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  • August 22, 2014
  • Last updated: 11:07pm
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  1. News - Hong Kong - COURTS

    Activist faces jail for resisting arrest during Legco new-towns protest

    Posted Aug 21st 2014, 04:44am by CHRIS LAU

    ... to act similarly given the tense protest. Activists and villagers gathered on three consecutive Fridays as Legco's Finance Committee approved a HK$340 million funding package ...

  2. News - Hong Kong - COURTS

    Rafael Hui 'too busy' to pay HK$74,000 in interest

    Posted Aug 12th 2014, 05:03am by Stuart Lau

    ... Mo-cheung, then chief executive of Sun Hung Kai Properties subsidiary Honour Finance. By that time, the loan had expired four years earlier. Hui allegedly received tens of millions of dollars from ... "very rare" for the SHKP subsidiary, which issued mainly mortgages. A few months after Hui quit all government posts in January 2009, Honour Finance issued a demand note for the HK$3 ...

  3. Business - Banking & Finance - COURTS

    Another ex-Rabobank trader pleads guilty to Libor rigging

    Posted Aug 20th 2014, 01:34am by Reuters

    ... Reuters in Washington Another ex-Rabobank trader admits rigging A former senior trader at Rabobank pleaded guilty to participating in a scheme to manipulate the yen's London interbank offered rate, becoming the second employee of the Dutch-based lend ...

  4. Business - Money - COURTS

    Lawsuit against China Everbright Securities may tarnish through train stock scheme

    Posted Aug 11th 2014, 03:56am by Daniel Ren

    ... the investors," said Yang, who is now a professor at the Shanghai University of Finance and Economics. Under mainland securities laws and regulations, insider trading refers to practices involving the use ...

  5. News - Hong Kong - COURTS

    Rafael Hui given ‘very rare’ HK$5.4m loans by SHKP subsidiary, graft trial hears

    Posted Aug 08th 2014, 11:40pm by Stuart Lau

    ... and ears" in government. Hui "never repaid" HK$3 million of the loans to the SHKP subsidiary Honour Finance, according to Alex Au Mo-cheung, who retired as the firm's chief executive in 2011. "In fact, it was very rare for Honour Finance to provide unsecured loans," Au, who handled two of Hui's three loan applications between 2000 and 2004, testified. "The ...

  6. Business - Banking & Finance - COURTS

    ICBC executive sued by ex-employer Deutsche Bank over US$4 million transfer

    Posted Aug 09th 2014, 05:46pm by JULIE CHU

    ... Julie Chu julie.chu@scmp.com Top ICBC executive sued for US$6.3m A top executive of the Industrial and Commercial Bank of China (ICBC) is being sued by his former employer over the transfer of US$3.9 million to an offshore company, a High Court writ shows ...

  7. Business - Commodities - COURTS

    Citic Resources sues Qingdao Port for US$108m compensation

    Posted Jul 29th 2014, 02:34pm by CHIM SAU-WAI

    ... on September 9. Commodity financing has come to the fore because millions of dollars were lent by banks to groups or firms using metals or agricultural goods as collateral. Lenders are deeply worried ...

  8. News - Hong Kong - COURTS

    Rafael Hui did not declare HK$2.4 million of loans, trial told

    Posted Jul 23rd 2014, 04:00am by Austin Chiu

    ... and August 2003. Referring to documents, prosecutor Joseph Tse Wah-yuen SC said Hui obtained a loan of HK$900,000 and another of HK$1.5 million from Honour Finance Company, an SHKP subsidiary, ...

  9. Business - Banking & Finance - COURTS

    StanChart sues over metal fraud claims

    Posted Jul 15th 2014, 01:31am by BLOOM

    ... has raised companies' borrowing costs in recent years and triggered a surge in commodities financing deals that Goldman Sachs estimates to be worth as much as US$160 billion. Last week, ...

  10. News - Hong Kong - COURTS

    Man loses case in judicial review to raise rent subsidy

    Posted Jun 12th 2014, 04:31am by JULIE CHU

    ... clear" that the Finance Branch would only support an inflation-linked mechanism. If the director had wanted to pursue the 1996 policy, extra funding would have been needed to pay the allowances. The judge found that the director had accepted the proposal was "unrealistic" without support from the Finance Branch and had given up on it. "[Suen] has failed to satisfy me ...




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