Talking points

PUBLISHED : Tuesday, 17 January, 2012, 12:00am
UPDATED : Tuesday, 17 January, 2012, 12:00am
 

Our editors will be looking ahead today to these developing stories ...

Law enforcers give assessment of 2011

The Hong Kong Police and the Independent Commission Against Corruption each present assessments of 2011. Police Commissioner Andy Tsang Wai-hung (left) will brief the Legislative Council on the latest crime situation and answer questions in the afternoon, and will address a media conference at police headquarters in the evening. Four advisory committees overseeing ICAC operations will give a briefing in the afternoon.

'Troika' holds court in Athens over reform progress

Officials from the so-called 'troika' of auditors are due to visit Athens to assess its efforts in cutting its deficit and launching structural reforms. The troika - the European Commission, the European Central Bank and the International Monetary Fund - has been critical of Greece for failing to implement the draconian reforms to make its economy competitive. A positive report from the troika is as important as a deal on the debt writedown if Greece is to get another Euro130 billion (HK$1.28 trillion) in loans.

Pinochet's pursuer goes on trial

Baltasar Garzon (left), the Spanish judge who indicted late Chilean dictator Augusto Pinochet on genocide charges, goes on trial for allegedly ordering illegal prison wiretaps. He will appear in court again next week, charged with overstepping his authority in ordering a probe of atrocities by the right-wing victors of Spain's 1936-39 civil war. Garzon does not face jail if convicted in either trial, but he could be removed from the bench for up to 20 years. At his age, 56, that would effectively end his career as a National Court investigating magistrate.

Beijing releases data on economic growth

Officials in Beijing are due to release annual data on China's economic growth. Analysts polled by Reuters expect the figures to show this growth moderated further in the fourth quarter to an annual 8.7 per cent. Beijing will also release December industrial output, investment and retail sales figures. Investors expect the data could give clues on further easing of monetary policy by Beijing.

US banks to report results

Wells Fargo reports its fourth-quarter and full-year results. On Friday, investors sold off 2 per cent of JPMorgan after the investment bank reported earnings worse than analysts had expected. It was the first time JPMorgan had missed Wall Street expectations since the final quarter of 2007. Morgan Stanley also fell 3 per cent and Goldman Sachs 2 per cent. Goldman Sachs reports earnings tomorrow and Morgan Stanley on Wednesday.

Jordan's king and Obama meet on peace process

Jordan's King Abdullah (left) visits US President Barack Obama to review recent developments in the Middle East peace process. Palestinian Authority leaders pursued dual tracks of reconciliation at the weekend, holding meetings with Israeli negotiators in Jordan and Hamas leaders in Gaza. The Jordan meeting was the third such effort this year to get stalled peace talks on track. The Palestinian Authority had said it would not meet Israel's representatives until Israel stopped building settlements in the occupied territories. But after Abdullah entered the fray, it unexpectedly agreed.

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