News
US new home sales slip back again
The annual rate of US new home sales fell unexpectedly in September, raising doubts about the strength of the housing sector's recovery
Halloween scare as home sales slump
Back-to-back holiday weekends and policy changes may have taken a toll on home sales. New data recording a plunge in home sales suggest that Hong Kong's hot housing market has had two very chilly weekends - on the Chung Yeung and Halloween weekends, and after government steps to squelch a potential property bubble.
Stable basic interest rate predicted
Lao Dong reports that economic experts predict that the basic interest rate is not likely to be raised prior to the third quarter of 2010.
Banks still trying to lure more capital
Commercial banks are continuing to raise deposit interest rates in order to lure more capital to meet demands for loans which always increase towards the year end.
Banks asked to lend less until next year
Vietnam’s central bank has told commercial banks to reduce lending in the remaining months of the year as many banks have already posted high credit growth rates.