1. Police say wage rise is helping recruitment drive (Sun 19 Aug 2007 01:56:19 0800)
The police say the recent rise in civil service wages has resulted in a sharp increase in the number of candidates applying for jobs in the force. The Police Human Resources Branch says the number of applicants for the post of constable has shot up by almost 50-percent while there was a near 40-percent rise in those applying to become inspectors.
2. Warning that HK metalworkers pay dispute could spread to other sectors (Sun 19 Aug 2007 02:46:44 0800)
Hong Kong unionist legislator Lee Cheuk-yan has warned that an ongoing pay dispute between metalworkers and employers could escalate and spread to other construction sectors unless an agreement is reached soon. Mr Lee said employers should strive to settle their dispute with workers over demands for a pay rise and shorter working hours.
3. Police say wage rise is helping recruitment drive (Sun 19 Aug 2007 01:56:19 0800)
The police say the recent rise in civil service wages has resulted in a sharp increase in the number of candidates applying for jobs in the force. The Police Human Resources Branch says the number of applicants for the post of constable has shot up by almost 50-percent while there was a near 40-percent rise in those applying to become inspectors.
4. Warning that HK metalworkers pay dispute could spread to other sectors (Sun 19 Aug 2007 02:46:44 0800)
Hong Kong unionist legislator Lee Cheuk-yan has warned that an ongoing pay dispute between metalworkers and employers could escalate and spread to other construction sectors unless an agreement is reached soon. Mr Lee said employers should strive to settle their dispute with workers over demands for a pay rise and shorter working hours.
5. Police say wage rise is helping recruitment drive (Sun 19 Aug 2007 01:56:19 0800)
The police say the recent rise in civil service wages has resulted in a sharp increase in the number of candidates applying for jobs in the force. The Police Human Resources Branch says the number of applicants for the post of constable has shot up by almost 50-percent while there was a near 40-percent rise in those applying to become inspectors.
6. Warning that HK metalworkers pay dispute could spread to other sectors (Sun 19 Aug 2007 02:46:44 0800)
Hong Kong unionist legislator Lee Cheuk-yan has warned that an ongoing pay dispute between metalworkers and employers could escalate and spread to other construction sectors unless an agreement is reached soon. Mr Lee said employers should strive to settle their dispute with workers over demands for a pay rise and shorter working hours.
7. Police say wage rise is helping recruitment drive (Sun 19 Aug 2007 01:56:19 0800)
The police say the recent rise in civil service wages has resulted in a sharp increase in the number of candidates applying for jobs in the force. The Police Human Resources Branch says the number of applicants for the post of constable has shot up by almost 50-percent while there was a near 40-percent rise in those applying to become inspectors.
8. Warning that HK metalworkers pay dispute could spread to other sectors (Sun 19 Aug 2007 02:46:44 0800)
Hong Kong unionist legislator Lee Cheuk-yan has warned that an ongoing pay dispute between metalworkers and employers could escalate and spread to other construction sectors unless an agreement is reached soon. Mr Lee said employers should strive to settle their dispute with workers over demands for a pay rise and shorter working hours.
9. Police say wage rise is helping recruitment drive (Sun 19 Aug 2007 01:56:19 0800)
The police say the recent rise in civil service wages has resulted in a sharp increase in the number of candidates applying for jobs in the force. The Police Human Resources Branch says the number of applicants for the post of constable has shot up by almost 50-percent while there was a near 40-percent rise in those applying to become inspectors.
10. Warning that HK metalworkers pay dispute could spread to other sectors (Sun 19 Aug 2007 02:46:44 0800)
Hong Kong unionist legislator Lee Cheuk-yan has warned that an ongoing pay dispute between metalworkers and employers could escalate and spread to other construction sectors unless an agreement is reached soon. Mr Lee said employers should strive to settle their dispute with workers over demands for a pay rise and shorter working hours.
11. Police say wage rise is helping recruitment drive (Sun 19 Aug 2007 01:56:19 0800)
The police say the recent rise in civil service wages has resulted in a sharp increase in the number of candidates applying for jobs in the force. The Police Human Resources Branch says the number of applicants for the post of constable has shot up by almost 50-percent while there was a near 40-percent rise in those applying to become inspectors.
12. Warning that HK metalworkers pay dispute could spread to other sectors (Sun 19 Aug 2007 02:46:44 0800)
Hong Kong unionist legislator Lee Cheuk-yan has warned that an ongoing pay dispute between metalworkers and employers could escalate and spread to other construction sectors unless an agreement is reached soon. Mr Lee said employers should strive to settle their dispute with workers over demands for a pay rise and shorter working hours.
13. Police say wage rise is helping recruitment drive (Sun 19 Aug 2007 01:56:19 0800)
The police say the recent rise in civil service wages has resulted in a sharp increase in the number of candidates applying for jobs in the force. The Police Human Resources Branch says the number of applicants for the post of constable has shot up by almost 50-percent while there was a near 40-percent rise in those applying to become inspectors.
14. Warning that HK metalworkers pay dispute could spread to other sectors (Sun 19 Aug 2007 02:46:44 0800)
Hong Kong unionist legislator Lee Cheuk-yan has warned that an ongoing pay dispute between metalworkers and employers could escalate and spread to other construction sectors unless an agreement is reached soon. Mr Lee said employers should strive to settle their dispute with workers over demands for a pay rise and shorter working hours.
15. Police say wage rise is helping recruitment drive (Sun 19 Aug 2007 01:56:19 0800)
The police say the recent rise in civil service wages has resulted in a sharp increase in the number of candidates applying for jobs in the force. The Police Human Resources Branch says the number of applicants for the post of constable has shot up by almost 50-percent while there was a near 40-percent rise in those applying to become inspectors.
16. Warning that HK metalworkers pay dispute could spread to other sectors (Sun 19 Aug 2007 02:46:44 0800)
Hong Kong unionist legislator Lee Cheuk-yan has warned that an ongoing pay dispute between metalworkers and employers could escalate and spread to other construction sectors unless an agreement is reached soon. Mr Lee said employers should strive to settle their dispute with workers over demands for a pay rise and shorter working hours.
1. Hang Seng closes 703 lower (Thu 16 Aug 2007 16:44:02 0800)
The Hang Seng Index ended the day at 20672 - that’s 703 down on the previous close. In currenciesthe American dollar’s trading at 115.91 yen. The euro is standing at 1 American dollar 34 cents. And the pound is worth 15 Hong Kong dollars 50 cents.
2. CLP report 23% profit (Thu 16 Aug 2007 17:24:06 0800)
CLP Holdings says its first-half profit rose 23 percent to $6.13-billion. The lion’s share came from its Hong Kong business which saw 1.6-percent growth in electricity sales thanks to warmer weather. The company’s overseas business also recorded stronger earnings. The Chief Executive of CLP Holdings Andrew Brandler said the recent global market slump would benefit the company because it could drive away some competitors.
3. Stocks slide snowballs amid global credit fears (Thu 16 Aug 2007 18:24:41 0800)
European stocks have tumbled in early trading following sharp falls in Asia fuelled by increasing fears over the possible impact of the US home loans crisis on the global economy. The slide was triggered by the overnight rumours of funding problems at the top American mortgage lender Countrywide Financial. The Hang Seng Index closed 703 lower - or 3.3 percent - at 20672 - its lowest level for about two months. The Nikkei in Tokyo lost two percent while the Kospi in South Korea plunged seven percent. Analysts said many investors were being forced to sell high quality assets to meet margin calls. Central banks intervened in a bid to restore confidence with Japan and Australia both pumping billions of dollars into the money markets. The US Treasury Secretary Henry Paulson said the market turmoil would “extract a penalty” on growth. But he stressed that the economy was strong enough to withstand it without provoking a US recession.
4. Wall Street opens sharply down (Thu 16 Aug 2007 21:43:45 0800)
Stocks fell sharply when Wall Street opened a short time ago. The Dow Jones industrials was the worst hit - falling more than 100 points in early trading. Investors’ confidence was shaken when Countrywide Financial Corporation the nation’s largest mortgage lender revealed it had been forced to draw on an 11.5 billion dollar credit line to fund operations. At the same time the New York Fed which carries out the central bank’s market operation said it would step in with a 14-day repurchase agreement worth 5-billion dollars.
5. More sharp fall on world stock markets (Thu 16 Aug 2007 23:34:13 0800)
There have been further sharp falls on the world’s stock markets. The Dow Jones industrials in New York opened a short time ago more than 100 points down. Earlier the main European indices were down sharply — in London by more than three percent. Investors were looking to Wall Street tonight to try to stem the trend but confidence there was shaken early when Countrywide Financial Corporation the largest mortgage lender in the US revealed it had been forced to draw on an 11.5 billion dollar credit line to fund
6. Global credit jitters send Asian stocks plunging (Thu 16 Aug 2007 14:58:33 0800)
Asian stocks have fallen to their lowest levels in months battered by persistent jitters over US housing loan problems and their possible impact on global financial markets. The Nikkei in Tokyo closed down nearly 2 percent while South Korea’s Kospi index fell 6.9 percent to its lowest finish since May. The Hang Seng Index was more than 800 points lower in mid-afternoon trading.
7. European stocks fall following Asian losses (Thu 16 Aug 2007 16:15:48 0800)
Stock markets in Europe have suffered early losses following further sharp falls on Asian markets. The main European markets quickly fell about two per cent. Tokyo had earlier declined a similar amount while the Hang Seng Index index tumbled 703 points - or 3.3 percent - to close at 20672.
8. Shares plunge amid global credit fears (Thu 16 Aug 2007 16:42:01 0800)
Jitters over the US housing loans crisis and its possible impact on global financial markets have led to further sharp falls on Asian and European stock markets. The Hang Seng Index closed 703 lower - or 3.3 percent - at 20672. The Nikkei in Tokyo lost two percent while the Kospi in South Korea plunged seven percent. The central banks in Japan and Australia have pumped billions of dollars into the financial system in an effort to restore confidence.
9. Hang Seng closes 703 lower (Thu 16 Aug 2007 16:44:02 0800)
The Hang Seng Index ended the day at 20672 - that’s 703 down on the previous close. In currenciesthe American dollar’s trading at 115.91 yen. The euro is standing at 1 American dollar 34 cents. And the pound is worth 15 Hong Kong dollars 50 cents.
10. CLP report 23% profit (Thu 16 Aug 2007 17:24:06 0800)
CLP Holdings says its first-half profit rose 23 percent to $6.13-billion. The lion’s share came from its Hong Kong business which saw 1.6-percent growth in electricity sales thanks to warmer weather. The company’s overseas business also recorded stronger earnings. The Chief Executive of CLP Holdings Andrew Brandler said the recent global market slump would benefit the company because it could drive away some competitors.
11. Stocks slide snowballs amid global credit fears (Thu 16 Aug 2007 18:24:41 0800)
European stocks have tumbled in early trading following sharp falls in Asia fuelled by increasing fears over the possible impact of the US home loans crisis on the global economy. The slide was triggered by the overnight rumours of funding problems at the top American mortgage lender Countrywide Financial. The Hang Seng Index closed 703 lower - or 3.3 percent - at 20672 - its lowest level for about two months. The Nikkei in Tokyo lost two percent while the Kospi in South Korea plunged seven percent. Analysts said many investors were being forced to sell high quality assets to meet margin calls. Central banks intervened in a bid to restore confidence with Japan and Australia both pumping billions of dollars into the money markets. The US Treasury Secretary Henry Paulson said the market turmoil would “extract a penalty” on growth. But he stressed that the economy was strong enough to withstand it without provoking a US recession.
12. Wall Street opens sharply down (Thu 16 Aug 2007 21:43:45 0800)
Stocks fell sharply when Wall Street opened a short time ago. The Dow Jones industrials was the worst hit - falling more than 100 points in early trading. Investors’ confidence was shaken when Countrywide Financial Corporation the nation’s largest mortgage lender revealed it had been forced to draw on an 11.5 billion dollar credit line to fund operations. At the same time the New York Fed which carries out the central bank’s market operation said it would step in with a 14-day repurchase agreement worth 5-billion dollars.
13. More sharp fall on world stock markets (Thu 16 Aug 2007 23:34:13 0800)
There have been further sharp falls on the world’s stock markets. The Dow Jones industrials in New York opened a short time ago more than 100 points down. Earlier the main European indices were down sharply — in London by more than three percent. Investors were looking to Wall Street tonight to try to stem the trend but confidence there was shaken early when Countrywide Financial Corporation the largest mortgage lender in the US revealed it had been forced to draw on an 11.5 billion dollar credit line to fund
14. Global credit fears hammer Asian stock markets (Thu 16 Aug 2007 12:57:09 0800)
Asian stocks have tumbled heading for their biggest daily fall since the attacks on the United States in September 2001. The plunge follows persistent fears about a global credit squeeze caused by the fallout from the US sub-prime loans crisis. The latest scare was triggered by worries that Countrywide Financial the largest American mortgage lender could face bankruptcy if liquidity worse