Money for Nothing
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8.03 am - News highlights of the day
* US shares fell for a a fourth day
* Housing continues to be a drag on the economy
On China -
"When this (Chinese) growth slows, it does impact earnings but it's still going to be a mixed picture here in Asia," says Mike Werner Senior equity analyst at Sanford Bernstein, who does not expect a hard landing and says that some of the Chinese banks look strong.
8.15 am - Budget Talk
Joy Yang, Chief Economist, Greater China at Mirae Assets says that it's hard to be optimistic about next year's budget as Hong Kong will be affected by the global macro-environment. "The U.S. dollar will be on the strong side, this means that the Hong Kong dollar will also be on the strong side and this will not help the exports sector."
On the domestic side, Ms. Yang says that "consumption will remain resilient for a while but sooner or later consumer confidence will be affected." She sees significant downside risks in the property market and a rise in unemployment, "the budget for the next fiscal year needs to be more aggressive."
8.22 am - Hong Kong's UST is home to Asia's highest ranked B-School
University of Science and Technology's Business School is the highest placed Asian institution in the 2012 Financial Times Global MBA rankings. Director of Masters programs' Steven Dekrey tells us why.