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Money Magazine

SHOPPERS LAST YEAR FLOCKED TO BUY GIFTS FOR CHRISTMAS. THIS YEAR, WITH THE FINANCIAL TSUNAMI AND PROSPECTS OF WORSE TO COME, CUSTOMERS ARE BEHAVING QUITE DIFFERENTLY.

Money Magazine

WITH THE GLOBAL ECONOMIC SLOWDOWN, MANY COUNTRIES ARE NOW IN A RECESSION, HAMPERING CHINA'S EXPORTS. THE CENTRAL GOVERNMENT ADDRESSED THIS BY LAUNCHING A 4 TRILLION YUAN STIMULUS PACKAGE.

Money Magazine

VOLATILITY CONTINUES TO PLAGUE THE WORLD'S STOCK MARKETS. EVEN HEDGE FUNDS, WHICH ONCE HAD AN AURA OF INVINCIBILTY, HAVE BEEN TAKING A BEATING.

Money Magazine

MARKET WATCHERS HAVE BEEN HOPING THAT NEW US PRESIDENT BARACK OBAMA CAN THINK OF WAYS TO BOOST THE US ECONOMY, INCLUDING STABLISING WHAT SEEMS TO BE THE ORIGIN OF THE FINANCIAL TSUNAMI, THE US PROP

Money Magazine

THE FINANCIAL TURMOIL IS QUICKLY STARTING TO HAVE ITS AFFECT ON THE WORK FORCE IN HONG KONG, WITH SEVERAL SECTORS SCALING BACK.

Money Magazine

AFTER CITIC PACIFIC REPORTED IT LOST MORE THAN $15 BILLION ON FOREIGN EXCHANGE CONTRACTS, CHINA RAILWAY GROUP AND AND CHINA RAILWAY CONSTRUCTION SUFFERED $2 BILLION AND $300 MILLION IN LOSSES IN FO

Money Magazine

MARKETS ARE BREATHING SLIGHTLY EASIER SINCE THE COORDINATED EFFORTS OF EUROPEAN GOVERNMENTS TO PUMP CASH INTO THE BANKING INDUSTRY. BUT THIS COULD ONLY BE TEMPORARY.

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