• Thu
  • Jul 31, 2014
  • Updated: 5:49am

Global economy

Amid global gloom, cities can spark growth

This week, the International Monetary Fund and the World Bank are holding their Annual Meetings in Tokyo. The mood has already been set by the downgrading of growth forecasts.

Saturday, 13 October, 2012, 5:15am

China sets up new department to flex economic muscles for global goals

The Foreign Ministry has set up a new agency to manage "economic diplomacy" in yet another sign that China intends to continue flexing its economic muscle to pursue its international goals.

10 Oct 2012 - 4:33am

IMF and World Bank leaders lack imagination

Memo to International Monetary Fund ministers: is your journey to Japan really necessary?

10 Oct 2012 - 3:39am

HSBC lays off middle managers at Hong Kong investment banking unit

HSBC quietly laid off a number of investment bankers in Hong Kong yesterday, as Europe's biggest lender by assets continues to trim non-traditional banking businesses hit by weak demand.

9 Oct 2012 - 8:55am

World economy can't afford China-Japan dispute, says Lagarde

International Monetary Fund chief Christine Lagarde has warned China and Japan that the shaky global economy could not afford to have the two nations embroiled in a territorial dispute after Chinese banks withdrew from the fund's annual meeting in Tokyo.

4 Oct 2012 - 4:33am 1 comment

Health and economic fallout from climate change is already here, study says

Climate change is already contributing to the deaths of nearly 400,000 people a year and costing the world more than US$1.2 trillion (HK$9.3 trillion), wiping 1.6 per cent annually from global GDP, according to a new study.

30 Sep 2012 - 1:43am

Taking banking to the people

The 2008 financial crisis highlighted the importance of finance for the globalised economy. But 2.5 billion people worldwide still lack access to formal banking services, credit facilities or savings instruments. Bringing this largely ignored "missing market" into the formal financial system would enrich and strengthen the global economy.

27 Sep 2012 - 2:36am

Forecasts throw doubts over global prospects: official

Prospects for the global economy remain uncertain in the face of lower growth forecasts, a senior mainland transport official said yesterday.

21 Sep 2012 - 2:46am

Why global saving patterns differ

Ever since the integration of emerging markets into the global economy began in the early 1990s, three striking trends have emerged: a divergence in private savings rates between the industrialised core and the emerging periphery (the former experiencing a steady decline, and the latter a sharp rise); large global imbalances between the two regions; and a drop in interest rates worldwide.

17 Sep 2012 - 1:29am