Saturday, 20 December 2008
Excessive Optimism the Biggest Mistake of 2008
Normally, the word “I” should have no place in a financial column like Monitor. But once a year I make an exception to the rule, looking back at the columns I’ve written over the last 12 months and seeing what I got right and where I went wrong.
Equity Investors Look to China as Safe Haven Amid Global Recession
Greater China remains the most favoured destination for Asian equity investors largely because fund managers are relatively optimistic about the economy even in a global recession, according to a Merrill Lynch survey.
Did Madoff Work Alone?
Benard Madoff’s contention that he pulled off one of the biggest financial frauds in history without any help is being met with disbelief by his investors and experts in the securities industry.
Car Prices Drop 0.8pc on Softening Demand
Prices for passenger vehicles on the mainland fell 0.8 per cent last month as dealers fought to win customers in the slowing vehicle market, but analysts said they did not expect a further decline.
Western-Style Politics not for China: Hu
Chinese President Hu Jintao declared yesterday that China would never turn back from its policy of reform and opening up, but it would also not go down the path of a Western liberal democracy.
After 30 Years of Reform, Economic Perils on China’s Path
The ruling Communist Party threw itself a big party on Thursday. The country’s leadership marked the 30th anniversary of the reform era that transformed China into a global economic power and, in doing so, changed the world.
Bernanke May Not Stay in Office to See Fruits of His Labour
There’s a possibility Obama is grooming Summers to replace the Fed chief
Chinese Manufacturing Giant Outgrows its Cradle
When China opened up to capitalists 30 years ago, Jeffrey Lam was one of the pioneers. But the only space he could find for his factory was an old town hall. For workers, he had 25 farmers who had never operated a sewing machine.
Global IPO Activity Falls by More Than Half: E&Y Report
Global initial public offering (IPO) activity has fallen by more than half from the record-breaking pace of last year.
New Error-Trade Rules to Boost Trading Discipline
$500 review fees; need to report errors within 30mins
Tug-of-War in the Final Weeks of 2008
Factors at play range from window-dressing hopes to Fed rate cut to Wall Street expectations
Beijing Raises Consumption Taxes
The mainland announced significantly higher consumption taxes on a range of fuel products after it implemented a cut in fuel prices yesterday.
14b Yuan in Aviation Oil Bills Unpaid
China Aviation Oil, a supplier of jet fuel, said unpaid bills by mainland airlines have risen to 14 billion yuan (HK$15.8 billion) as the industry grapples with falling demand, according to a mainland newspaper.
Analyst Tips Long and Turbulent Bear Market
Morgan Stanley expected a long and tumultuous U-shaped bottom in mainland and Hong Kong stock markets as the economy continued to worsen despite government aid, its Asia strategist said yesterday.
Toyota Could Show First Loss in 71 Years
Toyota Motor Corp, the world’s biggest carmaker and Japan’s biggest company, is on track to report its first annual parent-only operating loss since it was established 71 years ago, the media reported yesterday.
Visa rules open door for more Shenzhen residents to visit city
People from other provinces living in Shenzhen will be allowed to apply for Hong Kong visas through the individual visit scheme without returning to their home provinces, the chief executive has announced.
Suitcase Makers Locked in Plant to Foil Protest
Guangdong police held hundreds of protesting workers inside a suitcase factory to prevent them staging a public demonstration about a wage dispute yesterday, a labourer in the plant claimed.
Anger Over Call ‘to Show Patriotism’ by Buying a House
A high-profile Beijing professor is under fire for calling on the public to show its patriotism by putting its money into the housing market.
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