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  • July 14, 2014
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  1. News - China - ECONOMY

    Local government debt show signs of improving

    Posted Jun 24th 2014, 07:48pm by Keith Zhai

    ... and corruption persisted in some departments and state enterprises despite President Xi Jinping's nationwide crackdown on graft. Together, their audited expenses accounted for 154 billion yuan ...

    http://www.scmp.com/news/china/article/1539727/chinas-audit-central-government-budget-uncovers-array-problems
  2. Business - Economy - ECONOMY

    US Federal Reserve prepares to keep balance sheet near records

    Posted Jun 13th 2014, 05:57am by Bloomberg

    ... spark an abrupt increase in long-term interest rates, making it more expensive for consumers to buy goods on credit and companies to invest, according to James Bullard, president of the Federal ...

    http://www.scmp.com/business/economy/article/1531067/us-federal-reserve-prepares-keep-balance-sheet-near-records
  3. Business - Economy - ECONOMY

    BOJ mulls big balance sheet after CPI target

    Posted Jun 13th 2014, 05:57am by Bloomberg

    ... an abrupt increase in long-term interest rates, making it more expensive for consumers to buy goods on credit and companies to invest, according to James Bullard, the president of the Federal ...

    http://www.scmp.com/business/economy/article/1531064/boj-mulls-big-balance-sheet-after-cpi-target
  4. News - Hong Kong - ECONOMY

    Slump in luxury sales offers little hope rents will become affordable for small shop owners

    Posted Jun 04th 2014, 11:16pm by DENISE TANG

    ... would be steepest in Causeway Bay, the world's most expensive shopping district in terms of property prices. "Obviously, there have been more vacant shops in Causeway Bay than other ...

    http://www.scmp.com/news/hong-kong/article/1525540/slump-luxury-sales-offers-little-hope-rents-will-become-affordable
  5. News - Hong Kong - ECONOMY

    Li Ka-shing’s rumoured plan to reduce investments ‘could damage Hong Kong’

    Posted May 09th 2014, 11:41pm by Sandy Li and Peggy Sito

    ... "The development of small-to-medium-sized enterprises has been affected by high rentals," the report added. Political commentator Johnny Lau Yui-siu said: "It is academic research. ...

    http://www.scmp.com/news/hong-kong/article/1508724/li-ka-shings-rumoured-plan-reduce-investments-hong-kong-could-hurt
  6. Business - Economy - ECONOMY

    Germany's selfishness hangs over its weaker euro-zone partners

    Posted Mar 24th 2014, 04:45am by DAVID BROWN

    ... David Brown Germany's massive exports to the euro zone comes at the expense of its weaker partners and urgent change is needed to help bridge the gap Heroes and zombies The euro zone ... consumers save rather than spend. German industry exports its goods ruthlessly inside the single market, at the expense of its euro-zone partners. As German trade surpluses swelled, deficits ...

    http://www.scmp.com/business/economy/article/1455670/germanys-selfishness-hangs-over-its-weaker-euro-zone-partners
  7. Business - Banking & Finance - ECONOMY

    King Fook Securities becomes latest HK broker to close as volumes slump

    Posted Jul 18th 2013, 12:00am by Jeanny Yu

    ... the parent firm to exit the business. The 42-year-old firm has been losing money since 2009. "The firm could have survived under more favourable conditions but a surge in fixed rental and labour expenses forced us into an exit plan," said a King Fook spokeswoman. King Fook's stock surged 18 per cent yesterday after the announcement of the closure to finish at 67 HK cents. ...

    http://www.scmp.com/business/banking-finance/article/1284951/king-fook-securities-becomes-latest-hk-broker-close-volumes
  8. Business - Economy - ECONOMY

    Securities and Futures Commission runs up deficit

    Posted Oct 31st 2012, 12:00am by Enoch Yiu

    ... Center from Li Po Chun Chambers and Charter House. The SFC expects rental expenses to double to HK$200 million for the financial year to the end of March next year. "Under ... of roughly HK$180 million in rental expenses," the SFC said in a paper posted on the Legislative Council's website in March. ...

    http://www.scmp.com/business/economy/article/1073471/securities-and-futures-commission-runs-deficit
  9. Business - Economy - ECONOMY

    Financial Secretary John Tsang hints one-off budget relief measures may be withdrawn

    Posted Feb 10th 2014, 04:31am by JEFFIE LAM

    ... Kong for the challenges ahead as the population ages rapidly. "The cut in expenses will have to be across the board," the source said. Relief measures might also be cut for families ...

    http://www.scmp.com/business/economy/article/1424870/financial-secretary-john-tsang-hints-one-budget-relief-measures-may
  10. Business - China Business - ECONOMY

    China holiday sales grow at slowest in decade amid crackdown on graft

    Posted Feb 07th 2014, 02:54pm by Langi Chiang

    ... and jewellery products sold well. Sales of luxury gifts and alcohol fell 70 per cent in some shopping centres in Fuzhou, Fujian province. Sales of expensive cigarettes and alcohol at some retail outlets ...

    http://www.scmp.com/business/china-business/article/1422884/retail-spending-growth-china-during-lunar-new-year-holiday

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