Economy of the United States

Fears of a lull as economic growth wanes in Japan

Slowing exports could weigh down the economy further, setting the stage for more monetary easing.

Japan's economy expanded just 0.3 per cent in April-June, half the pace expected, fuelling concerns growth will continue to flag as a rebound in consumer spending starts to lose momentum and Europe's debt crisis weighs on global demand.

Tuesday, 14 August, 2012, 10:12am

Ex-Walmart workers in Shenzhen jump threat

Two former Walmart workers who were fired on Monday after a strike last week threatened to jump off a building in Shenzhen yesterday.

They climbed onto the roof of a warehouse in Walmart's distribution centre in the Pingshan New Zone at noon and threatened to jump if the company did not address their concerns.

12 Jul 2012 - 12:00am

Ask our experts

The expert panel addresses vexing questions of investor interest:

Carl Berrisford, analyst, UBS Wealth Management Research, is asked: Is the US finally recovering? If yes, what is the implication for Asian markets?

30 Jan 2012 - 12:00am

From the floorboards up

The Classic Car Club of Hong Kong will display more than 80 collectibles at its Chater Road Show on Sunday.

The event will feature classic Rolls-Royces, Mercedes-Benzes, Aston Martins, BMWs and Lotuses alongside a growing number of Japanese cars more than 20 years old.

4 Nov 2011 - 12:00am

VE Day drives rally in HK equities; mainland next up

A breakthrough! An agreement was struck last week by euro-zone leaders to dramatically cut Greek debt - largely due to a long overdue plan to force investors to take a 50 per cent loss on Greek government bonds. The deal promised to seal Greece's debt crisis. Equity markets soared globally, with the Hang Seng Index up 11 per cent for the week.

31 Oct 2011 - 12:00am

Developers give wrong data on assets and debts

Mainland developers, including Hong Kong-listed Evergrande Real Estate Group, have been criticised by the Ministry of Finance for providing inaccurate information about asset values and underpaid taxes.

13 Oct 2011 - 12:00am

Solution to global economic crisis lies a lot closer to home

Officials at China's Ministry of Finance gave their counterparts in the United States and Europe a stern ticking off last Friday.

'We should urge major developed countries to maintain financial stability,' they said in a statement, calling on rich world governments to boost growth while reducing their budget deficits.

26 Sep 2011 - 12:00am

Only Europe can solve its debt crisis

China has a vital interest in preserving the stability of the euro zone amid a sovereign debt and banking crisis. And it has the means to buy up debt to boost market confidence.

16 Sep 2011 - 12:00am

Children are welcome

When it comes to plush accommodation and superb recreational facilities, the Empire Hotel & Country Club (EHCC) in Brunei meets the highest international standards.

But along with pampering jet-setting executives and wealthy travellers, the resort also rolls out a special welcome mat for children.

7 Sep 2011 - 12:00am

China piles up yet more US debt

Beijing lifted its holdings of US Treasury securities in June, reigniting debate about the use of China's US$3.2 trillion in foreign reserves following the recent downgrading of America's long-term debt.

17 Aug 2011 - 12:00am

American Wheels, Chinese Roads: The Story of General Motors in China

American Wheels, Chinese Roads: The Story of General Motors in China by Michael Dunne Wiley

14 Aug 2011 - 12:00am

Poor ratings don't add up

The decision and reactions to Standard & Poor's announcement that it was downgrading the United States credit rating from AAA to AA-plus is continuing proof of the mess that the global economy is in, with bets being taken on the prospects of a double-dip recession in the US and implosion of the euro and even of the European Union.

9 Aug 2011 - 12:00am

China's outrage over US downgrade fails to convince

Friday's downgrade of the United States' credit rating by Standard & Poor's has provoked a storm of reaction around the world, none of it very convincing.

8 Aug 2011 - 12:00am

Why the bitter pill of recession can be a tonic for economies

Investors have been looking for safe havens to park their cash after figures earlier this week pointed to a dangerous slowdown in the US economy at a time when Europe's debt problems appear to be engulfing big economies like Italy and Spain.

SCMP, August 5

7 Aug 2011 - 12:00am

Being big brings big trouble

With more than 2 million full-time employees, the behemoth monopoly that is the Ministry of Railways is easily one of the largest business entities in the world.

To put that in perspective, the world's biggest company, Wal-Mart Stores, has about 2.1 million workers.

7 Aug 2011 - 12:00am