Economy
Renminbi business boosts Hong Kong's status as financial hub
Renminbi business boosts Hong Kong's status as financial hub
Government believes Hong Kong has very good potential to develop into an offshore renminbi business centre.
Third quarter industrial production index up 0.2%
Producer price index also increased 9.6% in the third quarter.
India most exposed to global funding risks
Towering fiscal deficits and negative real policy rates to blame, says Morgan Stanley.
China’s inflation plunges to 14-month low in November
At 4.2%, the country’s inflation surprised the market, having dropped faster than expected.
Real estate business receipts down 18.2% in the third quarter
Another loser was financing industries, except banking, with 13.6% fall.
Is it all doom and gloom for Malaysia?
DBS says not yet for the time being, however, it will be soon if the country’s export growth continues to plummet.
China’s inflation may have dropped to 4.3% in November
As overall food inflation will likely have slowed to 9%, led by lower prices of pork, fresh vegetables and seafood.
Foreign currency reserves up to over US$282b
That is about nine times the currency in circulation.
Is Hong Kong getting cheaper as a location?
Survey shows Hong Kong has dropped 26 places to 58th position in the global ranking - the largest fall of any city in Asia.
Indonesia’s inflation eases to 4.2% in November
Except for food, however, inflation of other categories either held steady or rose higher.
India’s GDP slows to 6.9% in 3Q11
What’s even worse is that inflation is expected to stay elevated for the rest of the year.
Hong Kong’s retail sales may have dropped to 21.5% in October
It seems like less Hong Kongers are raiding the malls.
Hong Kong’s growth to plummet in 2012
UBS warns the country may hit rock bottom in 1Q12.
Hong Kong seen to have HK$35bn budget surplus
Study advised government to employ fiscal resources to enhance competitiveness while helping the disadvantaged.
The Philippines beaten by global headwinds in 3Q11
Is there still hope for the country?
Japan’s unemployment may have hit 3-year low in October
Standard Chartered expects last month’s unemployment rate to come in at 4.1%.
Warning: Another dip into recession looms
Better chances await Hong Kong IF the US avoids dipping back into recession, China stays on course for a soft landing, and the European debt crisis...
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