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  • August 23, 2014
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  1. News - World - EUROPE

    Latvia brings dirty money headache to euro zone as it enters monetary union

    Posted Jan 01st 2014, 03:26am by AP

    ... Associated Press in Riga, Latvia As nation joins monetary union, observers see its loose financial oversight as a problem Latvia brings dirty money headache to euro zone When Latvia adopts the euro today, it will bring with it a banking sector that is swelling with suspicious money from Russia and the east, just as the currency bloc is trying to clamp down on such havens. It was just ...

  2. Sport - Hong Kong - MOTOR RACING

    Hong Kong driver Adderly Fong offered F1 reserve seat- but at a huge cost

    Posted Aug 03rd 2014, 12:07am by Unus Alladin

    ... Unus Alladin unus.alladin@scmp.com Fong must find 3m euros sponsorship if he wants to join a team, believed to be Marussia Fong offered F1 reserve seat- but at a huge cost Hong Kong's Adderly Fong Cheun-yue has been offered a reserve seat with a Formula One outfit- believed to be Marussia- but it comes at a hefty price tag: 3 million euros (HK$31 million). The 24-year-old ...

  3. Business - Economy

    Confidence builds for strong recovery in global trade

    Posted Aug 19th 2014, 01:27am by JING YANG

    ... crisis when the collapse of Lehman Brothers nearly sank the world economy and the 2010 euro-zone currency pushed the European Union to the brink, trading nations have been enjoying a pickup. ...

  4. Sport - Soccer

    Arsenal in confident mood for Turkish test against Besiktas

    Posted Aug 18th 2014, 08:53pm by AFP

    ... a late winner. Now they are looking to secure a place in the lucrative group stage of Europe's elite club competition for a 17th consecutive campaign. Millions of euros are at stake ...

  5. Sport - Soccer

    Barcelona start season with a lot to prove as they look to relive glory days

    Posted Aug 21st 2014, 09:57pm by AFP

    ... in the Catalan capital saw former captain Luis Enrique installed as coach and over €150 million euros (HK$1.54 billion) invested in the squad. However, doubts remain over how wisely that money has been ...

  6. Business - Banking & Finance

    Euro gains in Asia on Spain recession exit

    Posted Oct 24th 2013, 03:32pm by Agence France-Presse in Tokyo

    ... Agence France-Presse in Tokyo The euro responded positively in Asia to news Spain had emerged from recession and speculation over the US Federal Reserve winding down monetary easing The euro rose on Thursday as news that Spain exited recession boosted hopes for the battered euro zone, while the dollar faced headwinds over speculation the Federal Reserve would delay its ...

  7. Business - Economy - INVESTMENT

    Emerging-market rally fizzles out

    Posted Aug 14th 2014, 11:59am by NICHOLAS SPIRO

    ... is still out as to whether the rally in emerging markets is going firmly into reverse. The recent strengthening of the dollar- up 2.5 per cent against the euro since July 1- is clearly weighing ... stocks have even risen 1.4 per cent over the past month, while emerging market equities as a whole have fallen only 0.4 per cent. This compares with declines of 2.4 per cent for both euro zone ...

  8. Business - Companies - CASINOS

    Casino giant Sands drops plan for EuroVegas resort in Spain

    Posted Dec 15th 2013, 06:05am by BLOOM

    ... financial compensation for any future changes in the country's gambling laws that could have an adverse impact on EuroVegas, as well as granting EuroVegas a special rate of gambling tax. ... contribution would be up to 35 per cent of the equity of EuroVegas. ...

  9. News - Hong Kong - ECONOMY

    Hong Kong economy slows as stocks climb, property booms

    Posted Aug 15th 2014, 06:20pm by Amy Nip

    ... The euro zone was flat after a year of weak growth as Germany reported a shock GDP dip of 0.2 per cent.   ...

  10. Business - Economy - ECONOMY

    Trade boost fails to dispel fears over contraction in German economy

    Posted Aug 09th 2014, 04:10am by Reuters

    ... because of weak demand in the euro zone and below-average bulk orders, and output undershooting forecasts with only a modest rise. Germany's trade surplus narrowed to €16.2 billion (HK$167.9 ...




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