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  1. Comment - Insight & Opinion

    Admit it's a 'Western financial crisis'

    Posted Jan 31st 2013, 12:00am by Alex Lo

    ... by the euro zone crisis. However, the major emerging economies recovered quickly and came out relatively unscathed. The answer is, of course, Western arrogance- particularly American arrogance. In a moment of frustration during the height of the euro zone crisis last year, European Commission president Jose Manuel Barroso stated that the continuing global crisis was triggered in the US. ...

  2. News - World - GLOBAL ECONOMY

    G20 ministers warn US fiscal cliff could cause global crisis

    Posted Nov 06th 2012, 12:00am by Reuters in Mexico City

    ... to the euro zone crisis the fiscal cliff issue is much easier to solve." The euro crisis, which erupted more than two years ago, has eased after the European Central Bank said in September ... Reuters in Mexico City If Congress doesn't deal with crisis quick enough global crisis may ensue US fiscal cliff biggest threat to world growth, warns G20 Leading world economies ...

  3. US speaks sense but no one listens

    Posted Sep 19th 2011, 12:00am

    ... is now more of a problem than a solution. Treasury Secretary Timothy Geithner was invited to a meeting of euro-zone finance ministries. Seeing how European officials have messed up in their handling of the financial crisis, what Geithner said actually made sense. He essentially said euro-zone countries needed to act with one voice to calm markets, and to put up much more money ...

  4. US putting dollar status at risk, economist says

    Posted Jan 17th 2011, 12:00am by Lulu Chen

    ... the obvious possibility will be the [yuan].' King said the world would see a rising level of crisis between creditors and debtors. 'What we're seeing in the euro zone today is a dress rehearsal for a much bigger global crisis between creditors and debtors,' he said. In the euro zone, the major creditor is Germany, while the major debtors include many of the peripheral ...

  5. Ask our experts

    Posted Jan 30th 2012, 12:00am

    ... of fears of the euro-zone debt crisis. Recent macroeconomic data from the US, the euro-zone and China shows signs of stabilisation in global growth, and corporate earnings have been better than ...

  6. America the beautiful

    Posted Jun 18th 2012, 12:00am

    ... of this was the proverbial flight-to-safety as a result of another flare-up in the euro-zone crisis. But tellingly, US$1.3 billion exited emerging market equity funds at the same time. Mainland gross domestic ... particularly the euro-zone crisis. But there is another, home-grown explanation, which is that their respective booms have resulted in wasteful investment, bad debt and over-consumption. There's ...

  7. Europe must have its banking house in order

    Posted Sep 15th 2010, 12:00am by Staff Reporter

    ... capital standards for banks, and effective enforcement of them by regulators, very important. The new banking rules are a compromise, as evidenced by euro-zone resistance to US and British pressure for earlier implementation. If Asia is now the engine of global growth, Europe weighs on it. Having bailed out the banking system and even sovereign states, euro-zone financial authorities ...

  8. If rising prices don't get us, then deflation is certain to

    Posted Aug 10th 2012, 12:00am

    ... debt, demand in developed countries is weak. As a result, inflation is falling in both the US and the euro zone. The danger now is that further efforts to reduce debt levels will push both ... into a deflationary morass. Worse, Beijing's attempts to stimulate growth by stepping up investment will only exacerbate the problem, adding to overcapacity and increasing the chances of a debt crisis ...

  9. That sinking feeling

    Posted Nov 29th 2011, 12:00am

    ... and an apparent stand-off with the Italian government concerning possible support for debt refinancing has since increased concern and undermined confidence in the Euro zone rescue package. Short term borrowing costs for Italy have now reached crisis levels, raising the prospect of further contagion in the Euro zone. 'Under such conditions, stock market volatility will remain elevated ...

  10. Retailers and exporters bear brunt of selling spree

    Posted Sep 23rd 2011, 12:00am

    ... the mainland government would increase efforts to boost domestic consumption as the risk of an export slowdown rose in line with a weakening global economy. Investor worries over the euro-zone credit crisis and the sluggish US economy were reflected in some export-led stocks. Sourcing firm Li & Fung fell 6.08 per cent to HK$12.98, outpacing the blue-chip Hang Seng Index, which dropped ...




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