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News About The Global Economy
October 01, 2014
China September PMI misses estimate: HSBC
Beijing (AFP) Sept 30, 2014
China's manufacturing activity came in below initial expectations in September, HSBC said Tuesday, adding to pressure on Beijing to address slowing growth in the world's second-largest economy. The British bank's final purchasing managers index (PMI), which tracks activity in China's factories and workshops, came in at 50.2. But while the closely watched figure, compiled by information services provider Markit and released by HSBC, is unchanged from August and is above the 50-point level that se ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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Vietnam's growth accelerates despite anti-China riots
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Alibaba approved for private bank in China: regulator
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Modi election points to India economy 'turnaround': ADB
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Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review
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Record-breaking year for contemporary art
The contemporary art market experienced a record-breaking year in 2013/14, smashing through the $2 billion mark for the first time, according to new figures released on Tuesday. ... more
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Jack Ma of Alibaba becomes China's richest person
The largest stock offer in history has made Jack Ma, founder of e-commerce giant Alibaba, China's richest person with a fortune of $25 billion, an annual wealth ranking in the world's second largest economy showed Tuesday. ... more
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OECD backs Japan tax hike, more easy money
Japan should raise sales taxes again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money, the OECD said Monday. ... more
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China manufacturing gauge picks up in September: HSBC
China's manufacturing sector saw a surprise pick-up in September, a closely watched survey showed Tuesday, but economists warned a slowdown in the key property sector was an ongoing risk to growth. ... more
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Japan cuts view of the economy as PM promises reform
Japan on Friday downgraded its assessment of the economy for the first time in five months, as a string of weak data hammers hopes for a quick recovery following Tokyo's April sales tax hike. ... more
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Asia's billionaires see fastest wealth growth: report
Asia's billionaires led by Chinese tycoons enjoyed the fastest increase in their wealth this year compared to their peers in the rest of the world, a report said Wednesday. ... more
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More stimulus measures seen as China boosts economy
A reported $81 billion injection into China's major banks is probably the first of a series of fresh stimulus measures by Beijing to bolster its flagging economy, the world's second largest, analysts said Wednesday. ... more
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China's overseas investment soars as FDI drops again
China's outbound investment more than doubled in August to $12.62 billion, data showed Tuesday, far outstripping foreign direct investment (FDI) into the country, which fell to a four-year low. ... more
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Chinese output growth slows to five-year low in August
China's industrial production growth slowed sharply in August to its lowest level for more than five years at 6.9 percent, official data showed Saturday, intensifying concerns for the world's second-largest economy. ... more
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China August inflation eases to 2.0% on-year: govt
Chinese inflation eased to a four-month low of 2.0 percent in August, official data showed Thursday, with analysts saying the data could allow leaders to further ease monetary policy in the world's number-two economy. ... more
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Chinese premier vows to punish corporate lawbreakers
Chinese Premier Li Keqiang on Wednesday vowed no leniency for corporate lawbreakers whether domestic or foreign, as Beijing pursues a high-profile anti-monopoly crackdown. ... more
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China's promised reforms moving too slowly: EU businesses
European businesses in China on Tuesday warned the Communist Party urgently to implement promised reforms or risk seeing growth in the world's second-largest economy plummet and incomes stagnate. ... more
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Political unrest will hit Hong Kong economy: Moody's
Ratings agency Moody's warned Monday prolonged discord in Hong Kong over China's refusal to grant the key financial hub full democracy was still likely and would hurt the city's economy. ... more
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Japan Q2 economy shrinks more than thought
Japan's economy shrank more than estimated in April-June, revised data showed Monday, piling pressure on the government to delay another sales tax hike, while the central bank faces calls to expand its stimulus. ... more
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BoJ holds off fresh stimulus despite slowdown
The Bank of Japan's chief on Thursday stuck by his rosy view of the economy despite mounting evidence that an April sales tax hike has stalled growth. ... more
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Weak Japan data heap pressure on policymakers
Japan's economy slowed markedly last month as consumer spending dropped and factory output ran out of steam, data showed Friday, underscoring concerns about the state of the country's recovery. ... more
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Getting Off the Planet

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China manufacturing growth slows in August: surveys
Growth in Chinese manufacturing activity slowed in August, two closely watched surveys showed Monday, losing momentum as a declining property sector and waning stimulus effects weigh on the world's second-largest economy. ... more
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Hungary strives to be central Europe's start-up capital by 2020
From a sleek, modern office in the middle of Budapest's old town, Ustream provides live video streaming to clients such as Samsung and Sony. ... more
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Japan's economy shrinks after sales tax rise
Japan's economy suffered its biggest quarterly contraction since the 2011 quake and tsunami as a sales tax rise slammed the brakes on growth, data showed Wednesday, throwing into question plans for another increase next year. ... more
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The economy of bitcoins
The massive spread of the cryptocurrency or digital currency, Bitcoin, opens up new pathways for researchers to study social action on markets. This reveals interesting feedback between the exchange ... more
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Asia's most expensive home per square foot on sale in Hong Kong
Asia's most expensive home per square foot is set to go on sale in Hong Kong, which boasts some of the world's costliest properties despite efforts to curb skyrocketing prices. ... more
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Global art market in rude health
The global art market rose in value by 17 percent to a record $7 billion in the first half of 2014, according to new industry figures. ... more
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China house price fall accelerates in July: survey
China's decline in property prices accelerated in July, an independent survey showed, adding to concerns over the sector, a key component of the world's second-largest economy. ... more
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Profits shrink at Japan's 'megabanks'
Japan's top three banks on Thursday posted lower quarterly profits as the impact of last year's stock market surge faded. ... more
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