• Sun
  • Dec 28, 2014
  • Updated: 8:06pm

Business Cycle

Euro-zone economy shrinks despite German growth

The euro zone's debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out.

Wednesday, 15 August, 2012, 1:33am

It's too easy to blame the shifty-eyed speculators

The Kay report is concerned about short-termism because, in Britain, hedge funds, high frequency traders and proprietary traders account for 72 per cent of market turnover, but roughly one third of shareholding ownership. It is their short-term behaviour that drives prices and there is concern that it creates bubbles far beyond fundamental value.

15 Aug 2012 - 11:07pm


Monday, January 9: Hong Kong Securities Institute lunch: 'Pension funds in China'. Hong Kong Securities Institute.

Tuesday, January 10: French Chamber of Commerce breakfast: 'What is unique about the Chinese luxury market and makes it immune to recession?' American Club.

7 Jan 2012 - 12:00am

Be ready for Europe fallout, I.M.F. tells HK

The Hong Kong government should be ready with a range of contingency measures if the global economic outlook continues to worsen, the International Monetary Fund said yesterday.

10 Dec 2011 - 12:00am

Bulls running out of puff in China

Economists are getting their crystal balls out early this year, and the outlook for the mainland and Hong Kong is decidedly dimmer.

30 Nov 2011 - 12:00am

HK just avoids recession, but exports down

Hong Kong narrowly escaped a recession, with its economy growing 0.1 per cent in the third quarter from the previous three months.

Low unemployment and continued growth in visitors from the mainland meant consumption held up, but the euro-zone debt crisis dragged exports down.

12 Nov 2011 - 12:00am

9.94m urban jobs created, beating target

Significantly more jobs have been created in mainland cities this year than in 2010 as the world's second biggest economy shrugged off slowing economic growth and a rise in the minimum wage.

26 Oct 2011 - 12:00am

The only thing we can be certain of is the uncertainty

Hong Kong equities last week staged their own passion play, with persecution, near death and, finally, a resurrection.

The comeback on Thursday-Friday - following Wednesday's market close for the Chung Yeung Festival - more than made up for the Hang Seng Index's plunges on Monday and Tuesday.

10 Oct 2011 - 12:00am

Threat to mainland business unlikely to hit spending

The looming threat of mainland corporate failures is unlikely to have a big impact on visiting shoppers' spending habits, according to a survey by the Trade Development Council.

The survey found that consumer confidence remained high in inland cities, and more than 80 per cent of the country's urban dwellers were more willing to spend than they were three years ago.

5 Oct 2011 - 12:00am

The state of the region

If you were simply to read the financial pages, you would see a world careening from crisis to crisis. It is a gloomy perspective, often given an alarmist spin. But finance is an abstraction - and the media's version is an abstraction of an abstraction. Behind the indices, tickers, algorithms, symbols, derived values and theoretical profits, there is the 'real economy'.

3 Oct 2011 - 12:00am

Euro zone crisis a reminder for HK

A telling moment amid the mounting economic uncertainty was the sight of the US joining China in calling on debt-stricken Europe to put its house in order. It is not long, after all, since the US bore the brunt of Beijing's concerns and criticism.

30 Sep 2011 - 12:00am

Trouble with the bubble

Is the Chinese economic bubble about to burst? Indeed, is what we are seeing in China even a bubble? These hotly debated issues notched up a tick last week when it was revealed that Chinese manufacturing growth had fallen to its lowest level in two years.

In fact expansion was so minimal that it was only slightly above the level where a contraction would have been indicated.

11 Jul 2011 - 12:00am

Time running out for Kan

Tomorrow is an historic day for Naoto Kan: he will have survived for a year as Japan's prime minister. But in the increasingly bizarre world of Japanese politics, he has survived only by promising that he will leave office soon. Now the squabbling has begun over when exactly 'soon' occurs, with spreading damage to an already fragile economy.

7 Jun 2011 - 12:00am

Ask our experts

After a 10-year bull run, recent trading sessions saw commodities being sold off sharply. A panel of experts weighs in.

Betty Tsui (deputy CEO for UBS Wealth Management, Hong Kong)

What do you make of commodities' recent price drops?

16 May 2011 - 12:00am

Property bubble builds as we price our boom for gloom

Our property section on Wednesday featured a revealing contrast of optimism and pessimism, one that goes some way to explaining why we are in such a fix on housing costs at the moment.

On page 4, it featured three headlines - (1) Huge demand sustains Bangkok boom, (2) Property mania brewing in Malaysia, and (3) Singapore prices to keep rising.

9 Sep 2010 - 12:00am