Business
PCCW eyes $1.3bn HK listing by spinning-off unit BBC News 09/27/2011 | Hundreds sell their own burial plots to make some quick cash WPTV 09/27/2011 |
 The Hong Kong communications firm PCCW, which is owned by the son of tycoon Li Ka-Shing, is looking to raise as much as 10bn Hong Kong dollars ($1.3bn; £829m) in a share sale. |  Sellers are posting online, using burial plot brokers, and also funeral homes to market the real estate. Some of those advertisements show single plots starting at about $1,000, while family plots can go for up to $50,000. |
Christine Lagarde: IMF may need billions in extra fundingLouise Armitstead and Jonathan Russell Telegraph 09/26/2011 | |
 The staff of the Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor's debt ratings agency over its rating of a 2007 collateralized debt offering. |  Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis. |
Greek default would destroy faith in Europe: Merkel Reuters 09/26/2011 | Employer Refuses To Hire Smokers, Cites Rising Care Costs CBS DFW 09/26/2011 |
 Allowing Greece to default on its debt now would destroy investor confidence in the euro zone and might spark contagion like that experienced after the bankruptcy of Lehman Brothers in 2008, German Chancellor Angela Merkel said on Sunday. |  Currently there are some 14 million jobless Americans. And if you’re one of the thousands of North Texans looking for work, the competition is tough. Now, a new hiring limitation by one employer could make the job search even harder. |
China 'launches gold vending machine' Breitbart.com 09/26/2011 | Hong Kong's 1st Apple store mobbed on opening dayKelvin Chan USA Today 09/25/2011 |
 China, already the world's second largest bullion consumer, has installed the country's first gold vending machine in a busy shopping district in Beijing, state media said on Sunday. |  Apple Inc. opened its long-awaited first store in Hong Kong on Saturday, with thousands of fans of the computer and gadget maker pouring in on the first day. Some Apple enthusiasts had camped out for nearly two days to secure a place at the head of the line and be among the first to walk through the doors of the new store. |
Billionaires Pay Most for Hong Kong Homes, Savills SaysKelvin Wong and Nichola Saminather Bloomberg.com 09/25/2011 | Hong Kong: Inflation Eased To 5.7% In August Business Insider 09/25/2011 |
 Hong Kong has the world’s most expensive average home prices for billionaires, with per square foot value of those properties almost double that of London, according to a survey conducted by Savills Plc. |  Inflation in Hong Kong eased in August. Headline consumer price index (CPI) rose by 5.7% compared to a year ago, falling from 7.9% rise in July. Excluding the effect of government one-off relief measures, the core inflation was 6.3% yoy, which is higher than 5.8% yoy in July. |
Six weeks to save the euro: George Osborne's warning after another day of financial turmoilJames Chapman Daily Mail 09/25/2011 | US government paid $600 million in benefits to dead peopleSAM HANANEL AP 09/25/2011 |
 World leaders were warned last night that they have just six weeks to save the euro from collapse. On another day of gathering economic gloom, George Osborne savaged eurozone leaders for failing to get a grip on their towering debts. |  The federal government has doled out more than $600 million in benefit payments to dead people over the past five years, a watchdog report says. |
'Golden Week' not so golden for Hong Kong CNNGo.com 09/24/2011 | Warnings mount on euro crisis, BRICS mull more aidDavid Lawder and Walter Brandimarte GMA News 09/23/2011 |
 Mainland Chinese tourists seem less enthusiastic about visiting Hong Kong this year during the week-long Chinese National Day holiday, or "Golden Week." |  World leaders and finance chiefs pushed Europe to quell its debt crisis and big emerging economies said they might provide more money to help stop the chaos from spreading. |
Moody's downgrades big US banks on changed policyJoe Rauch and David Henry Reuters 09/23/2011 | Hong Kong Remains World's Freest Economy Hong Kong Economic and Trade Office 09/22/2011 |
 Moody's Investors Service lowered debt ratings for Bank of America Corp, Citigroup Inc and Wells Fargo & Co on Wednesday, saying the U.S. government is getting less comfortable with bailing out large troubled lenders. |  Hong Kong remains the world's freest economy according to the findings of the Economic Freedom of the World: 2011 Annual Report released today by the Cato Institute and published by Canada's Fraser Institute. This marks the 15th consecutive year Hong Kong has topped the ranking. |
Asia's growing middle class fuels theme park boomKatie Hunt BBC News 09/21/2011 | Hong Kong inflation will become nightmare gulfnews.com 09/21/2011 |
 Mickey Mouse, Hello Kitty and Lego bricks will all find new homes in Asia over the next few years as the disposable incomes of the region's newly affluent fuel a boom in theme park construction. |  Hong Kong's consumer prices will keep rising and become a "nightmare" that will hurt the economy, Tao Dong, chief economist for non-Japan Asia at Credit Suisse said. |
Hong Kong Dollar Becomes Yuan Convertibility Bet: China CreditFion Li, David Yong San Francisco Chronicle 09/21/2011 | |
 Expectations for Hong Kong dollar moves against the U.S. currency more than tripled in the past year as investors bet faster inflation and a more convertible yuan will hasten an end to the city's fixed exchange rate. | |
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