Euro-zone jobless rate rises to record high

Almost one in four young Europeans was out of work in October as unemployment in the euro zone hit a record high, with more than 170,000 jobs lost as the economy slumped into recession, official data showed.

Monday, 3 December, 2012, 4:26am

Smart money

Smart money

Sites for the entrepreneur in recession and retirement.

26 Nov 2012 - 2:17am

Study links 1,000 suicides to a recession in Britain

A painful economic recession, rising unemployment and biting austerity measures may have already driven more than 1,000 people in Britain to commit suicide, according to a study published yesterday.

16 Aug 2012 - 4:29am

Euro-zone economy shrinks despite German growth

The euro zone's debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out.

15 Aug 2012 - 1:33am

PMI flatlines, raising hopes of policy boost

Mainland manufacturing activity remained lacklustre last month, raising hopes for policy easing to counter the economic slowdown.

The official purchasing managers' index (PMI) fell from 50.2 in June to 50.1 last month, driven by declines in new orders, production and employment.

15 Aug 2012 - 10:51pm

Beijing is going backwards in pursuit of growth

The news last Friday that China's economy slowed to its lowest growth rate in three years caused anxiety around the world.

With much of Europe in recession, and the United States struggling to escape its own downturn, a whole legion of commentators promptly warned that the only remaining engine of global growth is now in danger of stalling.

16 Jul 2012 - 12:00am

Money troubles still giving ailing world the blues

Iceland - Recovery success

26 Jun 2012 - 12:00am

A magnet for world's investors

As in so many countries, South Africa's property market has been an unpredictable roller coaster of late. Although the country itself managed to avoid recession, it remained highly exposed to global economic events. Prices went up sharply in early 2010, only to dip as economic growth slowed.

20 Jun 2012 - 12:00am

America the beautiful

If you Google the words 'Harbin Pharmaceutical Plant', you will find photos of a palatial interior. The facility has marble floors, paintings and chandeliers.

This is a listed company, with a market capitalisation of about US$2 billion, and investors might ask why the plant is so extravagantly decorated.

18 Jun 2012 - 12:00am

Brave new world

China equities experienced another big sell-off last Monday. The Hang Seng China Enterprises Index, which tracks Hong Kong-listed China stocks, dropped 2.5 per cent. The index has shed about one-quarter of its value over the past year.

Steven Sun, head of China equity strategy for HSBC, says investors' concerns can be summed up as the three Gs: Greece, governance and growth.

11 Jun 2012 - 12:00am

HK economy shows 'first signs of fissure'

Hong Kong's private-sector activities shrank for the first time since December, underscoring concerns the mainland slowdown and euro-zone debt crisis are spreading to the city.

6 Jun 2012 - 12:00am

Clock ticking on a global implosion

Just when you thought global economic news could not get gloomier, it did. Poor unemployment figures from the United States on Friday along with fresh news of uncertainty from China mean that the world's economy is sputtering on all major cylinders.

5 Jun 2012 - 12:00am

PMI decline reflects step back in sector's advances

The recent improvement in the mainland manufacturing sector backpedalled unexpectedly last month, strengthening the argument for immediate stimulus measures.

2 Jun 2012 - 12:00am

Asian confidence grows

Global markets may be in turmoil due to the euro-zone debt crisis, but financial advisers in Hong Kong and Singapore are more confident about the performance of their local economies now than they were in the last quarter of last year.

22 May 2012 - 12:00am

Beijing may 'fine-tune' economic policy

Premier Wen Jiabao yesterday said that the central government may 'fine-tune' economic policy in the first quarter of this year, and that Beijing was closely monitoring the global economic situation in case 'a proactive' response was needed.

13 Feb 2012 - 12:00am