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  Tuesday, August 7, 2012
  Today
US jobs growth beat forecasts
Employment in the US rose by more than anticipated in the month of July, according to a report released by the Labor Department on Friday, although the report also showed a surprising uptick by the unemployment rate...
Bank of Thailand revises growth, inflation forecast
Bank of Thailand (BoT) on Friday cut its forecasts for economic growth and inflation – downside risks and uncertainties from the global economy are likely to increase – possibly leading to further revisions before the year's end, according to a Capital Economics report...
UK service sector growth sharply decreases
The UK service sector expanded at the slowest pace in 19-months in July as increasing economic slowdown continues to weigh on activity and demand, latest data showed...
Barings acquires SEIAK
Baring Asset Management announced agreement in principle to the acquisition of SEI Asset Korea – the acquisition, subject to regulatory approval – and will expand considerably Barings presence in Korea...
  Featured Article
Steer clear of deposits
Bank deposits in Hong Kong offer pitiful returns and negative real interest rates. When taking into account the pitiful interest rates offered by all banks in Hong Kong, it is hard to justify monthly deposits of any sum as a logical investment or savings plan. Even a regular monthly deposit of US$1,000 (HK$7,750) will only amass an estimated HK$93,000 annually, with a few...
  Gallery
  Events

  Most Read in the past 7 days
Li Ka-Shing rearranges family trust
Li Ka-shing has given his vote of confidence to eldest son, Victor to continue running the $68 billion property-to-ports empire, promising to support younger son Richard with capital "any time"...
Wealthy Asians take charge of own assets
Clinton Ang, the 39-year old managing director of Hock Tong Bee Pte, - whose family fortune is valued some $80 million - has already fired two bankers, realizing he "prefers to manage the money himself." His grandmother, a gunny-sack seller who emigrated last century from China to Singapore, began the business with his grandfather's sacks and foodstuff supplier. Ang has since grown the company into a supplier of $6,000 Grand Cru wines...
China cuts fees, urges share buybacks
China's securities regulator stepped up efforts to restore confidence in the nation's sagging equities markets late last week, making another round of cuts to transaction fees and encouraging companies to buy back their own stock...
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