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  • July 11, 2014
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  1. News - World - HISTORY

    Ikea paid millions to Romania's communist secret police in 1980s

    Posted Jul 07th 2014, 04:31am by The Guardian

    ... Military Unit 0544", dated September 27, 1986 and marked "Top Secret, sole copy", explains that the "Scandinavica currency collection operation" was initiated "with the aim of receiving foreign currency through over-billing the payments made in the contract between ICE Tehnoforestexport with Ikea of Sweden, valued at 97 million Swedish crowns." The note ...

    http://www.scmp.com/news/world/article/1548113/ikea-paid-millions-romanias-communist-secret-police-1980s
  2. Beauty takes new shape with Maruko

    Posted Jul 08th 2014, 11:25am by Reports by Stacey Johnson, Christina Liedke and Jessica Ryan

    ... Reports by Stacey Johnson, Christina Liedke and Jessica Ryan Confidence is currency in an era where body image has increasingly become a concern. Maruko is a veteran in trading in this business, providing shapewear for 36 years. Fashionable women of Japan have been walking with a spring in their step thanks to Maruko shapewear. Regardless of age and body shape, Maruko strives ...

    http://www.scmp.com/article/1549471/beauty-takes-new-shape-maruko
  3. Business - Banking & Finance - BANKING

    Espirito Santo problems spook global markets

    Posted Jul 11th 2014, 01:31am by REUTERS. BLOOMBERG

    ... as it emerges from the sovereign-debt crisis. The Portuguese bank issue "is a sharp reminder that the crisis can come back", said Jane Foley, a senior currency strategist at Rabobank ...

    http://www.scmp.com/business/banking-finance/article/1551523/espirito-santo-problems-spook-global-markets
  4. Business - Banking & Finance - FINANCE

    Like Bank of China, Citic Bank also offers service branded 'money laundering' by CCTV

    Posted Jul 09th 2014, 03:58pm by Don Weinland and George Chen

    ... the movement of currency overseas, including Hong Knog. "It is definitely not an illegal business," said one source. "Both BOC and Citic Bank have been able to do this business only ... the central bank would need more time to investigate the situation. Analysts cast doubt on whether such a scheme that allowed for free currency exchange could exist. "The government is very ...

    http://www.scmp.com/business/banking-finance/article/1550351/bank-china-laundering-money-would-be-emigrants-cctv-reports
  5. News - China - SINO-US RELATIONS

    Balance needed in financial reforms, Wang Yang says at summit with US

    Posted Jul 10th 2014, 04:39am by KWON MAN-KI, Teddy Ng

    ... Kwong Man-ki and Teddy Ng in Beijing 'Balance needed' in financial reforms Chinese Vice-Premier Wang Yang said the country needed to find a balance in its financial reforms, despite the US calls that it step up its exchange-rate reform at the annual economic and strategic talks between the two nations. "The US has been stepping up the pressure on our currency ...

    http://www.scmp.com/news/china/article/1550594/balance-needed-financial-reforms-wang-yang-says-summit-us
  6. News - China Digest

    The Post's daily China news round-up- July 11, 2014

    Posted Jul 11th 2014, 07:34am

    ... cuts' from China |Source: Reuters China signs currency deals, except in the US |Source: Wall Street Journal- China Real Time Full text: Economic track of strategic and economic dialogue |Source: ...

    http://www.scmp.com/news/china-digest/digest/1551712/posts-daily-china-news-round-july-11-2014
  7. Comment - Insight & Opinion - TALKING POINTS

    Talking points

    Posted Jul 10th 2014, 04:33am by STAFF

    ... commitment to free enterprise. During his election campaign, Modi vowed to introduce economic reforms, create employment and boost foreign investment. High inflation, a weak currency and a decline ...

    http://www.scmp.com/comment/insight-opinion/article/1550616/talking-points
  8. Business - Economy

    US dollar strengthens on faster jobs growth and recovery hopes

    Posted Jul 07th 2014, 05:26am by Bloomberg

    ... to the Fed," said Neil Mellor, a currency strategist at Bank of New York Mellon in London. "It's really a question of when the dollar is going to put in a sustained burst higher." ...

    http://www.scmp.com/business/economy/article/1548290/us-dollar-strengthens-faster-jobs-growth-and-recovery-hopes
  9. News - Hong Kong - bitcoin

    Bitcoin firm HXCex being probed after customer says he lost HK$67,000

    Posted Jun 23rd 2014, 04:57am by DANNY LEE

    ... the disappearance of tens of thousands of dollars worth of the virtual currency bitcoin in a move that could open the floodgates for more potential victims to come forward. Scrutiny has fallen ... IT engineer, reported that he had lost HK$67,000. A police spokeswoman said: "The informant reported that he stored some virtual currency … in a company providing services on storage and trading ...

    http://www.scmp.com/news/hong-kong/article/1538585/bitcoin-firm-hxcex-being-probed-after-customer-says-he-lost-hk67000
  10. 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 ...

    http://www.scmp.com/news/world/article/1378319/jpmorgan-has-no-plans-introduce-bitcoin-currency

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