• Sat
  • Aug 23, 2014
  • Updated: 9:54am

City of London

China and UK in talks over London yuan clearing bank

The British and Chinese governments are in "active discussions" to appoint a clearing bank in London, a move seen as further eating into Hong Kong's market share of the offshore yuan business and cementing the Western city's leading position in the global offshore yuan hu

Friday, 21 February, 2014, 3:19pm

Financial jobs in London increase for first time in nearly 2 years

The number of new financial services jobs in London rose for the first time in almost two years last month, research showed on Monday, which recruiters said was a sign that banks are starting to think about growth after years of restructuring.

13 Jan 2014 - 4:02pm

New jobs fall 12 per cent in London's financial district

The number of new jobs in London’s financial district dropped last month, lagging a recovery in the wider jobs market, according to research by an international recruitment firm.

A total of 2,335 new roles were created in the district, down from 2,380 in September, London-based financial services recruiter Astbury Marsden said in a release on Monday.

4 Nov 2013 - 2:05pm

Chinese firm to develop London's third financial district in US$1.5b deal

A Chinese developer has signed a deal to convert a derelict plot of land next to London's City Airport into the British capital's third financial district. It is aimed at Chinese firms and will be worth an expected US$1.5 billion when completed.

30 May 2013 - 2:26am

Railway work unearths mass grave of plague victims under City of London

Seven centuries after their demise, the skeletons of 12 plague victims have been unearthed in the City of London, a find archaeologists believe to be just the tip of a long-lost Black Death mass burial ground.

16 Mar 2013 - 4:19am

Former CCTV presenter charged with hoarding 'extreme porn'

Sen Luo, 40, was charged with two counts of possessing extreme pornography after police found 800 videos on his laptop and hard-drives.

19 Feb 2013 - 9:49am

Safe and sound

London will continue to draw investors despite short-term movements in its property market, according to experts who are keen to stress that the city's fundamental economic and political strengths make it a low-risk destination.

14 Dec 2012 - 11:49am

Hong Kong on track to become top financial centre

Hong Kong is expected to overtake London by 2015 and surpass New York by 2016 to become the world’s biggest financial centre, reflecting a massive shift in the financial world.

13 Dec 2012 - 6:49pm 1 comment

Bank of China to expand yuan business in UK

Bank of China plans to expand its yuan business in London as the city embarks on an ambitious plan to establish itself as the West's major centre for trade of offshore yuan.

26 Nov 2012 - 12:55am

CCB offers yuan bonds in London

State-owned China Construction Bank (CCB) is planning to sell up to 2.5 billion yuan of offshore yuan-denominated bonds in London, a sign that Beijing is stepping up efforts to internationalise its currency.

3 Nov 2012 - 4:17am