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  • April 19, 2014
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  1. MIDDLE EAST

    Arafat’s remains said to be exhumed on Tuesday

    Posted Nov 24th 2012, 08:39pm by Associated Press in Ramallah, West Bank

    ... Associated Press in Ramallah, West Bank The remains of former Palestinian leader Yasser Arafat will be exhumed on Tuesday as part of a renewed investigation into his death, a Palestinian ... tomb in Arafat’s former government headquarters in the West Bank city of Ramallah. The Palestinian Authority, the self-rule government in the West Bank, had hesitated before agreeing to exhume ...

    http://www.scmp.com/article/1090044/arafats-remains-said-be-exhumed-tuesday
  2. Business - Companies - TECHNOLOGY

    NCR sees retail banking upgrades, new services driving ATM growth in Hong Kong

    Posted Mar 14th 2014, 01:06am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com NCR to benefit from retail bank upgrades in HK NCR, the world's largest supplier of automated teller machines, plans to maintain a steady pace of growth ... forward." A report by retail banking research firm RBR said government initiatives would continue to help boost the rollout of new ATMs across the city. Compliance with the Hong Kong Monetary ...

    http://www.scmp.com/business/companies/article/1448159/ncr-sees-retail-banking-upgrades-new-services-driving-atm-growth
  3. Business - Banking & Finance - STRATEGY

    HSBC retail revamp key to end drag of redress on profits

    Posted Apr 07th 2014, 04:38am by NICK EDWARDS

    ... Nick Edwards nick.edwards@scmp.com Banking giant's salary structure overhaul aims to cut risk of sales misdeeds and compensation payments, which remain a drag on earnings Retail revamp at HSBC to drive profit growth Redress is a word that comes up a lot in an interview with John Flint, the first he has given since taking over as HSBC's global head of retail banking ...

    http://www.scmp.com/business/banking-finance/article/1466623/hsbc-retail-revamp-key-end-drag-redress-profits
  4. Business - Money - WHITE COLLAR

    Why few retail investors might board the 'through train'

    Posted Apr 14th 2014, 10:43am by Enoch Yiu

    ... Enoch Yiu Curbs in latest version of cross-border share scheme will likely deter HK's smaller investors Retail traders may skip ride on this train Tougher rules and disparate regulatory regimes may discourage retail investors from hopping aboard the revived "through train"- a scheme for cross-border trading of stocks in Hong Kong and on the mainland. When ...

    http://www.scmp.com/business/money/markets-investing/article/1482034/why-hong-kong-retail-investors-might-not-board
  5. Business - Economy

    China retail sales lead business activity weakness, survey finds

    Posted Mar 21st 2014, 09:01am by NICK EDWARDS

    ... Retail weakness puts drag on China growth Slowing retail sales stand out as the primary drag on the mainland's economic growth so far this year, while activity in almost every other business ... publisher CBB International, said in a statement accompanying the results. "There is certainly gloom, but also perhaps a bit of light." The fall-off in retail extended far beyond luxury ...

    http://www.scmp.com/business/economy/article/1453791/retail-sales-lead-weakness-business-activity-china-beige-book
  6. Business - Banking & Finance - BANKING

    Hong Kong banks vie for edge in yuan deposits with high rates

    Posted Apr 09th 2014, 11:14am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Against falls in the currency, lenders in HK are offering rates as high as 3.8 per cent for one month per year amid signs demand is holding up Banks vie for edge in yuan deposits with high rates Hong Kong banks are stepping up efforts in the battle for yuan deposits with high interest rate promotions in the currency, which has fallen the most among Asian ...

    http://www.scmp.com/business/banking-finance/article/1470983/hong-kong-banks-compete-offer-better-terms-yuan-depositors
  7. Business - Banking & Finance - STRATEGY

    Hong Kong yuan business lures non-local banks

    Posted Apr 14th 2014, 05:07am by KANIS LI

    ... for cross-border and yuan-related business, in contrast with Hong Kong's highly saturated retail and loan business. Joseph Chan, a partner at Sidley Austin in Shanghai, said: "Some banks prefer ... Kanis Li kanis.li@scmp.com Instead of taking OCBC's acquisition approach, Industrial Bank first sets up a branch in the city HK yuan business lures outsiders An increasing number ...

    http://www.scmp.com/business/banking-finance/article/1481464/hong-kong-yuan-business-lures-non-local-banks
  8. Business - Companies

    Temasek diversifies away from China banks

    Posted Mar 25th 2014, 01:32am by BLOOM

    ... Bloomberg in Singapore Temasek diversifies away from China banks Temasek's plan to buy a stake in the retail arm of Li Ka-shing's Hutchison Whampoa will help Singapore's state-owned investment firm extend its reach in China and ease its reliance on mainland banks. It agreed on Friday to buy 24.95 per cent of AS Watson for HK$44 billion. Watson is Hutchison's ...

    http://www.scmp.com/business/companies/article/1456549/temasek-diversifies-away-china-banks
  9. Business - Banking & Finance

    Britain to ease rules for branches of Chinese and other non-EU banks

    Posted Feb 26th 2014, 03:07pm by Reuters

    ... on Wednesday, stipulate that any non-European investment or retail bank can operate as a branch only if it meets three criteria, stopping short of a ban on non-European retail branches. Branches must ... the BOE paper said. There are 145 branches of international investment and retail banks in Britain, accounting for 31 per cent of assets in the country’s banking system. The regulation might bring ...

    http://www.scmp.com/business/banking-finance/article/1435594/britain-ease-rules-branches-chinese-and-other-non-eu-banks
  10. Business - Banking & Finance - COMMENT

    Acquisitions no easy way for Singaporean banks to win in Hong Kong, mainland China

    Posted Apr 07th 2014, 04:38am by George Chen

    ... even after their acquisitions- cannot compete with. Then again, if DBS or OCBC feel their priority in Hong Kong is high-profit corporate banking rather than retail banking, they do not need ... George Chen george.chen@scmp.com OCBC sees opportunities with high-price deal for Wing Hang but it needs to outdo rivals Acquisitions no easy way to more business Can Singaporean banks win ...

    http://www.scmp.com/business/banking-finance/article/1466624/acquisitions-no-easy-way-more-business

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