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  • April 16, 2014
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  1. Chinalco in talks to buy assets from Rio Tinto

    Posted Feb 03rd 2009, 12:00am by Carol Chan

    ... on prices. Rio Tinto, forced to halve spending and cut 14,000 jobs to counter the global recession, on Friday said it would sell potash assets for US$850 million and its Corumba iron ore mine ... per cent as the financial turmoil and recession fears sparked a plunge in metals prices. Despite this, Chinalco in November said it might lift its stake in Rio Tinto to 14.99 per cent, adding ...

  2. Fallout tipped to hit HK early in new year

    Posted Oct 11th 2008, 12:00am by Dennis Eng, Paggie Leung

    ... into a recession,' City University economics professor Stephen Cheung Yan-leung said. 'I'm not optimistic.' He said small- and medium-sized enterprises would face difficulties amid a slumping ... into a deep downturn or even recession, prolonging the tough times for Hong Kong's trade sector - the industry that employs the most workers. 'Major real estate agencies have also started ...

  3. Central office rents to fall by half, says Merrill

    Posted Oct 30th 2008, 12:00am by Yvonne Liu

    ... 'Central office rentals are expected to fall because of weak office demand amid the global recession and increased supply from spaces vacated by relocating tenants to decentralised locations, ... will be cut to 180 from 240. Its subsidiary, Ricacorp Properties - employing 1,000 people - has laid off more than 200 since June and plans to close 25 branches. Room to spare Global recession ...

  4. Storm clouds over restaurants

    Posted Oct 22nd 2008, 12:00am by Staff Reporter

    ... Tim Bryan London The sunny weather has gone and the autumn storms are sweeping in, adding to the economic gloom of what is shaping up to be a scary recession in the British capital. ... 'The best will be fine,' Mr Harden said. 'Recessions are like guidebook editors - they cross out bad restaurants.' Shops are discounting heavily. There could be more bargains ...

  5. Marketers start to 'think smart'

    Posted Mar 04th 2009, 12:00am by Neil Runcieman

    ... Neil Runcieman Recession is a virtual guarantee of cutbacks, cancelled projects and, inevitably, layoffs, especially for marketing professionals in companies or with agencies trying ... why companies must not cut marketing budgets during a recession. Statistically, the experts argue, companies that reduce their marketing spend during the average 11-month duration ...

  6. BOOK (2000)

    Posted Jul 11th 2010, 12:00am by Richard James Havis

    ... the recession has changed the public's perception of branding: showing one's affluence by flashing a logo has become a social gaffe. The BP oil spill has done much to encourage the public ...

  7. Sanmina deal to help Lenovo expansion

    Posted Jun 09th 2008, 12:00am by Staff Reporter

    ... billion, management is actively looking for new acquisition opportunities,' wrote analyst Joseph Ho of Daiwa Institute of Research in a recent report. Despite fears of a recession in North ...

  8. Profession stays on even keel

    Posted Oct 10th 2009, 12:00am by John Cremer

    ... John Cremer Aclaim long made by accountancy firms is that their profession is close to recession-proof. Other sectors, the argument goes, ride the ups and downs of the economic cycle, ... of life are now reappearing in the initial public offering market and for other transactions. 'Evidence suggests [the economy] will come out of this recession quite slowly and painfully, ...

  9. Nomura sheds 20 HK staff in investment banking division

    Posted Apr 17th 2009, 12:00am by Staff Reporter

    ... recession depresses capital markets and corporate activity. UBS cut 100 staff in its wealth management department in Hong Kong on Tuesday as well as 100 private bankers in Singapore and another 40 ...

  10. Firms expect downturn to last two years

    Posted Jan 17th 2009, 12:00am by Dennis Eng

    ... the business environment had worsened since the survey was conducted. Given the deepening recession and uncertain outlook, the findings did not surprise, with 76 per cent of respondents saying ...




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