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  1. Sacked Wall Street staff spotted clamouring for work behind bars

    Posted Nov 25th 2008, 12:00am by Staff Reporter

    ... Rong Xiaoqing New York It's not easy to exaggerate the significance of the role Wall Street plays in the city. Not only does the financial sector usually contribute at least 10 per ... become routine on Wall Street and tens of thousands get their pink slips, it does not take long for real estate agents and jewellery dealers to start missing their deep-pocketed patrons. ...

  2. Banking on time deposits

    Posted Sep 23rd 2008, 12:00am by Staff Reporter

    ... Rong Xiaoqing New York With its supporting pillars falling one after another, Wall Street was in panic mode last week. From bankers to push-cart vendors, much of the city has been trying ... is the community it helps to build. '[The Wall Street crisis] is a wake-up call to make people aware that money is not everything,' she said. 'It's not how much money you have, ...

  3. Wall Street's private Santa

    Posted Dec 20th 2008, 12:00am by Staff Reporter

    ... the first in line? Defenders of Wall Street often claim its meltdown originated in wrong-headed government policies that encouraged banks to provide housing loans to unqualified homebuyers. Let's pretend for a second that the packaging and then the selling of derivatives from such lousy loans had nothing to do with Wall Street's financial engineers. But surely the mismanaging ...

  4. Wall Street sends signal for Asia to be on guard

    Posted Sep 24th 2008, 12:00am by Staff Reporter

    ... The demise of the great investment banks on Wall Street marks the end of an era of excessive leverage. No doubt some people will feel nostalgic, but the world will be the better for it. ... is in for a rough ride because of American mismanagement of its financial institutions. The financial turmoil that originates in Wall Street has delivered a wake-up call, prompting everyone to redefine ...

  5. The end of Wall Street as the bankers knew it

    Posted Sep 16th 2008, 12:00am by Tom Holland

    ... portfolio, will exacerbate market volatility and further drive down prices across the board. That will erode the value of assets on the balance sheets of other Wall Street houses. Clearly Merrill ... that should help Wall Street's remaining investment banks overcome any temporary liquidity problems. Whether they will able to survive in their present form over the longer term is doubtful, ...

  6. Real meltdown is in the Arctic, not on Wall Street

    Posted Oct 07th 2008, 12:00am by Gwynne Dyer

    ... Gwynne Dyer Scientists have their own way of putting things. This is how Oerjan Gustafsson of Stockholm University, announced the approach of a climate apocalypse in an e-mail sent recently from the Russian research ship Jakob Smirnitskyi in the Arctic. & ...

  7. Mainland executive salaries close in on Wall Street levels

    Posted May 02nd 2008, 12:00am by Ben Kwok

    ... Ben Kwok More than 30 top managers draw wages exceeding 10m yuan More than 30 top executives at leading Chinese corporations each took home pay cheques in excess of 10 million yuan (HK$11.16 million) last year, a clear sign that mainland executive salaries are catching up with levels in Wall Street and the City of London. A salary survey by the South China Morning Post ...

  8. Sovereign funds save Wall Street amid fears of sinking situation

    Posted Feb 12th 2008, 12:00am by Nick Westra

    ... Nick Westra While mounting subprime losses and credit concerns have threatened to sink the global market, some say the situation could have been even worse if Wall Street had not been ... in the world, after they both reported massive fourth-quarter losses. The two Wall Street giants have grown accustomed to such partnerships as Merrill in December last year said it had struck a deal ...

  9. Journal readers to get luxury lifestyle read

    Posted Mar 26th 2008, 12:00am by Staff Reporter

    ... with the Hong Kong Economic Times on both the advertising and editorial fronts. The new monthly, the Life Style Journal, will hit the street this Friday and come free with the Economic Journal ... Frederick Yeung Chinese-language business newspaper the Hong Kong Economic Journal will launch a monthly magazine this week to tap into the luxury-brand market and serve the paper's ...

  10. wall clocks

    Posted Mar 30th 2008, 12:00am by Dora Chan

    ... 6377. 4. NeXtime Focus, HK$598, from Homeless, 29 Gough Street, Central, tel: 2581 1880. 5. Potato featuring illustration by Carrie Chau, HK$320, from Wun Ying Collection, 7 Gough Street, tel: ...




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