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  • Aug 31, 2014
  • Updated: 9:37am

Economic Disasters

Money troubles still giving ailing world the blues

Iceland - Recovery success

Tuesday, 26 June, 2012, 12:00am

Beijing cuts lenders' reserve ratio

The central bank moved to stimulate the economy yesterday by lowering by half a percentage point the proportion of cash banks must hold in reserve against bad debts.

Growth on the mainland has slowed more rapidly than forecast, and economists warned that cutting the banks' reserve requirement ratio (RRR) might not be a big help amid weakening demand for capital.

13 May 2012 - 12:00am

Luck running out Down Under

Hongkongers like Australia - they buy its government bonds and its mining shares, and there is a long-standing enthusiasm for deposits linked to the Aussie dollar.

There has been, through the years, a magical confluence of factors that make the Lucky Country a favoured destination for investor dollars: high interest rates, a strong currency and a booming economy.

13 Feb 2012 - 12:00am

Asia seen better bet than US or Europe

Asian markets are the safe bet for investors this year as the United States struggles to get back on the rails and Europe grapples with a debt crisis, economists say.

Recovery in the US will continue to be weak despite signs consumption may be picking up and balance sheets are improving.

17 Jan 2012 - 12:00am

House prices rise despite steps

New house prices rose moderately month on month in April in 57 out of 70 mainland cities despite government efforts to cool the residential property sector, although volumes fell.

19 May 2011 - 12:00am

Home sales and prices down as cooling measures pay off

Home sales and prices fell sharply on the mainland last month as buying sentiment cooled in the wake of the central government's continued nationwide policy measures to curb demand in the housing market.

12 May 2011 - 12:00am

2009 GDP revised up, 2010 forecast down

The central government has revised up last year's gross domestic product growth figure by 0.4 percentage points to 9.1 per cent, but economists at brokerage Goldman Sachs reduced its economic forecast for this year after evidence of a slowdown surfaced.

3 Jul 2010 - 12:00am

Mainland workers' sacrifices won't be soon rewarded

Honda Lock's recruitment advertisements were everywhere on the streets of Xiaolan town yesterday, and workers said they had seen a large recruitment sign in front of the factory offering monthly salaries as high as 2,000 yuan (HK$2,280).

Workers said they did not believe the offer was genuine.

15 Jun 2010 - 12:00am

Shanghai index seen at 2,500 points this year

Mainland stocks crashed below the psychologically important 3,000-point level yesterday to close at a five-week low as a leading brokerage predicted the key index would drop another 16 per cent amid worries of monetary tightening.

Investors are cashing out as they bet the market's 80 per cent jump last year that was buoyed by a massive stimulus package could not be repeated.

16 Mar 2010 - 12:00am

US envoy fails to meet Korean leader

United States envoy Stephen Bosworth ended his three-day trip to North Korea this week. He was hoping to bring Pyongyang back to talks about the country's controversial nuclear programme. Korea's leader Kim Jong-il was out of town at the time. Meanwhile, the reclusive state has said it has nine cases of swine flu, but South Korea claims many people have died of the disease in the north.

11 Dec 2009 - 12:00am

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