Asian stock markets slip on weak US manufacturing data; Nikkei down nearly 2 percentOctober 1st, 2009 Asian stocks slip after Wall Street fallHONG KONG — Asian stocks fell Thursday after a weak economic reading in the U.S. weighed on Wall Street and as a Japanese survey showed manufacturers still think they have too many workers.
Asian stock markets slip after tankan, weak US manufacturing data; Nikkei down nearly 2 pctSeptember 30th, 2009 Asian stocks slip after tankan, Wall Street fallHONG KONG — Asian stocks fell Thursday after a weak economic reading in the U.S. weighed on Wall Street and as a Japanese survey showed manufacturers still think they have too many workers.
Bank launches world's first $150 note in Hong KongSeptember 8th, 2009 HONG KONG - A bank Wednesday marked its 150th anniversary in Hong Kong by launching what it claimed to be the world's first 150-dollar bank notes. Standard Chartered Plc, one of three note-issuing banks in the wealthy city of seven million, has printed 1 million of the 150-Hong-Kong-dollar notes, worth $19.35 each.
11 injured in Hong Kong acid attackSeptember 7th, 2009 HONG KONG - Eleven people were injured when a man threw acid during an altercation Sunday in a bustling market district, the fourth such attack in Hong Kong this year. Local television reports said victims had to be carried on gurneys to ambulances, their heads covered in bandages.
German economy emerges from recessionAugust 13th, 2009 BERLIN - The German economy has emerged from its worst recession in 60 years with the nation's statistics office reporting Thursday a 0.3 percent growth rate in the second quarter. The surprise positive growth rate comes after Europe's biggest economy tumbled into recession during the second half of last year as the global economic slowdown triggered by a meltdown in the US mortgage market took hold.
Hong Kong names aide to territory's leader as new central bank chiefJuly 17th, 2009 HK names leader's aide to head central bankHONG KONG — An aide to Hong Kong's leader and former bank executive was Friday named to head the territory's central bank as the Chinese financial center emerges from the economic crisis. Norman Chan, 55, will lead the Hong Kong Monetary Authority starting in October, replacing the bank's current chief executive, Joseph Yam, who announced his resignation in May.
Plastic bag tax leads to 85 percent drop in use in Hong KongJuly 9th, 2009 HONG KONG - Plastic bag use in Hong Kong has dropped by 85 percent in the first two days since the introduction of a 6 US cents tax on every bag, a survey released Thursday showed. The number of plastic bags handed out in 18 supermarkets during a peak shopping hour before and after the introduction of the ban fell from 2,742 to 403, the environmental group Greeners Action said.
China central bank chief says world's 3rd-biggest economy taking turn for the betterJune 29th, 2009 China central bank chief says economy on the mendHONG KONG — The head of China's central bank said Monday the country's economy was on the mend and expressed confidence that a government target of 8 percent growth this year would be met. Zhou Xiaochuan, governor of the People's Bank of China, said signs the downturn in the world's third-largest economy was leveling off began to emerge in March.
Hong Kong taxes plastic bag usageApril 23rd, 2009 HONG KONG - Hong Kong lawmakers Thursday approved a tax on every plastic bag handed out by supermarkets in the city as of July in a move to cut the mountain of waste created by the bags. The tax of 50 Hong Kong cents (6 US cents) will be levied from July 1 in a total of 2,000 shops, including every major supermarket, in the high-rise city of seven million.
Hong Kong economy to stage early recovery with help of Chinese growth, financial chief saysApril 22nd, 2009 HK finance chief sees early economic recoveryHONG KONG — Hong Kong's slumping economy will stage an early recovery as growth rebounds in mainland China, the territory's financial chief said Wednesday. Financial Secretary John Tsang said the global economic crisis remained a "serious threat." But he voiced confidence the government's measures, coupled with rising mainland economic activity as Beijing spends its way to higher growth, will heal the territory's economy faster than expected.
Over 1,600 Hong Kong firms filed for bankruptcy in FebruaryMarch 21st, 2009 HONG KONG - More than 1,600 Hong Kong companies filed for bankruptcy in February, the highest monthly figure since 2004, the government announced Friday. The figure is more than double the number that filed for bankruptcy in January and highlights the growing impact of the global recession on the wealthy city of seven million people.
Life not worth living without Internet, Hong Kong youngsters sayMarch 20th, 2009 HONG KONG - Life would be meaningless and not worth living without the Internet, nearly one in seven Hong Kong youngsters said in a survey released Friday. Just under 14 percent of 1,800 respondents aged 12 to 25 insisted they could not live without the Internet while 80 percent described it as essential.
Hong Kong shares fall three percentJanuary 20th, 2009 HONG KONG - Hong Kong shares fell by almost three percent Wednesday as overnight losses on Wall Street and profit warnings from Chinese companies listed in the city deepened market gloom. The blue-chip Hang Seng Index ended the day down 376.14 points, or 2.9 percent, at 12,583.63.
'Hong Kong is world's freest economy'January 12th, 2009 HONG KONG - Hong Kong Tuesday was ranked the world's freest economy for the 15th consecutive year in a survey by the US think-tank the Heritage Foundation. Singapore was again ranked second in the annual study, followed by Australia, Ireland and New Zealand.
Hong Kong stocks extend gainsJanuary 4th, 2009 HONG KONG - Hong Kong stocks continued their positive start to 2009 Monday with a second day of gains, rising by almost 3.5 percent. The blue-chip Hang Seng Index climbed 520.5 points, or 3.46 percent, to close at 15,563.31.
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