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  • September 18, 2014
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  1. News - World - ECONOMY

    World Bank warns of global jobs crisis

    Posted Sep 09th 2014, 10:52pm by AFP

    ... Nigel Twose. "As this report makes clear, there is a shortage of jobs- and quality jobs. "And equally disturbingly, we're also seeing wage and income inequality widening within many G20 countries, although progress has been made in a few emerging economies, like Brazil and South Africa." He said that emerging market economies had done better than advanced G20 ...

    http://www.scmp.com/news/world/article/1588934/world-bank-warns-global-jobs-crisis
  2. Business - Economy - ECONOMY

    Weaker mainland China industrial output fuels regional pessimism

    Posted Sep 16th 2014, 03:23am by Victoria Ruan

    ... easing Weaker mainland output fuels regional pessimism Pessimism dominated regional markets yesterday, with stocks, commodities and the yuan tumbling after the mainland reported its weakest ... water to ease his thirst," he warned. Many investment banks lowered their forecasts for the mainland's economic outlook, after it reported the weakest growth in industrial output since ...

    http://www.scmp.com/business/economy/article/1593498/weaker-mainland-china-industrial-output-fuels-regional-pessimism
  3. News - China - ECONOMY

    Guangdong farmers wait for the bulldozers amid ambitious new-town plans

    Posted Sep 12th 2014, 05:52am by He Huifeng

    ... on, the latest economic data for the 12 cities is not looking so good, with a clear slowdown in business. The 12 cities reported an average rise in gross domestic product of 9 per cent during ...

    http://www.scmp.com/news/china/article/1590430/guangdong-farmers-wait-bulldozers-amid-ambitious-new-town-plans
  4. Business - Economy - ECONOMY

    Hong Kong in lukewarm response to European Central Bank rate cut

    Posted Sep 06th 2014, 05:37am by Benjamin Robertson

    ... Economists argue that monetary policy only goes so far and European countries need further labour market and tax reforms to boost supply-side growth or risk a prolonged, multi-decade slump. New ECB ... yields, have raised concerns about a 'Japanese scenario' in the euro area," wrote AXA Investment Managers researcher Maxime Alimi in a recent report. Once reforms kicked in, ...

    http://www.scmp.com/business/economy/article/1586263/hong-kong-lukewarm-response-european-central-bank-rate-cut
  5. Business - Economy - ECONOMY

    Investors in Asia calmer over future U.S. interest rate rise

    Posted Sep 09th 2014, 04:42am by Reuters

    ... but pushing stock markets sharply lower. Standard responses to a spike in US rates, such as avoiding Indonesia, India and other countries which rely on external funding, may no longer be appropriate, ... to be more reform-oriented have taken over in India and Indonesia, and Asia's rallying stock markets are backed by robust growth in company earnings. "You should be in countries where ...

    http://www.scmp.com/business/economy/article/1588108/investors-asia-calmer-over-future-us-interest-rate-rise
  6. News - Hong Kong - ECONOMY

    Would you like a rise with that? How Hong Kong fares on the Big Mac Index

    Posted Aug 05th 2014, 10:50pm by PHILA

    ... minimum wage of HK$30 can afford 1.59 Big Macs after an hour on the job, or 1.54 Big Macs if the effects of inflation are deducted from the minimum wage. Of the 22 countries that have statutory ... of Big Macs, as collected by The Economist, varied across countries, so just because the wage is high doesn't mean that wage earners in a particular locale can afford many Big Macs or have ...

    http://www.scmp.com/news/hong-kong/article/1567209/would-you-rise-how-hong-kong-fares-big-mac-index
  7. News - China - ECONOMY

    Cut taxes to boost the economy, urges China's second richest man Zong Qinghou

    Posted Aug 25th 2014, 03:35pm by Kathy Gao

    ... the government, according to the report. Zong thought that the country had "a huge contingent of public servants" and the government "should be thriftier to lighten the burden ... cause instability within society. "If the nation is rich, but people are poor, the country cannot be strong and society will be unstable," the report quoted Zong as saying. He added ...

    http://www.scmp.com/news/china/article/1580537/chinas-second-richest-man-zong-qinghou-tells-government-tax-cuts-will
  8. Business - Economy - ECONOMY

    US job growth slows to 8-month low

    Posted Sep 06th 2014, 05:37am by Reuters

    ... were revised to show 28,000 fewer jobs created than previously reported, adding to the weaker tone. In addition, manufacturing saw no job growth and retail payrolls fell for the first time ... market brightened significantly, which economists said were consistent with tightening conditions. Some economists had cautioned that the employment report could miss expectations because ...

    http://www.scmp.com/business/economy/article/1586262/us-job-growth-slows-8-month-low
  9. Business - Economy - ECONOMY

    Changing tides could shift focus from China to Africa

    Posted Aug 25th 2014, 03:33am by JUNE SUN

    ... that the African countries are ready to seize this opportunity," he said. China also needed to deal with its own demographic issues, the HSBC report said. Unlike developed economies, China had had ... population much sooner than previously expected, an HSBC report said, warning that if nothing was done to offset the changes, it could shave 0.6 per cent off annual gross domestic product growth ...

    http://www.scmp.com/business/economy/article/1580413/changing-tides-could-shift-focus-china-africa
  10. News - China - ECONOMY

    Guangdong talks up role in ‘maritime Silk Road’ to boost trade with Asean

    Posted Aug 28th 2014, 04:45am by Andrea Chen

    ... business links with Southeast Asian countries as part of a national initiative to forge new trade ties with nations in the region, says the chief of the province's economic planning agency. ... Development and Reform Commission. Guangdong's initiative comes as the Canton Fair, the country's largest trade exhibition, has faced a decline in both trade volume and attendance over ...

    http://www.scmp.com/news/china/article/1581360/guangdong-talks-role-maritime-silk-road-boost-trade-asean

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