The Monetary Authority warns consumers to beware of a fake website with the domain name www.cathayunitedbank.fr.cx , which looks similar to Cathay United Bank's official website.

Richard McGregor in the FT reminds us of a very important point to consider in the current discussion of RMB revaluation:

Nearly 2½ years on from the July 2005 move to abandon the peg, Mr Bo [Xilai] and the various lobbies in China that opposed revaluation have been proved wrong.
"China's net exports between 2004 and 2007 [...]

The House Foreign Affairs Committee held hearings today on Yahoo's role in the prosecution of Shi Tao, a topic on which I've blogged before (most recently, here). Testifying before the Committee were Jerry Yang and general counsel Michael Callahan. Specifically…