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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. News - China - BRICS

    BRICS group of nations sets up development bank to rival IMF, World Bank

    Posted Jul 16th 2014, 09:36am by AFP

    ... Monetary Fund and the World Bank, where BRICS countries have been seeking more say. "The BRICS are gaining political weight and demonstrating their role in the international arena," ... the BRICS bank could prompt the World Bank and the International Monetary Fund (IMF) to carry out much-needed internal reforms. "BRICS countries have to blaze a new trail to reduce losses ...

    http://www.scmp.com/news/china/article/1555232/brics-development-bank-be-headquartered-shanghai-first-president-indian
  3. Business - Economy - ECONOMY

    World Bank chief backs launch of BRICS bank

    Posted Jul 09th 2014, 05:20am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com World Bank chief says new entrants will help the multilateral lender battle poverty and spur growth rather than threaten its position Kim backs launch of BRICS bank World Bank president Jim Yong Kim welcomed the initiatives of establishing two new multilateral lenders, saying they would not pose a threat to the Washington-based ...

    http://www.scmp.com/business/economy/article/1549975/world-bank-chief-backs-launch-brics-bank
  4. Business - Banking & Finance - COURTS

    Deutsche Bank offers ICBC executive Zhang Hongli a settlement deal

    Posted Aug 25th 2014, 03:34am by STAFF

    ... Deutsche Bank secure a deal to become an underwriter for the public listing of China Shenhua Energy- the world's second-largest initial public offering in 2005. China Shenhua was listed ... with ICBC- the world's biggest bank by total assets- in April 2010 made him the first Chinese employee of a Western financial institution to be recruited as a senior manager at a state lender. ...

    http://www.scmp.com/business/banking-finance/article/1580480/deutsche-bank-offers-icbc-executive-zhang-hongli-settlement
  5. Business - Banking & Finance - EARNINGS

    China Construction Bank posts slower 9pc gain in first-half profit

    Posted Aug 30th 2014, 01:29am by DON WEINLAND

    ... pace so familiar to the world's most-profitable banking sector. Agricultural Bank led the state banks in growth with year-on-year net profit expansion of more than 12 per cent. But the years of ultrahigh growth have drawn to a close for some banks. Industrial and Commercial Bank of China, the largest lender in the world by assets, posted a 7 per cent rise on Thursday, down ...

    http://www.scmp.com/business/banking-finance/article/1581924/china-construction-bank-posts-slower-9pc-gain-first-half
  6. Comment - Insight & Opinion

    At stall speed, world's major economies languish in a cycle of relapse

    Posted Aug 28th 2014, 02:22pm by Stephen Roach

    ... of Prime Minister Shinzo Abe's reform agenda, which remains woefully incomplete. And Europe faces a desperate need to build pan-European institutions to ensure banking and fiscal union, and to address serious competitiveness problems in France and Italy. Unfortunately, the more that central banks give the impression that that they are on the case, and the more that markets cheer them ...

    http://www.scmp.com/comment/article/1581421/stall-speed-worlds-major-economies-languish-cycle-relapse
  7. Business - Economy

    World Bank warns Asia to be alert against risks from US rate rises

    Posted Jun 28th 2014, 01:09am by Benjamin Robertson

    ... rise Asia must stay alert, World Bank says East Asian economies have recovered from the global financial crisis and are growing close to potential but governments cannot be complacent as capital flows could reverse quickly once United States interest rates rise, World Bank economists said in a global outlook report. Since March, long-term interest rates and market volatility ...

    http://www.scmp.com/business/economy/article/1542084/world-bank-warns-asia-be-alert-against-risks-us-rate-rises
  8. Comment - Insight & Opinion

    BRICS development bank should challenge the Washington Consensus

    Posted Aug 25th 2014, 01:05pm by ANDY XIE

    ... The five countries in the BRICS group have set up a development bank and a reserve fund to increase their influence in world affairs. Their desires are justified. Their combined economies are equal to America's in gross domestic product and far bigger in trade. And, yet, they have little influence in international financial institutions like the World Bank, the International Monetary Fund ...

    http://www.scmp.com/comment/article/1580523/brics-development-bank-should-challenge-washington-consensus
  9. Business - Banking & Finance - BANKING

    Zhang Hongli lawsuit 'will hurt Deutsche Bank's ICBC relationship'

    Posted Aug 25th 2014, 03:33am by DON WEINLAND

    ... for ICBC's US$19 billion initial public offering in Hong Kong, the world's largest at the time. Deutsche Bank's lawsuit alleges that Zhang breached his fiduciary responsibility ... , the person said. Zhang is a senior executive vice-president at ICBC, the world's largest bank by market capitalisation, and held top roles at Deutsche Bank such as chairman of its China ...

    http://www.scmp.com/news/article/1580475/zhang-hongli-lawsuit-will-hurt-deutsche-banks-icbc-relationship
  10. Business - Economy - CLEAN ENERGY

    How World Bank sees climate action boosting global GDP by US$2.6tr

    Posted Jun 25th 2014, 02:37am by Reuters

    ... Reuters in London World Bank says government policies can add 2.2pc a year to the world economy by 2030 Climate action's 'US$2.6tr global gain' Global economic output could rise by as much as an additional US$2.6 trillion a year, or 2.2 per cent, by 2030 if government policies improve energy efficiency, waste management and public transport, a World Bank report ...

    http://www.scmp.com/business/economy/article/1539943/how-world-bank-sees-climate-action-boosting-global-gdp-us26tr

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