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Archive for the ‘Business’ Category
Controlling The Implosion Of The Biggest Bond Bubble In History – By Wolf Richter (26/6/13)

Controlling The Implosion Of The Biggest Bond Bubble In History – By Wolf Richter (26/6/13)

(28 June)     In theory, the Fed could continue to print money and buy Treasuries and mortgage-backed securities, or even pure junk, at the current rate of $85 billion a month until the bitter end. But the bitter end would be unpleasant even for those that the Fed represents – and now they’re speaking up publicly. “Savers... 

NOL reports 1st quarter profit due to sale of HQ building

NOL reports 1st quarter profit due to sale of HQ building

NOL's Boss, Lieutenant-General Ng Yat Chung (14 May) – Neptune Orient Lines, Southeast Asia’s biggest container-shipping company, posted a profit in the first quarter, helped by gains from selling its headquarters and lower fuel costs. Net income in the three months ended April 5 was US$75.5 million (93.7 million),... 

HSBC cards no longer work in many overseas ATMs

HSBC cards no longer work in many overseas ATMs

Customers using ATMs abroad have been refused. Photo: Edward Wong (SCMP) HSBC customers have complained the bank has made it more difficult to draw out money abroad. Many on business trips or holidays have said they were unable to get their hands on their cash from ATM machines. That’s because the bank has switched... 



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