Latest news with #Ying
Mint
7 days ago
- Business
- Mint
Canadian dollar rebounds from one-week low after U.S. inflation report
Canadian dollar gains 0.2% against the greenback Touches its weakest since August 5 at 1.3806 Price of oil decreases 1% Bond yields rise across a steeper curve TORONTO, Aug 12 (Reuters) - The Canadian dollar recovered on Tuesday from an earlier one-week low against its U.S. counterpart after the release of U.S. inflation data that did not change expectations that the Federal Reserve would cut interest rates in September. The loonie was trading 0.2% higher at 1.3755 per U.S. dollar, or 72.70 U.S. cents, after touching its weakest intraday level since August 5 at 1.3806. "Given that the U.S. inflation print did not surprise to the upside it is likely we will see a reversal in USD-CAD near-term," said Sarah Ying, head of foreign exchange strategy at CIBC Capital Markets, adding that there is strong support for the pair in the 1.36 area. U.S. consumer prices increased moderately in July, though rising costs for services such as airline fares and tariff-sensitive goods like household furniture caused a measure of underlying inflation to post its largest gain in six months. Uncertain prospects for U.S. tariffs on Canadian goods and weaker-than-expected domestic employment data had pressured the loonie in recent days as the market considered pricing in more interest rate cuts from the Bank of Canada, Ying said. Minutes from the BoC's most recent policy decision, which resulted in the benchmark interest rate being left on hold at 2.75%, are due on Wednesday. Investors see a roughly 50% chance that the central bank will resume its easing campaign by October. Not all was positive for the Canadian currency, however. China announced preliminary anti-dumping duties on Canadian canola imports in a new escalation of a year-long trade dispute and the price of oil, one of Canada's major exports, was trading 1% lower at $63.31 a barrel. Canadian bond yields rose across a steeper curve. The 10-year was up 4.5 basis points at 3.441%, after earlier hitting its highest since August 1 at 3.466%. (Reporting by Fergal Smith, editing by Ed Osmond)
Epoch Times
11-08-2025
- Epoch Times
Man Charged With Stealing Rare Chinese Manuscripts From University Library
A man from the San Francisco Bay Area has been charged with allegedly stealing rare and historical Chinese manuscripts valued at about $216,000 from the library system of the University of California, Los Angeles (UCLA). The U.S. Attorney's Office for the Central District of California on Aug. 7 announced that Jeffrey Ying, 38, of Fremont, had been arrested recently. Ying is charged with theft of a major artwork, a crime punishable by up to 10 years in prison.
Fox News
11-08-2025
- Fox News
Ancient rare Chinese manuscripts stolen in alleged scheme by man using multiple aliases
A 38-year-old man has been charged with committing a federal crime by stealing rare manuscripts from the library system of The University of California, Los Angeles (UCLA). Jeffrey Ying, who also went by "Jason Wang," "Alan Fujimori," and "Austin Chen," allegedly conducted a scheme to steal $216,000 worth of historical Chinese documents, according to the Department of Justice (DOJ) in a press release. Ying, said to be of the San Francisco Bay Area, allegedly would take out the manuscripts on loan, bring them home for days at a time — then "return" the documents by replacing them with fakes. He would travel to and from China within several days of the thefts, the DOJ release said. Library workers noticed that several of the rare Chinese manuscripts were missing from the collections — prompting an investigation that found the books had been viewed last by an "Alan Fujimori." "Due to the rarity and value of the books, they are not in regular circulation in the library and must be reserved and checked out," noted the press release. Law enforcement officials tracked down Ying's hotel room in Brentwood. They found blank paper matching the style and manner of manuscripts he was checking out, the release said. Ying is currently in state custody, according to the DOJ's release, and "is expected to make his initial appearance in United States District Court in Los Angeles" shortly. Officials also discovered "pre-made labels known as asset tags associated with the same manuscripts." It is alleged that Ying used the labels to create "dummy" books that he would return to the library in place of the real manuscripts. In addition, a fraudulent California identification card under the name "Austin Chen" was found, as were two library cards bearing the names "Austin Chen" and "Jason Wang." The UCLA Library system comprises one of the largest academic research libraries in North America. It has 18 million titles in the library collection, according to its site. The FBI's Art Crime Team is spearheading the investigation along with the UCLA Police Department. Ying has been charged with theft of major artwork, which is a felony punishable by up to 10 years in federal prison. "A criminal complaint contains allegations. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law," the press release notes. Fox News Digital reached out to the DOJ and UCLA for further comment.
Los Angeles Times
09-08-2025
- Los Angeles Times
Bay Area man used aliases and ‘dummy books' to steal rare Chinese manuscripts from UCLA, feds say
A Bay Area man has been charged with stealing rare Chinese manuscripts valued at $216,000 from the UCLA library in an alleged scheme involving fake aliases and replacement books. Jeffrey Ying of Fremont allegedly used three fake names to check out the valuable antique manuscripts from UCLA in a possible five-year string of robberies, with some of the stolen books dating back to the 13th century, according to investigators. Ying, arrested Wednesday before an alleged attempt to flee to China, was charged by the U.S. attorney's office with theft of major artwork, a felony punishable by up to 10 years in federal prison, and is expected to appear in U.S. District Court in Los Angeles in the coming days, the U.S. attorney's office in Los Angeles said Thursday. According to an FBI affidavit, 38-year-old Ying rented manuscripts in groups, abusing a recently new system at UCLA that allowed users to request library cards and rent books without showing an official ID. He would then return 'dummy books' in place of the actual manuscripts. The 'dummy books' were often blank or low-value manuscripts with computer-paper-printed labels and asset tags to mimic those of the actual books. Since 2020, Ying allegedly requested books from the Southern Regional Library Facility (SRL), a remote UCLA library storage space meant to house rare or delicate books. In response to his request, a box containing manuscripts would be transported to a reserved reading room at the Charles E. Young Research Library of UCLA. Ying would review and replace the manuscripts with his 'dummies,' taking the originals with him as he left, according to an FBI affidavit. Library staff told The Times that the official policy is to have an attendant present in the reading room at all times as someone reads special collections books. When the material was returned to the library, the university had no policy requiring a thorough review of the items to ensure they were not replaced with dummy manuscripts, according to officials. The director of UCLA Library Special Collections received notice from the head of the university's East Asian Library that three rare Chinese books were missing after being last checked out by someone named 'Alan Fujimori.' According to the FBI affidavit, security camera analysis from library staff revealed that Fujimori, Austin Chen, and Jason Wang, who had all checked out valuable manuscripts over the years, were all aliases for one person— Ying. Through a travel record investigation, FBI officials said they discovered that Ying traveled back and forth from China within several days of the alleged robberies, presumably to sell or transport the books. However, as of yet, the FBI said it has not confirmed whether Ying sold or traded any of the manuscripts. The FBI affidavit also lists every book stolen by Ying as 'never returned,' which may mean that authorities have not found them. While the official number of stolen books is unconfirmed, affidavit testimony suggests at least 10 are missing, each valued between $274 to $70,000. Over the course of October to December of last year, federal investigation detailed in the FBI affidavit found that Ying checked out six books under the alias 'Jason Wang.' On Aug. 5 of this year, Ying requested eight more books as 'Austin Chen.' The next day, Ying planned to board a previously booked flight to China. UCLA police were already tipped off of suspicious behavior — by the time Ying arrived to pick up his eight books before his flight, authorities were called and promptly arrested him. While the arrest and affidavit records primarily focused on the robberies of the past year, they also allege that in 2020, Ying, under the name Alan Fujimori, stole two UCLA manuscripts from the 13th and 16th centuries valued at a combined $132,386. His record could go back even further. The FBI affidavit mentions that the alias 'Alan Fujimori' is associated with a known book thief who was on the run after similar thefts at the UC Berkeley library. At his arrest, Ying was found with a card for Hotel Angeleno, located three miles away from the UCLA library, according to FBI and UCLA police's investigation detailed in the affidavit. The document also detailed that later in the day of the arrest, officers and detectives searched Ying's room at Hotel Angelino with a search warrant. They discovered blank manuscripts, printed tags, and fraudulent IDs that matched past aliases. Ying is not yet matched with an attorney and remains in custody for risk of leaving the country.
The Star
08-08-2025
- The Star
Rare Chinese manuscripts replaced with fakes
A library user in California, who allegedly took home rare Chinese manuscripts and returned fake ones in their place, has been charged with US$216,000 (RM916,000) worth of theft. Jeffery Ying used a number of aliases to get access to classic works, some over 600 years old, at the library at the University of California, Los Angeles, the Department of Justice (DoJ) said. Ying, 38, would check the works out and return days later with dummy manuscripts. He would frequently travel to China shortly thereafter. 'The library noticed that several rare Chinese manuscripts were missing, and an initial investigation revealed the books were last viewed by a visitor who identified himself as 'Alan Fujimori',' the DoJ said. When detectives raided the Los Angeles area hotel where Ying was staying, they found blank manuscripts in the style of the books that had been checked out. 'Law enforcement also found pre-made labels known as asset tags associated with the same manuscripts that could be used to create 'dummy' books to return to the library in place of the original books.' Libraries allow rare, one-of-a-kind works to be examined on site; they are not permitted to be taken home like regular books. Ying, from the Bay Area, was also found to have a number of library cards in different names. If convicted, Ying faces up to 10 years in federal prison. China is home to one of the world's fastest-growing art markets, with a number of state-sanctioned museums as well as a lively private market, as an increasingly wealthy middle class looks to claim the country's cultural heritage. — AFP
