Concerns over the worsening economic outlook and expectations of an increase in the jobless rate sent property stocks lower, dragging Hong Kong’s benchmark index lower Wednesday.
The Hang Seng Index fell 100.1 points, or 0.8 percent, to 12, 815.80 after trading between 12,738.53 and 13,179.33 during the session.
Tags: economic, HK, Share
Foreign and trade ministers from the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) forum met here Wednesday to discuss such issues as the global financial crisis and the Doha round of trade talks.
“We came to this meeting facing a great opportunity and a wide range of challenges. How to promote growth and how [...]
China’s economic growth will decisively help Peru and other Latin American countries in their fight against the international financial crisis, Peruvian Deputy Foreign Minister Gonzalo Gutierrez said Sunday.
China’s contribution to boosting the world economy, especially the economy of the Asia-Pacific region, is unparalleled, Gutierrez told a press conference after the initial session of the Concluding [...]
China’s looser lending controls introduced in August saw yuan-denominated bank loans rise for the second consecutive month in October as the economic growth weakened.
The People’s Bank of China (PBOC) announced on Wednesday that outstanding loans hit 29.83 trillion yuan (4.37 trillion U.S. dollars) by the end of October, up 14.58 percent from the same month [...]
Hong Kong’s economy grew at the slowest pace since a disease epidemic in 2003, as the global financial crisis cut exports and spending cooled.
Gross domestic product rose 1.7 percent in the third quarter from a year earlier, the government said today at a press briefing, after gaining 4.2 percent in the previous three months. That [...]
China’s exports probably grew at the slowest pace since March 2007 as demand slumped because of the global financial crisis and shippers struggled to get letters of credit.
Shipments climbed 18.1 percent in October from a year earlier after gaining 21.5 percent in September, according to the median estimate of 17 economists surveyed by Bloomberg News. [...]
