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Philippine bank could repay part of missing Bangladesh funds

... desh Bank SWIFT payment instructions to the Federal Reserve Bank of New York involving US$951 million. Of the total, four payments comprising US$81 million were later cleared at RCBC. The bank had rec ...More

EJ Insight2016-04-13

Look beyond the stock market and pay attention to the renminbi

... ording to SWIFT, the global provider of secure financial messaging, the renminbi is now the fifth most active currency for global payments by value and accounted for 2.45 percent of global payments in ...More

EJ Insight2016-04-08

Hackers lurked in Bangladesh central bank’s servers for weeks

... nication (SWIFT), a cooperative owned by some 3,000 global financial institutions, said Monday that it would ask customers to review their internal security in light of the breach of Bangladesh’s cent ...More

EJ Insight2016-03-22

How US$81 mln hacked from Bangladesh reserves landed in Manila

... desh Bank SWIFT payment instructions to the Federal Reserve Bank of New York involving US$951 million. Of that total, four payments comprising US$81 million were later cleared at Rizal Bank and anothe ...More

EJ Insight2016-03-21

Bangladesh vows action on US$100 million cyber heist

... ed by the SWIFT codes system. There were no signs the Fed’s systems were hacked, she said. The central bank has retrieved US$20 million of the money, while another US$81 million has yet to be traced, ...More

EJ Insight2016-03-14

Chinese hedge funds head for Hong Kong

... ties were swift to blame last year’s stock market crash on hedge funds, which weren’t legally recognized in the country until 2013. However, Chinese hedge fund managers say they aren’t closing up shop ...More

EJ Insight2016-03-03

Taylor Swift bests Lamar for Grammy album of the year

Rapper Kendrick Lamar led the Grammy winners on Monday with five wins, but Taylor Swift nabbed album of the year - the night's top prize - in an upset victory. Swift took home three awards out of her ...More

EJ Insight2016-02-16

We were used as human shields, Mong Kok police officers bewail

... d to take swift action and deploy tear gas to disperse the protesters. Some observers suggested that police were wary about using tear gas after drawing public outcry over its use during the Occupy pr ...More

EJ Insight2016-02-12

How new era for Iran could come at a cost for Saudi Arabia

... ency. The swift release last week of US Navy sailors after they drifted into Iranian waters marked the new era in relations following decades of hostility with the West. After the 1979 revolution that ...More

EJ Insight2016-01-18

Iran frees detained US sailors

Iran freed ten US sailors a day after detaining them for straying into Iranian waters, bringing a swift end to an incident and signaling better ties between the two sides in the wake of a historic nuc ...More

EJ Insight2016-01-14

RMB faces a bumpy road amid China 'trilemma'

... S dollar. SWIFT's RMB Tracker shows that the Chinese unit was among the top four world payment currencies by value as of August 2015, overtaking the Japanese yen and reaching a record high share of 2. ...More

EJ Insight2016-01-09

[Hong Kong's Top Story 2015] The Tin Soldier

... uting and swift scrapes of blades against the ice edging closer. The world was a blur, and all that I know is that the practice performance of “The Steadfast Tin Soldier” had come to a halt as I found ...More

EJ Insight2015-12-24

Facebookers are talking about Taylor Swift but she's not No. 1

... on Taylor Swift's fourth studio album, Red. In the A Team, nominated for song of the year at the Grammy Awards in 2013, Sheeran performed with Elton John. He then spent much of the year opening for Sw ...More

EJ Insight2015-12-10

Spotify caves to pressure after Taylor Swift snub

... s. Taylor Swift pulled all her music from Spotify after a dispute over her new album 1989. Swift withdrew her entire catalog because the streaming service would not bend on a core principle that all a ...More

EJ Insight2015-12-09

Yuan overtakes HK dollar, greenback in Sino-Japan trade

... nication (SWIFT) said. The Chinese unit overtook the Hong Kong dollar and the US dollar for such payments. The Japanese yen remains the largest payment currency between Japan and mainland China or Hon ...More

EJ Insight2015-12-02

Adele's '25' shatters records with 3.38 mln copies sold in US

... by Taylor Swift's "1989". Adele's coup is remarkable in an industry that has seen a steady decline in sales. At the turn of the millennium, retailers were selling about 700 million CDs a year, while l ...More

EJ Insight2015-11-30

SDR call will reflect future hopes as well as current use of RMB

... ed on the SWIFT network continues to edge up. In September, the renminbi accounted for 2.5 percent of total payments, up from 1.7 percent a year earlier. That makes the renminbi the fifth-most used gl ...More

EJ Insight2015-11-27

How to invest amid stronger dollar, weaker yuan

... ording to SWIFT data. The rapid development of renminbi products also offers new options. The market now provides various yuan-denominated funds, bonds and derivatives. The Shanghai-Hong Kong Stock Co ...More

EJ Insight2015-11-21

Pentagon chief to visit US warship in South China Sea

... ral Scott Swift, commander of the US Pacific Fleet, was on board a Boeing P-8 surveillance plane as it carried out a seven-hour flight over the South China Sea. Swift said his flight was routine, but ...More

EJ Insight2015-11-05

Uber driver gets life sentence for Delhi rape

... emand for swift justice. "We are happy that justice has been delivered and that the process didn't take that long," said Madhur Verma, deputy commissioner with the Delhi police. The victim, a woman wo ...More

EJ Insight2015-11-04

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