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  • November 27, 2014
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  1. Flood control

    Posted May 06th 2011, 12:00am

    ... Frederic Neumann It wasn't what Asia, or indeed Hong Kong, wanted to hear. When Ben Bernanke, chairman of the US Federal Reserve, faced the media last week, he suggested that America's central bank will stay its course. Interest rates will thus remain at record lows until the US economy shows more convincing signs of a lasting turnaround. That may take some time. Data ...

  2. News - World - UNITED STATES

    McDonald’s sales fall again amid weakness in Asia

    Posted Feb 09th 2013, 07:36pm by Associated Press in New York

    ... around the world. Late last year, the company ousted the head of its US business after the sales figure dropped for the first time in nearly a decade. CEO Don Thompson, who took the top spot this summer, has vowed to add business by focusing on value while planning a series of new limited-time offers to attract customers. In the region encompassing Asia, the Middle East and Africa, ...

  3. Turmoil seen taking a toll on the economy

    Posted Apr 02nd 2004, 12:00am by Freda Wan

    ... doubtful the Taiwanese were about their economy. 'It's very sad the human capital of Taiwan is wanting to move,' he said. 'After the 2000 election in the US, business went ... foreign reserve estimate for the wealth held by Taiwanese people is US$400 billion. But I doubt very much that money will be floating back to Taiwan [in the near future],' Mr Lie said. ...

  4. More gains than losses for US from China, say authors

    Posted Apr 06th 2006, 12:00am by Staff Reporter

    ... that it is impossible for US businesses to compete against cheap mainland labour. Although average wages in the mainland are about 3 per cent of the US level, the book points out that on average mainland ... as other countries focus on higher-margin businesses. The book cites the example of notebook computers. In 2004, the US imported 11 million notebooks bearing 'Made in China' stickers. ...

  5. Pledge to keep the US dollar peg promises a volatile future

    Posted Mar 29th 2012, 12:00am

    ... Tom Holland A great sigh of relief went up from Hong Kong's business community yesterday, when incoming chief executive Leung Chun-ying said he wouldn't change the city's currency peg to the US dollar. Business bosses favour the peg because of the certainty they say it brings. But while they are surely right that the US dollar peg is better than the suggested ...

  6. HSBC shifts focus to Asia after North America slows profit rise

    Posted Mar 06th 2007, 12:00am by Staff Reporter

    ... business in the United States dragged profit growth to its lowest since 2002. The world's fourth-largest bank by market value said loan impairment charges surged 35.5 per cent to US ... in Asia and emerging markets, either through organic growth or acquisition, and by rolling out more products and strengthening its insurance business. Outside the US mortgage business, Mr Green ...

  7. Great leap towards China

    Posted Dec 03rd 2011, 12:00am

    ... Rick Gangwani Like many in the workforce solutions business, US-based ManpowerGroup clearly has its eyes set on China. If in doubt, just ask Jeffery Joerres, company chairman and CEO, who ... Asia is still in a very good position demographically, we have noticed that, as Western Europe and the US slow down, parts of our business are being affected- though only slightly. Given ...


    Posted Apr 26th 2005, 12:00am by Staff Reporter

    ... of the financial infrastructure in Hong Kong'. The clearing system, introduced in August 2000, enables real-time settlement of US dollar transactions during Asian business hours. Thes include ... reappointed as us dollar settlement house Hongkong and Shanghai Banking Corp yesterday won a second five-year term as settlement institution for the US dollar clearing system operated in Hong Kong. ...

  9. Business - Banking & Finance - EXPANSION

    Royal Bank of Canada targets Asian wealth

    Posted Oct 15th 2012, 12:00am by Lulu Chen

    ... wealth-management business will reach US$2 billion by 2015 from US$800 million in 2010, when it first drafted its strategy. "A large part of that growth is underpinned by investments in emerging ... quality for client managers in Hong Kong because the business was targeting wealthy mainlanders. Client managers generally were expected to bring in or develop between US$100 million and US ...

  10. Dollar peg fits nicely with Hong Kong's way of life

    Posted Jun 14th 2012, 12:00am

    ... because Hong Kong was more closely aligned with the global and US business cycle than that of the mainland. In fact, Yam, former head of the Hong Kong Monetary Authority and now a Chinese ... to Beijing's rule and with the help of the central government, won a currency battle against global speculators, including billionaire business magnate George Soros, to defend the dollar. The question ...




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