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  1. News - Hong Kong - WEALTH

    One in 38 Hongkongers is a US dollar millionaire, wealth study reveals

    Posted Jul 25th 2014, 12:49pm by James Griffiths

    ... James Griffiths james.griffiths@scmp.com One in every 38 Hongkongers is a US dollar millionaire, according to a new study which ranks the city 11th on a global rich list of percentage of millionaires by population. Luxury magazine Spear's, in conjunction with wealth consultancy company WealthInsight, has released a new list of the cities with the highest percentage of US dollar ...

    http://www.scmp.com/news/hong-kong/article/1558909/one-38-hongkongers-us-dollar-millionaire-wealth-study-reveals
  2. News - China

    Hagel to broach topic of cyber threats with Chinese

    Posted May 31st 2013, 11:11am by Associated Press aboard a US Aircraft

    ... Associated Press aboard a US Aircraft Defence Secretary Chuck Hagel will meet with members of a Chinese delegation this weekend and likely talk about ongoing cyberthreats amid new reports ... Hagel said that the US must find ways to work with the Chinese and other countries to develop rules of the road and a better understanding among nations for the use of cyber. “These are issues ...

    http://www.scmp.com/news/china/article/1250363/hagel-broach-topic-cyber-threats-chinese
  3. News - World - CRIME

    Hongkongers among eight arrested in multimillion dollar US illegal World Cup gambling raid

    Posted Jul 15th 2014, 12:00pm by Clifford Lo and AP

    ... among eight Asians arrested in Las Vegas on Sunday for operating an illegal World Cup soccer gambling ring from three Caesars Palace hotel suites. US authorities named Herman Yeung Chun-sang, ... operation. FBI and Nevada Gaming Control Boards agents raided the rooms on July 9. Among the Malaysians arrested was Phua Wei Seng, 50. US Attorney Daniel Bogden said the Las Vegas operation began ...

    http://www.scmp.com/news/world/article/1554645/hongkongers-among-8-arrested-las-vegas-multimillion-dollar-illegal-world
  4. Business - Banking & Finance - FINANCE

    Hong Kong Monetary Authority chief pledges support for US dollar peg

    Posted Jul 07th 2014, 11:27pm by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com HKMA chief pledges support for US dollar peg Hong Kong Monetary Authority chief executive Norman Chan Tak-lam said yesterday that he would continue to support the local dollar's peg to the US currency when his second term begins in October. His comments- in an article on the HKMA website marking his fifth anniversary as the city's de facto ...

    http://www.scmp.com/business/banking-finance/article/1549266/hong-kong-monetary-authority-chief-pledges-support-us
  5. Business - Economy

    US dollar strengthens on faster jobs growth and recovery hopes

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

    ... Bloomberg in London and Toronto US dollar sees gains on fast jobs growth The US dollar posted its biggest weekly gain in six as signs of an accelerating recovery in America spurred ... dollar's week overall," said David Watt, chief economist at the Canadian unit of HSBC. "I think we are going to start getting the sense the US dollar is gaining traction and getting back ...

    http://www.scmp.com/business/economy/article/1548290/us-dollar-strengthens-faster-jobs-growth-and-recovery-hopes
  6. Business

    Chart of the day: US dollar eyes watershed move

    Posted Jul 02nd 2014, 04:57am by Nicole Elliott

    ... Nicole Elliott Chart of the day: US dollar eyes watershed move The US dollar index is precariously poised at exactly the midpoint- 80- of the broad trading range that has dominated since the beginning of 2008. Trench warfare is taking place between investors who favour the greenback over all comers and those who need euros, a currency which makes up half the weighting of the index. ...

    http://www.scmp.com/business/article/1544481/chart-day-us-dollar-eyes-watershed-move
  7. News - World - INDUSTRIAL ESPIONAGE

    US charges Chinese woman in multimillion dollar trade secrets theft case

    Posted Jul 03rd 2014, 12:14pm

    ... The wife of a Chinese billionaire technology tycoon was charged on Wednesday with conspiracy to steal trade secrets from US seed corn companies. Chinese citizen Mo Yun, 42, was arrested on Tuesday in Los Angeles after being named in an indictment filed in federal court in Des Moines. A spokesman for US Attorney Nicholas Klinefeldt said he could not comment on whether she was in the United ...

    http://www.scmp.com/news/world/article/1545426/us-charges-chinese-woman-multimillion-dollar-trade-secrets-theft-case
  8. Business - Money - WEALTH

    China hits number three for growth of US dollar millionaires

    Posted Jun 20th 2014, 12:59am by Enoch Yiu

    ... and the US. The world's second-largest economy last year experienced a 17.8 per cent growth in the number of people with more than US$1 million to invest, taking the total to 758,000, according ... strong economic and stockmarket growth last year. "Strong growth in Asia, Japan and the US has created more new high-net-worth individuals. Almost 40 per cent of high-net-worth wealth has ...

    http://www.scmp.com/business/money/article/1536531/china-hits-number-three-growth-us-dollar-millionaires
  9. News - World - SMUGGLING

    US sentences million-dollar-dinosaur trafficker to three months in prison

    Posted Jun 04th 2014, 09:39am by AP

    ... Associated Press in New York Eric Prokopi ordered 70-million-year-old Tarbosaurus bataar skeleton from Mongolia that sold at New York auction for US$1.05 million Dinosaur smuggler jailed despite leniency plea A fossils dealer has been sentenced to three months in prison even after a US prosecutor described his cooperation with law enforcement officers in heroic terms, saying he ...

    http://www.scmp.com/news/world/article/1525064/us-sentences-million-dollar-dinosaur-trafficker-three-years-prison
  10. Business - Money - DEBT

    China's Huarong sells dollar bonds as borrowing costs plummet

    Posted Jul 10th 2014, 04:55am by Bloomberg

    ... Management, one of the mainland's four bad-loan managers, is marketing US dollar bonds as souring debts surge and borrowing costs fall to a more than 16-month low. A unit of the Beijing-based ... US$1.5 billion of dollar bonds on May 7. Its US$1 billion of 4 per cent notes due 2019, issued at a 250 basis points spread, are now trading at a 220 basis points premium. The Ministry of Finance ...

    http://www.scmp.com/business/money/markets-investing/article/1550632/chinas-huarong-sells-dollar-bonds-borrowing-costs

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