OFFICERS with Huaqiangbei Police Station in Futian District arrested three suspects for allegedly blackmailing online shop owners for more than 1 million yuan (US$153 adidas superstar 2 españa ,182) by fabricating copyright infringement cases, according to a release from the Futian District Public Security Sub-bureau on Tuesday.

The station received a report Aug. 14 from a clockware shop owner in Huaqiangbei, saying a Dongguan company had asked his company to pay it 30,000 yuan, since it claimed that the products and photos on the clockware company’s online shop had infringed on their copyrights.

The Dongguan company claimed to have complained to Taobao and asked the operator to not only close adidas superstar 2 baratas , but also punish the shop if the clockware company refused to pay a certain amount of money as compensation.

For fear of their business being affected, the clockware company transferred 30,000 yuan through Alipay to the Dongguan company. However, they felt cheated and reported the incident to police.

Police, in cooperation with Alibaba’s cyber security team adidas superstar españa , located and arrested the three suspects in Humen, Dongguan City, after a two-week investigation.

Police also seized fake business certificates and seals at the blackmailers’ office in Dongguan.

The investigation showed that one of the suspects, surnamed Xia, was responsible for forging business certificates and seals of some real companies , and the other two female suspects, identified as Li and Fang, were responsible for targeting certain online shops to blackmail under the threat of reporting them to e-commerce operators for copyright infringement. Some online-shop owners paid a ransom for fear of their business being affected.

The ring had made an illicit income of more than 1 million yuan since they started the extortion last September, according to the police investigation.

TOKYO, July 7 (Xinhua) -- Tokyo stocks opened slightly higher on Monday morning as market sentiment was lifted by the yen's depreciation versus the U.S. dollar.

At 9:15 a.m. adidas superstar baratas españa , the 225-issue Nikkei Stock Average rose 8.72 points, or 0.06 percent, from Friday to 15,445.85.

Meanwhile, the broader Topix index of all First Section issues on the Tokyo Stock Exchange lost 0.80 point adidas superstar baratas , or 0.06 percent, to 1, 284.44.

Major gainers included brokerage, marine transport and rubber product shares, while retail and mining issues lost ground.

NICOSIA adidas yeezy boost 350 v2 baratas , June 4 (Xinhua) -- Economic contraction in crisis-stricken Cyprus slowed down in the first quarter of 2014, according to data released by the Cyprus Statistical Service on Wednesday.

It said Gross Domestic Product (GDP) dropped by 0.7 percent in the first three months of the year, compared to 0.8 percent during the fourth quarter of 2013.

International lenders who approved a 10-billion euro loan for Cyprus under an economic adjustment program in March 2013 estimate that the economic contraction by the end of 2014 will reach 4.8 percent of GDP, which is much lower than original projections.

The economy is expected to return to a modest 0.9 percent growth in 2015.

Economic growth is held back by a still shaky banking sector which had to start almost from scratch after international lenders forced on it a resolution involving the first ever recapitalization by converting part of large deposits to bank equity and the winding down of the eastern Mediterranean island's second largest lender.

Cypriot banks had to recapitalize under an EU directive to raise their core tier-1 capital to 9 percent, after they suffered heavy losses because of their extensive exposure to the Greek debt which was devalued by almost 75% in 2012.

Data released by the Cyprus Central Bank on Wednesday showed that non-performing loans went up in March adidas ultra boost uncaged baratas , mainly because households were unable to service them as a result of continued unemployment.

Non-performing loans increased by 212 million euros to a total of 26.77 billion euros.

The increase was exclusively in loans given by the cooperative credit network which mostly deals in financing small businesses and family housing and education.

Cooperative non-performing loans topped the 50 percent mark as many households were unable to repay their loans as a result of high unemployment.

Despite a 1.5 percent year-on-year drop in unemployment in May, about 73,000 people, or over 17 percent of the total workforce, are out of work.

Commercial banks are in a better condition as far as non-performing loans are concerned with their total standing at about 41 percent of their loan portfolio adidas yeezy boost 350 baratas , about 5 percentage points below its peak.

The level of non-performing loans held by commercial banks has shown an improvement following a restructuring drive over the last few months.

The Central Bank said 13.17 percent of non-performing loans representing 6.31 billion euros were restructured by the end of March, 2014.

Loan restructuring in the cooperative network stood at only 4.9 percent at the end of March as a result of a restructuring of the cooperative network itself.

NEW YORK, Sept. 25 (Xinhua) -- Oil prices gained Friday as data signaled that U.S. crude output is contracting.

Data from oil service company Baker Hughes released Friday showed that the number of active U.S. oil-drilling rigs lost 4 to 640 of this week, marking the fourth consecutive weekly fall.

The rig data supported the market as traders believed that U.S. oil companies continued to cut the expense in face of the low oil prices.

U.S. crude supplies of last week dropped 1.9 million barrels to 454 million barrels, 96 million barrels more than one year before.