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  1. Business - Economy - ECONOMY

    Australian growth outlook uncertain, says central bank

    Posted Aug 20th 2014, 01:18am by BLOOM

    ... Bloomberg in Sydney Australian outlook uncertain, says central bank Australia's central bank said the nation's economic outlook remains uncertain because of the conflicting ... the risks to the forecast as well as the central projection," the Reserve Bank of Australia said in minutes released yesterday of its August 5 meeting, where it kept the cash rate unchanged ...

    http://www.scmp.com/business/article/1577240/australian-growth-outlook-uncertain-says-central-bank
  2. News - Hong Kong - ECONOMY

    Slide in Hong Kong’s retail sales continues in June with 6.9pc drop

    Posted Jul 31st 2014, 11:36pm by Amy Nip

    ... by mainlanders. Tim Condon, ING Asia chief economist for Asia, said he expected the collapse of luxury sales to continue in view of Xi's anti-corruption drive and the announcement this week ... people from their shopping. Bank of East Asia chief economist Paul Tang Sai-on said the drop in department store sales on top of jewellery sales indicated a general weakening in the purchasing ...

    http://www.scmp.com/news/hong-kong/article/1563784/slide-citys-retail-sales-continued-june-69pc-drop
  3. Business - Economy - ECONOMY

    BOJ upbeat on outlook, despite weakness in exports and output

    Posted Aug 08th 2014, 04:21pm by Reuters

    ... Reuters in Tokyo Central bank says effect of sales tax subsiding as jobs and income pick up BOJ upbeat on recovery despite weak exports The Bank of Japan maintained its view ... to offset the pain from a sales tax rise in April. Bank governor Haruhiko Kuroda remained upbeat about the outlook for the economy, underscoring the central bank's conviction that no fresh ...

    http://www.scmp.com/business/economy/article/1569230/boj-upbeat-outlook-despite-weakness-exports-and-output
  4. News - Hong Kong - ECONOMY

    Hong Kong Monetary Authority chief Norman Chan adds to gloom on economy

    Posted Aug 11th 2014, 11:28pm by Patsy Moy

    ... Patsy Moy patsy.moy@scmp.com Norman Chan says higher rates in US may spur capital flight in region and hurt city HKMA chief adds to gloom on economy Hong Kong's de facto central bank chief Norman Chan Tak-lam warned that the city's financial system could come under pressure when the United States raises its interest rates- a day after Financial Secretary John Tsang ...

    http://www.scmp.com/news/hong-kong/article/1571643/hong-kong-monetary-authority-chief-norman-chan-adds-gloom-economy
  5. Business - Economy - ECONOMY

    Yuan convertibility on back burner as Beijing focuses on other reforms

    Posted Aug 07th 2014, 11:58am by Reuters

    ... damaging speculative flows that will make it harder to reshape the economy. There has never been a hard target date for a freely traded yuan, although the central bank had outlined a goal of making ... in November last year. Heading off a sharp slowdown in growth and domestic reforms- such as fixing the fiscal system to rein in debt, overhauling banks and state conglomerates- will be done first, ...

    http://www.scmp.com/business/banking-finance/article/1568188/yuan-convertibility-back-burner-beijing-focuses-other
  6. Business - Economy - ECONOMY

    Australia's July jobless rate soars to 12-year high

    Posted Aug 08th 2014, 04:28am by Reuters

    ... a weak result," said Michael Blythe, a chief economist at Commonwealth Bank of Australia. "I think we'll see a bit more pricing of a chance of rate cuts again, a 6.4 per cent ...

    http://www.scmp.com/business/economy/article/1568633/australias-july-jobless-rate-soars-12-year-high
  7. Business - Economy - ECONOMY

    World Bank chief backs launch of BRICS bank

    Posted Jul 09th 2014, 05:20am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com World Bank chief says new entrants will help the multilateral lender battle poverty and spur growth rather than threaten its position Kim backs launch of BRICS bank World Bank president Jim Yong Kim welcomed the initiatives of establishing two new multilateral lenders, saying they would not pose a threat to the Washington-based ...

    http://www.scmp.com/business/economy/article/1549975/world-bank-chief-backs-launch-brics-bank
  8. Business - Economy - ECONOMY

    Central banker sees no mainland threat to HK

    Posted Aug 04th 2014, 03:31pm by Enoch Yiu

    ... cities and Beijing's opening up of the capital account does not spell doom for Hong Kong, says Norman Chan Tak-lam, chief executive of the city's de facto central bank. "The closer ... on the mainland now total 110 trillion yuan (HK$138.2 trillion) while total assets of the banking system amount to 160 trillion yuan," Chan wrote. "As the capital account continues ...

    http://www.scmp.com/business/banking-finance/article/1566192/central-banker-sees-no-mainland-threat-hk
  9. Business - Economy - ECONOMY

    Beijing's economic growth targets are too high, IMF says

    Posted Jul 31st 2014, 11:26am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Bank says goal of 7.5 per cent for this year will be met, but long-term expansion may be at risk Beijing's growth targets are too high, ... the bank said in a statement after its executive board concluded its annual consultation with China. It said that was the view of most of its directors, but a few others believed a lower target ...

    http://www.scmp.com/business/economy/article/1563293/imf-recommends-lower-2015-gdp-growth-target-china
  10. Business - Economy - ECONOMY

    African lions hope to emulate economies of Asian tigers

    Posted Aug 05th 2014, 03:26am by Bloomberg

    ... poverty and inequality, a rise in Islamist militancy and poor infrastructure. Data from the African Development Bank support the premise of an Africa on the rise: average life expectancy rose ... on May 15. More than 400,000 new companies were registered on the continent last year, according to the Tunis-based African Development Bank. "There are more business opportunities," ...

    http://www.scmp.com/business/economy/article/1566550/african-lions-hope-emulate-economies-asian-tigers

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