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M6.0 earthquake strikes offshore Atacama, Chile

A magnitude-6.0 earthquake struck offshore of Atacama, Chile, on Sunday, with a depth of 10 kilometers, according to the U.S. Geological Survey (USGS).There are currently no reports of casualties and

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U.S. offshore drilling meets with mix of responses

U.S.PresidentDonaldTrump'smoveforthelargestexpansionofoffshoreoilandgasdrillinginU.S.continentalwatersindecadesismetwithresistancebycoastalstatesofficialsandami

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Paradise Papers leak reveals secrets of the world elite's hidden wealth

Ahugenewleakoffinancialdocumentshasrevealedhowthepowerfulandultra-wealthy,includingtheQueen'sprivateestate,secretlyinvestvastamountsofcashinoffshoretaxhavens.Do

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World's first floating wind farm emerges off coast of Scotland

Theworld'sfirstfull-scalefloatingwindfarmhasstartedtotakeshapeoffthenorth-eastcoastofScotland.Therevolutionarytechnologywillallowwindpowertobeharvestedinwaterst

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China General Nuclear takes a bet on winds of change

China General Nuclear Power Corp said on Thursday its first offshore wind power project is in the final stages of going online-as it also unveiled its ambition to diversify to other businesses beyond nuclear power.

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World's largest floating windfarm to be built off Scottish coast

Statoil granted seabed lease to develop floating windfarm 15 miles off the coast of Peterhead that is expected to be operational by the end of 2017

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China eases cross-border investment, financing controls

China announced another modest easing of foreign exchange controls Monday, allowing offshore investment and financing through special purpose entities (SPEs).

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Global investors hunger for dim sum bonds

Despite a faltering renminbi, record high issuance and growing appetite around the world have reaffirmed the offshore yuan bond as a tempting investment.

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CY Leung applauds HK Renminbi offshore trading's decade milestone

Hong Kong Chief Executive CY Leung said on Monday that Jan. 2014 marks the commencement of the 10th year of Renminbi offshore trading business of the city. It is of utmost importance for the city to maintain its leadership in trading the popularizing currency. 

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China continues promoting RMB use globally in 2013

In 2013, China continued to promote the internationalization of the yuan, or Renminbi, with media and analysts buzzing about the effect of recent reforms on the increasingly global currency.

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Renminbi globalization regains momentum: Standard Chartered

Banking multinational Standard Chartered said Monday that the offshore Renminbi market is regaining momentum following a soft patch in late second quarter and early third quarter, as its Renminbi index rose 2.4 percent in October from the previous month.

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S. Korea, U.S. to discuss whether to include products from Kaesong in FTA

South Korea and the United States planned to discuss next month whether to entitle products manufactured in the Kaesong industrial complex to preferential tariffs under the South Korea-U.S. free trade agreement (FTA) framework, Seoul's commerce ministry said Sunday.

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British financial secretary to visit Hong Kong for expanding offshore RMB market

British financial secretary to the Treasury Greg Clark is expecting to visit China's Hong Kong this week, aiming to further progress in the partnership between Hong Kong and Britain in developing offshore markets for the Chinese currency Renminbi.

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Myanmar firms seek foreign cooperation in energy development

Myanmar's local firms are seeking joint operation with foreign counterparts in oil and gas exploration and production on mutually beneficial basis for the development of the energy sector.

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Financial accountability in the Asia Pacific

Many Asia Pacific countries have been included in a report comprehensively detailing the inner workings of offshore tax havens from a watchdog reporting network, by which could spark an unprecedented increase in financial accountability.

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Renminbi emerging as global currency

Hong Kong acts both a close partner of Mainland in launching offshore renminbi products and a comprehensive platform for international partners to test-drive renminbi-denominated products, expand renminbi portfolio and settle trade accounts with the Mainland using renminbi.