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  1. 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
  2. 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

    ... Phila Siu phila.siu@scmp.com As a new minimum wage recommendation nears, an alternative Big Mac Index shows just how Hong Kong workers fare on the world stage Would you like a rise ... MISS: Hong Kong is multimillionaire capital of the world, says new study The level, which is reviewed at least every two years by the Minimum Wage Commission, headed by senior counsel Jat ...

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

    Top Communist Party official's inclusion on task force reflects China's economic concerns

    Posted Aug 21st 2014, 05:02am by Cary Huang

    ... Cary Huang cary.huang@scmp.com Top party official's new appointment suggests Xi is prioritising reform and development Liu's inclusion on task force reflects economic concerns The inclusion of top party official Liu Yunshan in an influential macroeconomy task force suggests the new leadership under President Xi Jinping has attached greater importance to economic work ...

    http://www.scmp.com/news/china/article/1577934/top-communist-party-officials-inclusion-task-force-reflects-chinas
  4. Business - Banking & Finance - ECONOMY

    French economist's long-forgotten demand theory gets its due after new US policy

    Posted Jun 30th 2014, 01:20pm by STEVE HANKE

    ... announced that it would start reporting a new data series as part of the US national income accounts. In addition to gross domestic product (GDP), the BEA will start reporting gross output (GO). ... according to Steven Kates, one of the world’s leading experts on Say, Keynes’ rendition of Say’s Law distorts its true meaning and leaves its main message on the cutting room floor. Say’s message ...

    http://www.scmp.com/business/banking-finance/article/1543497/french-economists-long-forgotten-demand-theory-gets-its-due
  5. News - Hong Kong - ECONOMY

    Hong Kong economy slows as stocks climb, property booms

    Posted Aug 15th 2014, 06:20pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Stark contrast as government cuts its growth target after drop in tourist spending- yet HSI breaks 25,000 and property hits historic peak Economy slows, stocks climb, property booms The Hong Kong government cut its growth target for the year yesterday after a disappointing second-quarter performance as stock and property market indicators reached new ...

    http://www.scmp.com/news/hong-kong/article/1574301/hong-kong-lowers-annual-growth-forecast-after-worst-quarter-2012
  6. Business - Economy - ECONOMY

    BOJ upbeat on outlook, despite weakness in exports and output

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

    ... that the world's third-largest economy is recovering but offered a bleaker take on exports and output, nodding to a recent batch of soft data that dashed hopes that overseas shipments will pick up in time ... factory survey showed new export orders grew modestly in July for the first time in four months. Adding to the gloom, the Nikkei-225 Index closed down 3 per cent yesterday on worries escalating ...

    http://www.scmp.com/business/economy/article/1569230/boj-upbeat-outlook-despite-weakness-exports-and-output
  7. Business - Economy - ECONOMY

    China’s July official services PMI dips to six-month low

    Posted Aug 03rd 2014, 02:23pm by Reuters

    ... Reuters in Beijing PMI figures dip to six-month low as new orders slow last month Mainland services growth weakens Growth in the mainland's services sector slipped to a six-month low in July as new orders rose at their weakest rate in at least a year, data showed, taking some of the shine off an industry that has been a bright spot in the economy this year. The official ...

    http://www.scmp.com/business/economy/article/1565516/chinas-july-official-services-pmi-dips-six-month-low
  8. Business - Economy - ECONOMY

    African lions hope to emulate economies of Asian tigers

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

    ... 2030, McKinsey said in a recent report. That would make it one of the world's top 20 economies, with a consumer base exceeding the populations of France and Germany. Africa's share ... 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
  9. Business - Economy - ECONOMY

    Property market cool-down drives HSBC China services PMI to lowest level ever

    Posted Aug 05th 2014, 10:09am by Reuters

    ... a recovery in the broader economy is still fragile and may need further government support. Weakness in new orders was also seen in an official services report at the weekend, which showed activity ... that economic uncertainty has made companies more reluctant to spend, a sub-index measuring new business growth hit a 68-month low of 50.3 in July. Stock markets in Hong Kong and Shanghai turned ...

    http://www.scmp.com/business/economy/article/1566785/property-market-cool-down-drives-hsbc-china-services-pmi-lowest
  10. News - Hong Kong - ECONOMY

    We're not cutting expenses, says finance chief John Tsang

    Posted Aug 04th 2014, 04:54am by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com Departments were asked to reduce spending growth by 1pc because of a slow economy and the cost of new services, John Tsang explains We're not cutting expenses, says finance chief The government asked bureaus to cut spending growth by 1 per cent a year because of a sluggish economy and the cost of new programmes in the past two years, the finance ...

    http://www.scmp.com/news/hong-kong/article/1565684/were-not-cutting-expenses-says-finance-chief-john-tsang

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