Issue: May 04, 2012 (Archive)

Monday, May 20, 2013

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ECB boss urges austerity in push for economic lift
European Central Bank President Mario Draghi, reflecting growing anxiety among Europeans about their economic plight, said yesterday growth should be at the heart of euro zone policy but it needed to go hand in hand with fiscal austerity.

HKT run may trigger payout joy at PCCW
PCCW (0008) shareholders could well hope to see higher dividends, with chairman Richard Li Tzar- kai upbeat over subsidiary HKT Trust's (6823) performance so far this year.

China non-manufacturing growth slows
China's non-manufacturing activities grew at a slower pace last month, as new orders and input costs retreated.

Luxury to cost more, claims developer
Luxury property prices are likely to outperform this year, as supply remains tight, a local developer said.

Food for thought amid tough times
Economic figures in the United States, including private sector payrolls and factory orders, came in lower than expected.

Sales data show spending still up
Retails sales in March rose beyond expectations, thanks to more spending by tourists and buoyant local consumer sentiment, latest data from the government showed yesterday.

Railway ministry 7b yuan in the red
The mainland's railway ministry recorded losses of nearly 7 billion yuan (HK$8.6 billion) in the first quarter amid easing investments.

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