• Wed
  • Apr 23, 2014
  • Updated: 11:35pm

Recession

Number of evictions in Spain a record high in 2012

Eviction procedures in Spanish courts for unpaid mortgages and rent hit a fresh high last year, an oversight body said, as a sharp economic downturn and record unemployment continued to take a toll.

Wednesday, 27 March, 2013, 6:06am

Recession, high property prices not signs of market failure

Live and learn. When I was in school, I learned in physics that there can only be one pivot in any pivotal operation, and I learned in economics that the pivot of market operations is price.

28 Feb 2013 - 5:02am 6 comments

Japan's GDP fall boosts Abe's case for stimulus

Japan's economy unexpectedly shrank in the past quarter as falling exports and a business investment slump outweighed improved consumption, bolstering Prime Minister Shinzo Abe's case for more monetary stimulus to end deflation.

15 Feb 2013 - 6:06am

EU climbing out of crisis

European leaders declaring they have gained the upper hand in the three-year-old debt crisis are sharpening efforts to channel a rebound in financial markets to an economic recovery to chip away at soaring unemployment.

15 Jan 2013 - 4:16am

UK house prices fall amid weak economy

Britain's house prices declined last month and may fall "modestly" this year, because of a weak economic recovery, Nationwide Building Society said.

The average cost of a home slipped 0.1 per cent to £162,262 (HK$2.05 million), the lender said yesterday. From a year earlier, values fell 1 per cent.

4 Jan 2013 - 2:48am

Stock markets rally despite global economic malaise

You had perfectly good reasons for being cowardly about the stock market in 2012, but caution didn't serve you well.

2 Jan 2013 - 4:24am

A prayer for 2013

These are perilous economic and financial times. Leading dogmatic US politicians are determined to drive their country over the fiscal cliff, at the risk of tipping their nation and the ailing Western world into renewed recession with potentially devastating effects for the rest of the globe.

28 Dec 2012 - 4:14am

Italian PM Mario Monti resigns ahead of elections

Italian Prime Minister Mario Monti resigned on Friday with his political plans still in doubt, paving the way for early elections next year in a lynchpin eurozone state still mired in recession.

Monti “handed in the resignation of his government” at a meeting with President Giorgio Napolitano, and will stay on in a caretaker capacity, the presidency said in a statement.

22 Dec 2012 - 3:08am

British economic growth revised down to 0.9pc in third quarter

Britain's economy grew by a worse than expected 0.9 per cent in the third quarter, downwardly revised data showed yesterday, sparking fresh speculation over a possible "triple dip" recession, analysts said.

22 Dec 2012 - 2:36am

Recession threatens Japan's tax rise

Japan's economy sank into recession in the second and third quarters, fuelling opposition leader Shinzo Abe's calls for more stimulus and highlighting the risk that weak growth will derail a planned sales tax rise.

11 Dec 2012 - 3:25am

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