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  • August 30, 2014
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  1. Business - Economy

    Euro zone crisis, slowing mainland take toll on Japanese exports

    Posted Aug 22nd 2012, 10:59am

    ... economy. “Europe’s debt crisis is the first factor to pull down exports, and the pace of decline is striking. This is comparable to the post-Lehman situation,” said Masayuki Kichikawa, chief Japan ... a year earlier. This was the biggest decline since October 2009, when they fell 29.0 percent due to the U.S. financial crisis, highlighting the struggle European economies are facing. Exports ...

  2. Business - Economy

    Euro-zone business pace fastest in almost three years

    Posted May 07th 2014, 01:08am by Reuters

    ... Reuters Euro-zone business pace fastest in almost 3 years Euro-zone businesses had a solid start to the second quarter of the year with activity picking up at its fastest pace in almost ... purchases. The ECB is expected to keep its key policy rates on hold when it meets next week, according to economists polled by Reuters, who also said euro-zone inflation had fallen as far as it would ...

  3. Signs that the euro-zone crisis is finally nearing its endgame

    Posted May 23rd 2012, 12:00am

    ... of the crisis is that Greece and the other Mediterranean members of the euro zone cannot compete within the single currency. As the second chart shows, between its euro entry in 2001 and 2010, ... Tom Holland After almost two-and-a-half years in which Hong Kong's financial markets have been relentlessly whipsawed by developments in Europe, the euro crisis may finally be nearing ...

  4. Business - Companies

    Russians snap up luxury homes on Spanish coast

    Posted Mar 20th 2013, 01:44pm

    ... sells for 3.5 million euros (HK$35.1 million). Located on a hill full of mansions owned by Russians, the house meets the basic requirements of this market segment: security, quiet, surrounded ... a home worth over 160,000 euros (HK$1.61 million). Menus and signs in Cyrillic letters are common sites in the streets of the town, Russians music plays in shops and Russian newspapers are easy ...

  5. News - World

    New Eurogroup boss an austere bridge-builder

    Posted Jan 22nd 2013, 08:40am by AFP

    ... deficit-busting policies in the crisis-hit euro zone. But Dijsselbloem, 46, had just 11 weeks of ministerial experience on Monday, when the relative unknown was elected to lead the battle against the 17-member eurozone’s worst crisis yet. “A staggering strategist,” according to Dutch financial daily the Financieele Dagblad, Dijsselbloem-- pronounced ‘day-sell-bloom’-- is also, says ...

  6. Business - Economy

    Spanish anger mounts over corruption

    Posted Jan 28th 2013, 11:16am by AFP

    ... and a record unemployment rate of 26 per cent, many feel that “the political class is not able to resolve the economic crisis, that it is useless, and that they protect each other”, said University ... containing thousands of euros to party officials on top of their declared salaries. It said the money came from commissions collected from construction firms, insurance companies and anonymous ...

  7. News - World - EURO-ZONE DEBT CRISIS

    Spain set to seek euro-zone bailout, budget and banking audit suggest

    Posted Oct 01st 2012, 12:00am by AFP

    ... is on the agenda for a meeting of euro-zone finance ministers next Monday and a European Union summit from October 18 to 19. Euro-zone ministers will also consider Greek request for a two-year extension ... by outlining plans to buy the bonds of stricken states that apply for aid from euro-zone bailout funds and submit to their strict conditions. But as the Spanish government hesitates to take the leap, ...

  8. Business - Economy

    Action plan due for euro zone straggler Slovenia

    Posted May 09th 2013, 01:09pm by AFP

    ... The new government of struggling euro zone member Slovenia is expected to announce on Thursday an action plan aimed at avoiding a bailout, reportedly including privatisations, “crisis ... from drowning in a sea of debts. If two-million-strong Slovenia’s plans fail to convince, it faces becoming the sixth member of the 17-nation euro zone to need assistance after Greece, Ireland, ...

  9. Business - Economy

    Likely new Dutch Eurogroup boss is austere and unknown

    Posted Jan 18th 2013, 12:16pm by AFP

    ... of the Eurogroup, coordinating austerity policies in the crisis-hit eurozone. But Dijsselbloem, 46, will have just 11 weeks of ministerial experience on Monday, when the relative unknown is tipped to begin leading the battle against the 17-member eurozone’s worst crisis ever. The Dutchman announced his apparent sole candidacy to parliament on Thursday, and now appears set to get the job. “A ...

  10. Business - Banking & Finance

    Ireland confident of reaching debt deal

    Posted Jan 09th 2013, 12:08pm by AFP

    ... was determined to be the first struggling euro zone country to exit the aid programme, ahead of Greece and Portugal, after rediscovering the path to growth. But with unemployment running at 14.6 per ... The first option must be approved by the European Central bank, with whom Ireland is in negotiations, while the second requires a deal to be struck with euro zone members. Gilmore said Ireland ...




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