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NEWS

25 Vietnam Bankers Face Charge in Massive Loan Scam

03.07.2014

The Ministry of Public Security police have asked prosecutors in Soc Trang Province to ratify charges against 27 suspects, including 25 bank officials, for allegedly orchestrating a loan scam involving a major seafood exporter that went bankrupt owing more than VND1.6 trillion ($75 million). The list of suspects includes executives and officers of the Soc Trang, Bac Lieu and Hau ...

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Australia Сoncerns Оver Chinese Shadow Banking

03.07.2014

An Australian parliamentary inquiry into foreign purchases in the domestic real estate market raised concerns at Chinese property investors who obtain finance through "shadow banking" in China, local media reported. The committee's deputy chair, Ed Husic, said the socalled "shadow banking" market in China was a system that usually lacks regulation and oversight. "With the rise of the shadow banking ...

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Shadow Banking Could Push China to Crisis

03.07.2014

The US Federal Reserve's decision to exit from so-called "quantitative easing" – its massive monthly purchases of long-term assets - is stoking fears of a hard economic landing in China, writes the Global Times. But China's strong economic fundamentals mean that policymakers have the space to avoid such an outcome - as long as they bring the country's shadow ...

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Expulsion of speculators

03.07.2014

The website MMM-Russia abolished the Mavro currency conversion. The reason was the abuse of this feature by some unscrupulous participants using it as a platform for currency speculation without failure. Initially it was introduced a few months ago, so that participants can use it to offset the speculative exchange rate shocks in the global markets. However, there were many members ...

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London House Prices up 25% in Rise Unequalled since 1987

02.07.2014

The average price of a property in London has leapt by more than a quarter over the past year, a rate of growth unequalled since the summer of 1987, according to the latest figures from the UK’s largest building society. Prices in the capital rose by 25.8% between the second quarter of 2013 and the same period this year, Nationwide said, ...

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