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Kanji meaning gold or money picked as best symbolizing 2016

The kanji for kin, meaning gold or money, has been picked as the character best symbolizing this year’s social mood in Japan, a Kyoto-based kanji promotion organization said Monday.

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India rupee ban: Bangalore "heist" bank driver arrested

​Police in the Indian city of Bangalore have arrested the driver of a van carrying cash for ATMs who is accused of stealing 9.2m rupees ($134,000; 拢107,000) in new 2,000 rupee notes.

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S. Korea to toughen rules on anti-money laundering

South Korea said Monday it will step up efforts to close systemic loopholes in efforts to combat money laundering.

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Cash reaches ATM in remote Indian Bastar village, over within two hours

​Located 25 km from the closest small town of Antagarh, on a near unmotorable road, and surrounded by forests, Koylibeda is the tehsil headquarters.

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The $900,000 question behind Bob Dylan's Nobel prize

Many writers might give their right arm to be paid almost $1 million to deliver a lecture. But Bob Dylan's silence since he was awarded the Nobel Prize for Literature might mean he never sees the award money.

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Alipay to charge for transfers to personal bank accounts from October

Alibaba’s electronic payment system will charge individuals 0.1 per cent for amounts over 20,000 yuan to offset rising costs

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Apple case highlights huge untaxed profits of corporate giants

The huge back-tax bill European authorities slapped on Apple has put a spotlight on $2.4 trillion in untaxed earnings parked offshore by US companies, a tempting target for governments seeking to strengthen their finances.

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China strengthens efforts to clean up "dirty money"

The nation's financial authorities are tackling money laundering by improving the mechanisms used to track suspect flows of funds. Wang Yanfei reports.

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BOJ money target up for debate in policy review, sources say

The Bank of Japan's policy review could put up for debate its target for expanding base money through massive asset purchases, sources say, but the challenge would be to avoid spooking bond markets used to years of unprecedented buying.

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The price of becoming Asia's world city: Attracting global trade opens HK to laundering

This followed a record US$1.92 billion in fines for HSBC in December in 2012, to settle charges of allowing itself to laundering money and finance terrorism by US authorities.

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We're not done: Singapore preparing to ‘name and shame’ banks linked to scandal-hit 1MDB

Singapore’s central bank chief vowed yesterday to name and shame other banks engaged in money-laundering after a scandal involving Malaysian state fund 1MDB hurt the city-state’s financial reputation.

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Bangladeshi ex-PM's son sentenced to 7 years in money laundering case

A High Court Division Bench in Bangladesh has awarded former Prime Minister Khaleda Zia's eldest son Tarique Rahman a sentence of seven years in jail after scrapping a lower court order that had acquitted him in the money laundering case.

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Corporate current deposit hit RMB3.8 trl, officials warn on liquidity trap

Journalist from the National Business Daily noted that the academic world has in fact started analysis and discussion on “liquidity trap” since last year. But on the official level, it is not the first time that the above statement resounded.

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Donald Trump’s charitable giving claims sure look like a sham

​The real estate mogul has contributed hardly any of his fortune to his own foundation, which spends millions on society galas and institutions tied to friends and family.

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Brexit fallout: Crashing pound draws queues at Singapore money changers

The crashing pound sent people flocking to money changers to exploit a favourable exchange rate in Singapore on Friday (June 24) after the currency plummeted following Britain's decision to leave the European Union.

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Paying by mobile phone? New payment apps are gearing up to disrupt HK Octopus Card, traditional cheque writing

Mobile payment and digital wallet start-ups in Hong Kong are aiming to convert residents from their reliance on Octopus cards and cheques in a bid to bring the city in line with trends in mainland China as Apple’s Apple Pay is set to launch in the city.

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Why is UBER raising so much money?

​Another $2 billion round brings Uber’s total funding to $15 billion. What is it doing with all that cash?