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<title>rthk.hk - Finance News</title>
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<description>rthk.hk - Finance News</description>
<pubDate>Thu, 09 Feb 2012 09:52:06 +0800</pubDate>
<item>
<title><![CDATA[Greek debt deal sticks on one point   ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120209/news_20120209_56_817262.htm]]></link>
<description><![CDATA[
Greek political leaders have agreed on all the reforms needed to secure a second bailout package except one. That was announced by the Prime Minister's office, which said Lucas Papademos would continue talks with European Union, European Central Bank and International Monetary Fund officials. The statement did not specify the outstanding issue, but most of the discussions during the seven-hour meeting of the leaders of the Greek coalition government were said to have revolved around supplementary pensions. In addition to lowering pensions, the austerity measures being demanded by the 'troika' of the EU, ECB and IMF would see a 20 percent cut in the minimum wage and 15 thousand job losses in the Greek civil service. The statement from Mr Papademos' office said discussions would continue so a deal can be concluded before a meeting of eurozone finance ministers in Brussels on Thursday. Those talks, which also include IMF chief Christine Lagarde, are expected to examine the complex 130 billion euro bailout and bond-swap package for Greece.
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<pubDate>
Thu, 09 Feb 2012 08:16:38 +0800
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<title><![CDATA[Wall St treads water  ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120209/news_20120209_56_817240.htm]]></link>
<description><![CDATA[
US stocks closed flat in another thinly traded session on Wednesday. The Dow Jones industrial average was up 5.75 points, or 0.04 percent, at 12,883.95. The Standard & Poor's 500 Index was up 2.91 points, or 0.22 percent, at 1,349.96. The Nasdaq Composite Index gained 11.78 points, or 0.41 percent, at 2,915.86. 
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<pubDate>
Thu, 09 Feb 2012 05:45:34 +0800
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<title><![CDATA[European stocks close lower   ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120209/news_20120209_56_817220.htm]]></link>
<description><![CDATA[
European stock markets closed slightly lower on Wednesday. London's FTSE 100 index of leading shares was down 0.24 percent at 5,875.93 points. In Paris, the CAC-40 index was virtually unchanged at 3,410.00 points and in Frankfurt the DAX 30 slipped a marginal 0.08 percent to 6,748.76 points. 
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<pubDate>
Thu, 09 Feb 2012 01:09:18 +0800
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<title><![CDATA[PBOC eases grip on mortgage lending    ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120209/news_20120209_56_817213.htm]]></link>
<description><![CDATA[
China's central bank has pledged support to first-time home buyers - a sign that the bank is easing its grip on lending. The People's Bank of China said banks must provide credit to first-home buyers. This is the first clear call to support mortgage lending since the PBOC started to calm the red-hot property market on the mainland two years ago. The central bank also said that banks should aid the economy's weak points, notably agriculture and areas that are vital to people's living. The PBOC's shift on housing came as more warnings were sounded on the mainland economy. The Ministry of Industry and Information Technology warned that growth in China's industrial output is likely to slow this quarter. But it said for the year as a whole, production growth might continue at a relatively rapid pace. The government is targeting 11 percent growth this year, after expansion of just under 14 percent last year.
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<pubDate>
Thu, 09 Feb 2012 00:45:36 +0800
</pubDate>
</item>
<item>
<title><![CDATA[China changes may impact economic policy    ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120209/news_20120209_56_817214.htm]]></link>
<description><![CDATA[
The ratings agency, Standard and Poor's, says the leadership changes in China this year and next may slow the country's policy response to any new external economic shocks. Its head of Asia Pacific sovereign rating, Kim-eng Tan, said some policymakers might not be willing to introduce stimulus measures similiar to those put in place in 2008. Mr Tan said leaders would focus their attention on domestic issues this year, such as inflation, unemployment and property prices. He said this meant the yuan was unlikely to appreciate in that period.
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<pubDate>
Thu, 09 Feb 2012 00:46:05 +0800
</pubDate>
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<item>
<title><![CDATA[HSI closes 319 higher   ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120209/news_20120209_56_817215.htm]]></link>
<description><![CDATA[
Hong Kong stocks closed higher on Wednesday. The Hang Seng Index added 319 points to 21,018 on turnover of HK$76.1 billion. The Shanghai Composite Index gained 55 points to 2,347. 
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<pubDate>
Thu, 09 Feb 2012 00:46:19 +0800
</pubDate>
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<item>
<title><![CDATA[China may 'move soon' to help Europe      ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120209/news_20120209_56_817202.htm]]></link>
<description><![CDATA[
An economist with the Chinese Academy of Social Sciences, Yuan Gangming, says China may "move shortly" to help Europe solve its debt crisis. He told Bloomberg that Beijing might invest as much as 100 billion euros in the euro zone bailout fund and a facility set up by the International Monetary Fund. He said China's contribution would be "meaningful" to stabilise conditions, while allowing Beijing to reap investment returns, improve its image and have a greater say in European and global financial talks. Mr Yuan said his estimates didn't necessarily represent what the government is planning to do. 
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<pubDate>
Thu, 09 Feb 2012 00:28:26 +0800
</pubDate>
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<item>
<title><![CDATA[China may 'move soon' to help Europe   ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120208/news_20120208_56_817126.htm]]></link>
<description><![CDATA[
An economist with the Chinese Academy of Social Sciences, Yuan Gangming, says China may "move shortly" to help Europe solve its debt crisis. He told Bloomberg that Beijing might invest as much as 100 billion euros in the euro zone bailout fund and a facility set up by the International Monetary Fund. He said China's contribution would be "meaningful" to stabilise conditions, while allowing Beijing to reap investment returns, improve its image and have a greater say in European and global financial talks. Mr Yuan said his estimates didn't necessarily represent what the government is planning to do. 
]]></description>
<pubDate>
Wed, 08 Feb 2012 17:28:27 +0800
</pubDate>
</item>
<item>
<title><![CDATA[HSI closes 319 higher  ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120208/news_20120208_56_817113.htm]]></link>
<description><![CDATA[
Hong Kong stocks jumped following gains on Wall Street and reports that Greece was nearing a bailout deal to avoid defaulting on its massive debt. The Hang Seng Index added 319 points to 21,018 on turnover of HK$76.1 billion. The Shanghai Composite Index gained 55 points to 2,347. 
]]></description>
<pubDate>
Wed, 08 Feb 2012 16:40:55 +0800
</pubDate>
</item>
<item>
<title><![CDATA[China changes may impact economic policy   ]]></title>
<link><![CDATA[http://rthk.hk/rthk/news/englishnews/20120208/news_20120208_56_817076.htm]]></link>
<description><![CDATA[
The ratings agency, Standard and Poor's, says the leadership changes in China this year and next may slow the country's policy response to any new external economic shocks. Its head of Asia Pacific sovereign rating, Kim-eng Tan, said some policymakers might not be willing to introduce stimulus measures similiar to those put in place in 2008. Mr Tan said leaders would focus their attention on domestic issues this year, such as inflation, unemployment and property prices. He said this meant the yuan was unlikely to appreciate in that period.
]]></description>
<pubDate>
Wed, 08 Feb 2012 14:27:45 +0800
</pubDate>
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