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February 26, 2015
Protests blamed as Hong Kong misses growth targets
Hong Kong (AFP) Feb 25, 2015
Hong Kong's leadership Wednesday blamed months of pro-democracy protests as the economy fell well short of predicted growth in 2014, and said "prolonged political bickering" could do more damage to investor confidence. The growth rate was just 2.3 percent in 2014, down from 2.9 percent the previous year and far slower than the three to four percent predicted in last year's budget speech. Delivering his budget for 2015-16, finance secretary John Tsang said local industries had been damaged by the ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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HSBC: China manufacturing expands in February
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Japan household spending drops fastest in 8 years
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China bank loans surge in January: central bank
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Alibaba staff denied traditional Chinese New Year gift by CEO
Internet tycoon Jack Ma has said his employees will not receive traditional Chinese New Year gifts because 2014 had not been "exceptional" for the company, despite its world-beating IPO listing on Wall Street. ... more
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Dutch SNS Reaal sells insurer to China's Anbang
Dutch bank SNS Reaal on Monday announced it was selling its insurance arm to Chinese insurer Anbang for 150 million euros, as it restructured after being nationalised two years ago. ... more
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China January FDI jumps 29.4%: govt
Foreign investment into China accelerated in January, government data showed Monday, with overseas firms pumping more cash into the country's services sector as the manufacturing industry slows. ... more
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China's Dagong cuts France's credit ratings
A Chinese rating agency said Monday it has downgraded France's sovereign credit ratings, citing concerns about the country's debt repayment. ... more
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China January inflation plunges to five-year-low 0.8%
China's inflation plunged to a more than five-year low of 0.8 percent in January, official data showed Tuesday, fuelling fears the world's second-largest economy is on the brink of a deflationary spiral. ... more
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Greece heads for bailout showdown with EU
Greece's new government headed for a showdown with sceptical European partners on Wednesday as it took its demands to renegotiate its huge bailout to crunch talks in Brussels. ... more
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China cuts bank reserve ratio to boost economy
China's central bank said Wednesday it would make an across-the-board cut in the percentage of funds banks must hold in reserve, the first such cut in nearly three years as the world's second-largest economy falters. ... more
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China's Bank of Beijing says top official investigated
A director of medium-sized Chinese lender the Bank of Beijing is under investigation by authorities, the firm said, the second senior banker implicated in corruption in under a week. ... more
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HSBC: China manufacturing shrank again in January
Chinese factory activity contracted in January for a second straight month, a closely watched private survey showed Monday, a day after the government announced the first official decline in the sector in more than two years. ... more
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Hong Kong billionaire Li Ka-shing bets on Europe as China slows
Famed for his sharp business acumen and knack for perfectly timed investments, Hong Kong billionaire Li Ka-shing is shifting away from a slowing Chinese economy and bargain hunting in Europe. ... more
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China manufacturing unexpectedly shrinks in January
China's manufacturing activity contracted for the first time in more than two years in January, an official survey showed Sunday, signalling further downward pressure on the world's second-largest economy. ... more
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ECB QE could cause "competitive depreciation": China
The European Central Bank's new quantitative easing (QE) measures could trigger "competitive depreciation" of currencies around the world, China's commerce ministry warned Thursday. ... more
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China's economy not headed for 'hard landing': PM
China's Premier Li Keqiang sought Wednesday to allay fears over the Asian giant's growth outlook, telling business and government elites gathered in Davos that the economy is not heading for a sharp slowdown. ... more
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China bank lending up in 2014 as govt seeks credit boost
China's bank lending rose to $1.60 trillion in 2014, the central bank said Thursday, as the government sought to loosen credit to spur faltering growth in the world's second-largest economy. ... more
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China's economic growth slows to 24-year low: govt
China's gross domestic product grew 7.4 percent in 2014, official data showed Tuesday, slumping to a 24-year low with authorities describing the slower pace as the "new normal" for the world's second-largest economy. ... more
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Tycoon Li Ka-Shing losing status as China business 'bellwether': paper
A Chinese newspaper close to the ruling Communist Party on Wednesday said Hong Kong tycoon Li Ka-Shing's days as a "bellwether" for China's economy were probably over, downplaying a major corporate reshuffle. ... more
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China December inflation rises to 1.5%: govt
Chinese inflation rebounded marginally in December, the government said Friday, but economists warned of deflationary threats and called for more monetary stimulus to boost slowing growth in the world's second-largest economy. ... more
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Standard Chartered to axe further 2,000 jobs
Standard Chartered said Thursday it would close a swathe of its global equities business and axe 2,000 jobs around the world this year as it tries to make savings of $400 million as part of a structural overhaul. ... more
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China December manufacturing index at 49.6: HSBC
China's manufacturing activity contracted in December, HSBC's closely watched purchasing managers' index (PMI) showed Wednesday, as the world's second-largest economy is buffeted by domestic headwinds. ... more
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Brazil: Economy struggles as Rousseff begins 2nd term
Brazil's President Dilma Rousseff will be sworn in for her second term Thursday before thousands of cheering supporters, but any moment of triumph will surely be short lived. ... more
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Japan approves $29 bn stimulus package
The cabinet of Japanese Prime Minister Shinzo Abe approved a fresh stimulus package worth $29 billion Saturday in a bid to boost the economy, hit hard by a tax hike. ... more
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China December manufacturing index falls to 7-month low: HSBC
China's manufacturing activity worsened in December with HSBC's closely watched purchasing managers' index (PMI) hitting a seven-month low, the bank said Tuesday, signalling more weakness in the world's second-largest economy. ... more
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Japan economy key after Abe landslide: analysts
Prime Minister Shinzo Abe was getting down to a second consecutive term in office Monday after a thumping election win, with analysts warning he needed to make good on his promise to fix Japan's economy. ... more
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China's November industrial output at three-month low
China's industrial output expanded at its slowest pace in three months in November, official data showed Friday, with other key indicators also pointing to weakness in the world's second-largest economy. ... more
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