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  • July 25, 2014
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  1. The euro wolves are kept at bay, but for how long?

    Posted May 11th 2010, 12:00am by Kevin Rafferty

    ... the massive support deal for the euro, finally reached after 2am yesterday. He boasted that the package, which is worth nearly US$1 trillion including backing from the International Monetary Fund, proved the European Union was going to defend the euro 'whatever it takes'. The fickle markets were immediately impressed. The euro rose sharply, as did stock markets in a sigh ...

  2. So is this euro crisis good or bad for China?

    Posted May 24th 2010, 12:00am by Tom Holland

    ... by capital controls. And although the euro zone was China's largest export market last year, buying 20 per cent of its goods shipments, the crisis-hit countries of Portugal, Italy, Greece ... for China's exports. They argue that the danger of a credit drought, with European banks slashing their lending to companies in Asia, has been largely averted by this month's Euro750 billion ...

  3. Factory owners gloomy on outlook but toughing it out

    Posted May 11th 2009, 12:00am by Denise Tsang

    ... Denise Tsang in Shenzhen Most Hong Kong factory owners with manufacturing plants on the mainland believe the operating environment there will worsen but say they are prepared to keep their businesses going during the global economic troubles, according to ...

  4. Giant hailstones kill wildlife

    Posted Oct 23rd 2009, 12:00am by Susan Ramsay

    ... Susan Ramsay The Austrian Times reports that hail in Salzburg has wiped out almost 90 per cent of the area's wildlife. Hunters found thousands of dead deer, rabbits and birds. Farmers are believed to have suffered more than Euro66.5 million (about HK$770 million) in damages to crops and buildings. Meteorologists said Austria and Germany had seen some very early snowfall, ...

  5. Botanist wants to turn our high-rises green

    Posted Sep 26th 2009, 12:00am by Joyce Ng

    ... that if the Vertical Garden he has patented was used in Hong Kong, it would cost Euro500 to Euro600 (HK$5,500 to HK$6,600) per square metre to install, and Euro15 to Euro50 per square metre a year to maintain. ...

  6. Markets rally as world leaders turn on the taps

    Posted Oct 14th 2008, 12:00am by Nick Westra

    ... an unprecedented plan to release a flood of dollars into the credit-starved economy, and major European governments committed Euro1.1 trillion (HK$11.5 trillion) to prop up banks and prevent the collapse ... presented a rescue package that will guarantee up to Euro400 billion of lending between banks and set aside Euro20 billion to cover potential losses. It will also provide as much as Euro80 billion ...

  7. Blaze destroys trader's Spanish hopes

    Posted Oct 05th 2004, 12:00am by Staff Reporter

    ... angered by increasing competition from Asian-made shoes, set fire to his premises. The blaze not only reduced Euro1 million (HK$9.7 million) worth of shoes to ashes and destroyed his business, it left him with debts of up to Euro100,000. 'What life do I have now? At the moment, I'm left with no money and nothing in life works with empty pockets,' Mr Chen said. 'I ...

  8. The promise and pitfalls of FX trading

    Posted Feb 13th 2011, 12:00am by Stephen Vines

    ... In general this is a paired investment - in other words trades are between two currencies. Investors who, for example, think the euro will rise against the US dollar are 'long' on euros ... are the Australian dollar, British pound, Canadian dollar, euro, Japanese yen, New Zealand dollar, Swiss franc and US dollars. Yuan accounts fall into a separate category as there is a daily limit of 20,000 ...

  9. Are we spending too much on science?

    Posted Mar 10th 2011, 12:00am by Matthew Murchie

    ... Last month, more than 300 leading European scientists met in Paris to discuss how to spend Euro1 billion (HK$10.92 billion). There were three projects on their agenda. They were: the International X-ray Observatory to explore what happens near black holes; the Laser Interferometer Space Antenna to study gravitational waves; and the Europa Jupiter System Mission to investigate ...

  10. French not au fait with needs of Chinese tourists

    Posted Sep 13th 2003, 12:00am by Mark O'Neill

    ... 'They are big spenders, especially on perfume, skin cream and other cosmetics. One Chinese lady bought 12 bottles of perfume, each for 45 euros (HK$393),' she said. A group of 25 visitors, from China's northeast cities of Dalian and Shenyang, examines goods in the store. 'During this trip, I plan to spend 3,000 euros,' said Wang Guomin, a businessman from Shenyang. ...




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