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  1. News - Hong Kong - ECONOMY

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

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

    ... 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 ... from 2016 to make savings of up to HK$6 billion. But Tsang emphasised that the move would not result in an overall drop in public spending. "The government is not cutting expenses; our ...

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

    Australian growth outlook uncertain, says central bank

    Posted Aug 20th 2014, 01:18am by BLOOM

    ... of more expensive fixed-rate and discount variable-rate loans," the RBA said. Private reports last week also showed business and consumer confidence improved to the highest since the budget ...

    http://www.scmp.com/business/article/1577240/australian-growth-outlook-uncertain-says-central-bank
  3. Business - Economy - ECONOMY

    African lions hope to emulate economies of Asian tigers

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

    ... Ghanaian Sebastian van Leeuwen, who co-owns a property rental company and cleaning business, said. "The market is less saturated and there is less competition." ...

    http://www.scmp.com/business/economy/article/1566550/african-lions-hope-emulate-economies-asian-tigers
  4. News - Hong Kong - ECONOMY

    Restaurants serving locals keep up sales amid drop in tourist spending

    Posted Aug 01st 2014, 04:03am by Amy Nip

    ... food outlets also did well, with receipt volumes up 5.4 per cent. Yeung noted that Xi's curbs discouraged mainland companies from hosting expensive dinners in the city. Many mid-range ...

    http://www.scmp.com/news/hong-kong/article/1563780/restaurants-serving-locals-keep-sales-amid-drop-tourist-spending
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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

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