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  1. Growth forecast unchanged

    Posted Jul 11th 2012, 12:00am

    ... Adrian Wan adrian.wan@scmp.com Hong Kong's near-term economic fortunes will depend on how the euro-zone debt crisis is resolved, Financial Secretary John Tsang Chun-wah said ... summit made some progress in tackling the euro debt problem, euro-zone leaders had not increased the firepower of the European bailout fund and many details of the proposed new measures had yet ...

  2. HK economy contracts 0.1pc on decline in exports

    Posted Aug 11th 2012, 12:00am

    ... Ng Kang-chung and Paggie Leung Hong Kong's economy contracted 0.1 per cent in the second quarter, reversing the 0.6 per cent quarter-on-quarter growth in the first three months of the year. The contraction, attributed mainly to the worsening euro debt crisis and slower recovery in the United States, prompted the government to lower its forecast for Hong Kong's economic ...

  3. Rough ride on the markets

    Posted Jul 24th 2012, 12:00am

    ... undershoot its economic growth target this year. Traders also blamed the worsening debt crisis in the euro zone for pushing markets lower. Global investors are concerned about increasing risks ... Spain's central bank said yesterday the country's economy sank deeper into recession, contracting 0.4 per cent from the first quarter, as benchmark 10-year debt yields rose above 7 per cent. ...

  4. HKEx cites tough times for listed firms' troubles

    Posted Aug 07th 2012, 12:00am

    ... using short-term loans to finance long-term debts were facing more trouble. Many companies that launched big expansion plans in the past two years were unable to trim expenses in the short term, ...

  5. Unicom to buy back stake from Telefonica

    Posted Jun 12th 2012, 12:00am

    ... 'Unless its debt situation significantly worsens, Telefonica won't want to get rid of its interest in China Unicom,' he said. In February, Telefonica chief executive Cesar Alierta said he wanted to keep the Unicom stake 'forever' as it was a long-term strategic alliance. The deal shows the firm is under pressure to reduce its net debt of Euro57.1 billion, ...

  6. Stocks head for further losses

    Posted Jun 26th 2012, 12:00am

    ... on the expectations of a strong rally buoyed by the potential incentives. Europe's economy, battered by an unfolding debt crisis, would overshadow Hong Kong, analysts said. Credit Agricole senior ... Investors Service downgraded the debt ratings of The Hongkong and Shanghai Banking Corporation and Hang Seng Bank, two Asian subsidiaries of HSBC Holdings, because they 'are interconnected ...

  7. Hopes of policy supportpush up mainland stocks

    Posted Jul 20th 2012, 12:00am

    ... Insurance Regulatory Commission may issue new rules to loosen restrictions on insurers' investment in debt securities, share rights and fixed assets, the official China Securities Journal ...

  8. Bracing for the euro fallout

    Posted Jun 17th 2012, 12:00am

    ... of the new government is likely to be a key focus at this week's Group of 20 summit in Mexico, when President Hu Jintao is expected to unveil China's proposals for rescuing the debt ... challenge' and the sovereign debt crisis had rippled across the world, exacerbating a slowdown in China's economic growth. 'The Greek election is a relatively small turning point,' ...

  9. Strong and steady

    Posted May 25th 2012, 12:00am

    ... Kenneth Ko Hong Kong's home prices are still hovering at record levels despite fresh local economic worries and uncertainty about the euro-zone debt crisis arising from election ... in May and go away'- as the Hang Seng Index is facing some turbulent times. Heightened concerns about Europe's ability to solve its debt crisis, in view of the election ...

  10. Esprit rallies after bid to restore faith

    Posted Jun 16th 2012, 12:00am

    ... of the euro-zone debt crisis. The stock is now up 1.2 per cent so far this year. The Esprit rally came on a day the Hang Seng Index bounced back to the psychological 19,000-mark as global markets rose ...




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