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  • July 24, 2014
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  1. News - China - ECONOMY

    Xi Jinping departs for South America tour

    Posted Jul 13th 2014, 11:15am by AFP, Reuters

    ... a long-discussed move that is intended to rival Western-dominated institutions such as the World Bank. China's commercial hub, Shanghai, is in the running to provide the headquarters of the new bank, ...

    http://www.scmp.com/news/china/article/1553212/chinas-leader-xi-jinping-departs-south-america-tour
  2. News - Hong Kong - ECONOMY

    Political tensions could undermine Hong Kong as China's top financial centre: Joseph Yam

    Posted Jun 23rd 2014, 11:36pm by Cannix Yau and Enoch Yiu

    ... as the middle man, from being marginalised". Referring to rising competition from Shanghai as it becomes a free-trade zone and from other regions running offshore yuan centres, he says: "Hong ...

    http://www.scmp.com/news/hong-kong/article/1539240/political-tensions-could-undermine-hong-kong-top-financial-centre
  3. Business - Economy - ECONOMY

    Outsized conglomerates weigh on Korea's growth

    Posted Jun 25th 2014, 02:37am by William Pesek

    ... But Samsung's outsized role in Korea makes the old axiom about General Motors- as GM goes, so goes America- seem quaint. Samsung remains the core of Korea's family-run conglomerates, or chaebol. ...

    http://www.scmp.com/business/economy/article/1539898/outsized-conglomerates-weigh-koreas-growth
  4. News - Hong Kong - ECONOMY

    Impact from cutting number of mainland tourists ‘only short term’, says think tank

    Posted Jun 12th 2014, 07:18pm by Johnny Tam

    ... Johnny Tam johnny.tam@scmp.com Think tank director says the impact of a 20 per cent cut in individual travellers will be significant in short term, but not in long run Impact of cut in solo tourists 'limited' Cutting the number of solo travellers to Hong Kong will hinder the city's economic growth but only in the short term, according to a think tank's ...

    http://www.scmp.com/news/hong-kong/article/1530931/economic-impact-reducing-mainland-tourist-numbers-hong-kong-only
  5. Business - Economy - ECONOMY

    Military coup raises fears over Thailand's sick economy

    Posted Jun 09th 2014, 03:29am by AFP

    ... of the economy and appointed the navy commander to oversee tourism. Experts say the last putsch, in 2006, showed that soldiers lacked the expertise to run the economy. "The military government ...

    http://www.scmp.com/business/economy/article/1528208/military-coup-raises-fears-over-thailands-sick-economy
  6. Business - Economy - ECONOMY

    High Noon for ECB

    Posted Jun 02nd 2014, 03:07am by DAVID BROWN

    ... is "High Noon" for the European Central Bank (ECB). Thursday's monetary policy meeting should see new easing measures pulled from the hat. Expectations are running high. The odds ... to a one-trick pony. Only the ECB is left to fill the gap and lift the euro zone from the doldrums. Major hopes are being pinned on the ECB this week. Front-running favourites for new policy initiatives ...

    http://www.scmp.com/business/economy/article/1523419/high-noon-ecb
  7. Business - Economy - ECONOMY

    Time for Asia to tighten monetary policy

    Posted Jun 04th 2014, 05:08am by ROB SUBBARAMAN

    ... longer-sighted as financial cycles typically run to 16 to 20 years, versus business cycles at eight to 10 years. That will also lead to greater emphasis being placed on financial stability risks ...

    http://www.scmp.com/business/economy/article/1524838/time-asia-tighten-monetary-policy
  8. Business - Economy - ECONOMY

    BOE refuses to budge as data points to higher rates

    Posted May 26th 2014, 05:06am by DAVID BROWN

    ... at their spendthrift best. Retail spending is running at its fastest pace in a decade- up 7.7 per cent from a year ago last month. Britain's high street is booming. And that is happening at the same time ... with borrowing rates running close to zero. They have a "spend, spend, spend" attitude that will trigger higher inflation and even higher rates down the line to tame it. Inflation risks are far ...

    http://www.scmp.com/business/economy/article/1519498/boe-refuses-budge-data-points-higher-rates
  9. Business - Economy - ECONOMY

    Australia faces currency dilemma

    Posted May 12th 2014, 02:58am by DAVID BROWN

    ... into a higher gear. The US and British economies are speeding up, with growth running upwards of 3 per cent. Abenomics seems to have turned the key for Japan's long overdue recovery. The euro-zone ...

    http://www.scmp.com/business/economy/article/1509918/australia-faces-currency-dilemma
  10. Business - Economy - ECONOMY

    US records strong rise in April employment

    Posted May 03rd 2014, 04:00am by Bloomberg

    ... is perking up after stagnating in the past quarter. "The job market is starting to click on all cylinders- the engine is not running very fast, but all cylinders are moving," Robert Stein, ...

    http://www.scmp.com/business/economy/article/1502994/us-records-strong-rise-april-employment

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