May 17, 2012 -- Updated August 31, 2011 06:32 HKT
Credit
Crisis in Greece Brings More Cuts
Greece announced on Wednesday evening a fresh package of austerity measures to weather the debt crisis that threatens the EuroZone country with default. Up to 30,000 civil servants will be dismissed by the end of Y 2011 through a labor reserve program, according to a statement following a marathon cabinet meeting chaired by Prime Minister [...]
China Will be Recognized as a Market Economy
The European debt crisis may lead to increased trade friction and hurt China’s exports, Shen Danyang, Ministry of Commerce spokesman, said Tuesday. Recent months have seen an increase in European Union (EU) trade remedy cases targeting China. In mid-September the EU imposed anti-dumping duties ranging from 26.3 to 69.7% on imports of ceramic tiles from [...]
Greece Economic Outlook
Greek Finance Minister Evangelos Venizelos made “good progress” in the 2nd round of talks with the European Union (EU) and International Monetary Fund (IMF) aimed at staving off default, the EU said. The telephone meeting late Tuesday, which followed discussions on Monday, were intended to dampen concerns that Greece may miss deficit-reduction targets required to [...]
China Growth Under 9%
China’s GDP likely to fall below 9% in Y 2012 China’s economy is likely to grow at a rate of less than 9% next year, due to the slowing Global economic recovery of the largest developed countries, China Daily reported Wednesday. If the Global demand fails to improve next year, China’s economic growth may fall [...]
Italy and the Euro Crisis
ECB chief urges Italy to adopt emergency budget Italy must immediately adopt the measures in its emergency budget to secure public finances and keep promises over public debt reduction, European Central Bank chief Jean-Claude Trichet said Friday. “The measures announced by the cabinet are crucial to cut public debt and increase economic flexibility, ” he [...]
The QE3 Tool Box
The US Fed’s Tool Box Update Tuesday the US Federal Reserve board released minutes from the August 9th meeting. The details of the meeting told us that the nation’s bankers are divided as to how to move the slowed US economy forward. The notes said that the leaders of the World’s largest central bank have [...]
Hong Kong fiscal reserves reach 75.4 billion USD
Hong Kong fiscal reserves reach 75.4 billion USD Hong Kong’s Financial Services and the Treasury Bureau said Wednesday that the fiscal reserves stood at 588.3-B HK Dollars (about US$75.4-B) at the end of July. Statistics showed that government expenditure in July was 29.6-B HK Dollars, with revenue of 27.4-B HK Dollars, resulting in a deficit [...]
Russia Outlook Stable Rated A-3
S&P confirms Russia’s “stable” credit ratings International rating agency Standard & Poor’s (S&P) confirmed Russia’s stable sovereign credit ratings on Wednesday, giving A-3 for its short-term foreign currency sovereign rating, and BBB for long-term. The long-term rating for Russia’s ruble-nominated bonds remains at BBB+ level, while short-term rating is re-confirmed at A-2 level, S&P said. [...]
Politics and Unemployment
US House Speaker Boehner urges President Obama to reschedule his jobs speech House Speaker John Boehner has asked US President Obama to postpone his planned jobs speech by a day, after the White House announced Wednesday that it was scheduling the address for the same night as a GOP 2012 primary debate in California. The [...]
Market Focused on US Unemployment Data
This is a big week for unemployment data, 3 days of unemployment news ill set the tone for The Fed action in September, so do not sell on bad news. This is one of those times where good and bad news are all good. Should the data be positive markets should rally, if it comes [...]
Investor Services
Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …
Partner Site
US President Barack Obama’s bank of choice, JP Morgan Chase (NYSE:JPM)
JPMorgan Chase & Co. according to US President Obama, despite the bank’s recent $2-B trading, is …
The Hot List
Sky Power Solutions Corp (OTC:SPOW), INDOCAN RESOURCES INC (PINK:IDCN), JP Morgan Chase (NYSE:JPM)
Sky Power Solutions Corp (OTC:SPOW)
Looks way oversold this morning, there has been what appears to …
shoutbox
Guest: LTN Partner Event: World Clean Coal Week India Focus 2012
7 hours ago | 0 Comment
5 
0 
Guest: I'm investing in commodities like gold silver and oil, and losing my ass as a result.
Why, because I'm evidently insane.
13 hours ago | 0 Comment
5
1
E-mail alerts
poll
Loading ...
