• Sat
  • Nov 1, 2014
  • Updated: 3:58am

Economy of Africa

Brazil offers Africa US$900m in debt relief

Brazil is increasingly expanding its economic ties with Africa, a sign of how crises in the rich world are pushing faster-growing emerging economies to trade and invest among themselves, economists say.

Monday, 27 May, 2013, 5:59am

Foreign aid for development projects is cut as African economies grow

Last year Western aid to sub-Saharan Africa quite literally decimated. Rich countries making up the Organisation for Economic Co-operation and Development (OCED) reduced assistance to the region by 10 per cent, the largest drop in 16 years.

27 May 2013 - 5:59am

Canary in China's coal mine stopped singing in January

Interpreting January's economic data from China is always tricky. There are too many distortions around the Lunar New Year holidays to draw conclusions with any confidence.

Even so, some of the numbers that have emerged over the last week are sufficiently ugly to have analysts seriously worried.

13 Feb 2012 - 12:00am

Cleaners and guards eating less as prices rise

One in two cleaners and security guards - the first low-paid sectors to receive a legal wage floor - say they are eating less because of rising food prices, a survey has found.

One in five said they bought food products about to expire - which usually carry a discount - to save money, the Friends of the Earth study found.

12 Sep 2011 - 12:00am

Food for thought

It is true that what and how you eat can change the planet.

30 years ago Ralf Oberbannscheidt's mother told him to finish everything on his plate because outside there were people starving in the world.

20 Jun 2011 - 12:00am

Consumer confidence high, despite inflation

Consumer confidence in Hong Kong rose to its highest level since 2008 despite concerns about surging food prices, according to a recent survey.

'The economy is doing really well. There is a lot of optimism because the unemployment rate is dropping and gross domestic product is very high. Now the concern is over prices,' said Oliver Rust, managing director of Nielsen.

21 May 2011 - 12:00am

Home buyers warned to be careful as flat prices surge past 1997 peak

Property prices have reached a historic high while real GDP leaped 7.2 per cent in the first quarter over a year earlier and 2.8 per cent from the previous quarter, new government figures show.

14 May 2011 - 12:00am

Beijing to buy vegetable markets in an attempt to stabilise food prices

Beijing's municipal government plans to invest in retail vegetable markets to strengthen its ability to stabilise prices.

The government will buy 10 vegetable markets and invest in another five in each of the city's 16 districts in an effort to 'fundamentally solve the problem of government control over vegetable retailing', the city's commerce commission said.

30 Apr 2011 - 12:00am

Ministries tackle sagging vegetable prices

The agriculture and commerce ministries yesterday issued emergency measures to help stabilise vegetable prices because farmers have started to dump low-value produce.

The Commerce Ministry said average prices of 18 vegetables had dropped by 16.2 per cent over the past three weeks.

24 Apr 2011 - 12:00am

Rising rent and food prices push annual inflation up to 4.6pc

Surging residential rents along with rising prices for seafood and cigarette prices have pushed the city's price levels to a new peak, and natural disasters have made matters worse.

Overall, consumer prices in March were 4.6 per cent higher than a year ago, larger than the year-on-year increase in February of 3.7 per cent.

22 Apr 2011 - 12:00am

Food prices hit record high, with no relief in sight

Food is more expensive than ever in Hong Kong, with average prices last year surpassing 1998's record levels by 14.5 per cent, according to the government's consumer price index.

Beef led the charge, with prices soaring 77.8 per cent in 12 years.

Canned meat was up 68.7 per cent, and poultry prices increased 59.5 per cent.

7 Mar 2011 - 12:00am

18pc of budget for farming to ensure food security

Central government spending on agriculture and rural development will approach one trillion yuan (HK$1.18 trillion) this year after growing by an average of more than 20 per cent a year over the past five years.

6 Mar 2011 - 12:00am

Mainland economy stays on recovery course

The mainland economy continued to recover last month as the expansion in industry and retail sales accelerated while capital investment maintained its strong momentum, official data released yesterday shows.

12 Sep 2009 - 12:00am

India and China thwart the agribusiness monster

Out of the failed World Trade Organisation talks has arisen a new arena for Sino-Indian co-operation. For the second time in recent history, India and China defied the west and forged a common stance on a vital international issue. The first was global warming; this time it was food.

4 Aug 2008 - 12:00am

Solutions to high cost of importing oil lie at home

Weekend efforts by energy ministers from the world's biggest oil- producing and -consuming nations to determine why prices are rising and to formulate an action plan were not wholly satisfactory. They blamed the increases on speculators and one another at a meeting on Sunday, while agreeing to greater co-operation; only one country, the host, Saudi Arabia, pledged to boost output.

24 Jun 2008 - 12:00am

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