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Unionpay launches RMB clearing services in HK

Unionpay launches RMB clearing services in HK HONG KONG, Dec. 4 (Xinhua) -- Unionpay International announced on Wednesday that it will offer direct renminbi clearing services outside China, starting with Hong Kong. Sogo, Chow Tai Fook, Oriental Watch are among the first batch of Hong Kong merchants that will enjoy direct renminbi clearing services. UnionPay International Chief Executive Officer Cai Jianbo said that launching the services will reduce exchange loss for merchants, and make them more willing to accept Unionpay cards.

DSE to seek 5-yr tax exemption after demutualisation

Dhaka Stock Exchange (DSE), the country’s premier bourse, will seek a five-year tax exemption in an effort to make it a profitable and attractive organisation to investors after demutualisation, DSE leaders said here on Saturday.“We’ll seek a five-year tax exemption in the next budget.

URGENT ¥¥¥ Swiss Coop says finds horsemeat in own-brand lasagnas

Swiss supermarket giant Coop said Wednesday that it had found horsemeat in its own-brand frozen lasagnas produced by Comigel, the French firm at the heart of a Europewide food scandal. "We can't say for the moment what the quantity is," a Coop spokeswoman told AFP. jwf/rl
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