade-sees-russia-tilt-towards-china

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