HONG KONG (Reuters) – Under pressure from a spiralling debt crisis at home, Credit Agricole and other European banks are offloading more of the loans they hold in Asia, squeezing up lending rates and making it tougher for small and mid-sized companies to borrow. As French and other European-based banks look to sell overseas...
Underground Fluorescent Lake Turnstile Entrance Image Credit: Melanie Lee The Underground Flourescent Lake, a cave in Yishui known as China‘s Underground Grand Canyon, was enlisted in the US stock market through reverse merger, according to reports by several international news sites on Thursday, December 1, 2011. The Chinese cave has become a tourist attraction...
The speech by the Financial Secretary, John C Tsang, at the recently-held 2nd Annual Emerging Markets Conference, said that Hong Kong, so as to achieve a more diversified business portfolio, will continue to strengthen trade and investment co-operation with emerging economies. (read the rest of the story…) Related items Hong Kong Plugs Its Private...
Hong Kong monetary Authority published the latest set of monetary statistics for October 2011. Hong Kong dollar M1 money supply is falling very slightly on the month (almost unchanged). (read the rest of the story…) Related items Craig Stephen's This Week in China: Hong Kong tiptoes into slump 13. A conscientious budget HSBC welcomes...
Hong Kong shares closed up 1.21 points on optimism that EU’s finance leaders are close to a debt plan. (read the rest of the story…) Related items 13. A conscientious budget Hong Kong clean air targets fail to impress China to Let Smaller Groups List in Hong Kong Banking cuts cause luxury rents to...
ECONOMIC GROWTH slowed drastically to just 3.2% in the third quarter, dragged down by a weak agriculture sector and a plunge in construction activity. (read the rest of the story…) Related items 13. A conscientious budget Hong Kong says economy slowed in 2011 Internet café operator in P200-million expansion Hong Kong: Finance stocks lead...
Hong Kong stocks (HSI) gained, with the Hang Seng Index poised for its biggest advance in two weeks, amid optimism that more will be done to contain Europe’s sovereign-debt crisis and after Thanksgiving weekend sales in the U.S. rose to a record. (read the rest of the story…) Related items Hong Kong Stocks Rise...
SYDNEY – Financial job advertisements in Singapore and Hong Kong jumped more than 30 percent in the past 12 months, while postings in Australia dropped, with the European debt crisis likely to weigh on hiring in 2012, a private survey has found. (read the rest of the story…) Related items Global leaders urge swift...
