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  • September 24, 2014
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  1. World Bank cuts mainland growth forecast to 9.6pc

    Posted Feb 05th 2008, 12:00am by Tom Miller

    ... the central bank's annual target. Although Mr Kuijs said there was little evidence of higher food prices spilling over into general inflation, fears of spiralling prices meant the government ...

  2. Record crop yields likely to stem food inflation

    Posted Dec 03rd 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com The mainland's grain output rose 4.5 per cent this year to a record 571.21 million tonnes, with corn output beating expectations, the National Bureau of Statistics said. The bumper harvest will help ease infl ...

  3. World Bank prescribes higher rate and yuan rise to beat overheating

    Posted Nov 16th 2007, 12:00am by Tom Miller

    ... in its half-yearly update on East Asia and the Pacific. 'The authorities are rightly aiming at avoiding excess demand and the spill-over of high food prices into generalised inflation, ... next year. The biggest external risk to the economy remains a significant slowdown in the global economy caused by high oil prices and the continuing fall-out from the subprime mortgage crisis ...

  4. Addicted to Gulf oil

    Posted Nov 15th 2007, 12:00am by Michael Richardson

    ... meet in Saudi Arabia this weekend, it will underline Asia's increasing reliance for vital oil supplies on the politically volatile Middle East. The summit, only the third in the 47-year history of Opec, will seek long-term assurances of demand for its oil. Only then will the cartel be prepared to invest in new production capacity. The US and Europe are trying to cut dependence ...

  5. The global oil industry

    Posted Sep 04th 2005, 12:00am by Staff Reporter

    ... Trevor Willison A five-minute primer on an issue making headlines Hurricane Katrina had a huge impact on the US economy and the prices of fuel at the pump. Why are oil prices so volatile? ... and supply in the short term; rate of investment in the longer term. If investment is not timely, supplies could be limited in the longer term, raising prices. If oil traders think ...

  6. Costly oil puts pressure on fuel price rise

    Posted Nov 12th 2007, 12:00am by Eric Ng

    ... Eric Ng in Beijing Mainland grapples with losses at energy firms, tightening supply and inflation As the price of the West Texas Intermediate (WTI) crude oil benchmark hovers a few dollars ... fuel prices is mounting by the day. So far this year, the nation's economic growth, led by fixed-asset investments and industrial output, has defied spiraling international oil prices, ...

  7. Oil and gold at historical highs as dollar slides

    Posted Oct 30th 2007, 12:00am by Staff Reporter

    ... Cameron Dueck Commodity prices rose sharply yesterday, with fears of Middle East instability and the threat of inflation pushing oil and gold to historical highs as the US dollar continued ... a 47-year high and is now worth more than the greenback. Crude oil for December delivery rose as much as US$1.34 to US$93.20 in electronic trading in New York. Gold rose to a 28-year high ...

  8. We're staring down the US$100 oil barrel

    Posted Jun 05th 2004, 12:00am by Michael Preiss

    ... Michael Preiss FOR THE PAST 30 years, the price of oil has been the single most important determinant of the world's economic health. Now that supply is being overtaken by demand, just how important a role it plays will soon be very clear. This year alone, the International Energy Agency estimates that global demand for oil is set to increase by 1.95 million barrels ...

  9. Rising oil prices unlikely to have much impact on economy: report

    Posted Jun 14th 2004, 12:00am by Judy Ngao

    ... JUDY NGAO Updated at 6.50pm: Rising oil prices are not likely to have much impact on Hong Kong's economy this year, Deutsche Bank says. In its Emerging Markets Monthly report for June, the bank was upbeat about the economy. 'Oil price hikes will have a limited impact on Hong Kong,' it said. The bank estimated that among Asian economies, Hong Kong's ...

  10. Don't panic about oil- just yet

    Posted May 27th 2004, 12:00am by Tony Latter

    ... Tony Latter Leading finance ministers meeting in New York on Sunday voiced concerns about high oil prices and possible supply shortages; prices have risen by 40 per cent in US dollar terms ... of 1973 was followed by a severe bout of stagflation around the world- recession accompanied by uncomfortably rapid inflation. But there are differences. First, in magnitude: in 1973, oil prices ...




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