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) (AFX UK Focus) 2007-09-21 06:53 GMT: Hong Kong shares end morning lower; commodities, Cathay shine UPDATE
HONG KONG (XFN-ASIA) - Share prices finished the morning session lower in volatile trade amid profit-taking in China Mobile and property stocks, while commodity counters and Cathay Pacific Airways helped limit the market's downside.A pullback on Wall Street overnight weighed on sentiment, while some investors also used a report that China will set a ceiling on the overall amount that can flow to Hong Kong through the mainland's individual investor program as an excuse to lock in profits.
Metals, mining and oil stocks extended gains on strong global commodity prices, while Cathay Pacific was boosted by expectations that its debt servicing cost will fall due to a weakening US dollar.
Mainland airlines were mixed amid profit-taking after strong gains yesterday.
The Hang Seng Index ended the morning down 63.18 points or 0.25 pct at 25,637.95, off a low of 25,554.54 and high of 25,761.19. More>>
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) How To Handle a Cash Crunch
(ARA) - In the world of living paycheck to paycheck, unforeseen expenses create a very stressful situation. Whether the car breaks down, the water heater blows a leak or your dog needs emergency surgery from eating the hallway rug, finding a way to get out of the red gets harder every day. If you don't have an emergency savings account, the alternatives of how to pay for these situations are limited. If you have a credit card and are already making payments, you know how long it takes to pay back credit debt even if you have a low interest rate. A larger balance creates a bigger monthly payment. If you're already struggling to make the minimum payment, the debt will continue to grow with no end in sight.Here are a few options for you to pay for emergencies and to make solid but simple changes in how you manage your finances:* Credit counseling -- Talk with a financial advisor for help in creating a budget. More>> - (
) Residents keep up pressure against consolidaton project
SALTSBURG - Though they've said it all before, Saltsburg community members gathered at a public hearing Tuesday to speak out against a middle/high school consolidation plan for Blairsville-Saltsburg School District that will force Saltsburg students to be bused to Blairsville. School, architectural and financial officials provided an overview of the project for the Blairsville campus before allowing the public to speak at the Act 34 hearing. Act 34 requires that no major school construction can be undertaken without making certain facts and details about a project known. The maximum project cost set for the work at Blairsville is $17,851,554. The maximum building cost, which applies only to new construction at the Blairsville campus, is $11,815,146. The plan adds about 63,000 square feet of additions to the Blairsville campus, along with renovations, said J. More>> - (
) 4 books: global crisis, wealth, superpower politics: China, finance, trade, jobs, conflict
Is a world war or peace coming? What is the next stage global finance, trade, outsourcing, jobs, politics, investment, leadership, international relations? Talk to 3 top thinkers Andre Gunder Frank, George Zhibin Gu, Chalmers Johnson. 4 provocative books that can change your mind in 2007 about the geo-politic and geo-economic dynamics going on Interviews by Jorge Nascimento Rodrigues, editor of Gurus online. tv George Zhibin Gu, author of two new books, "China's Global Reach" and "China and the New World Order" Chalmers Johnson, author of "The Sorrows of Empire" Andr� Gunder Frank, author of the forthcoming "ReOrient the Nineteenth Century" (a sequel of his 1998's "ReOrient") FIRST STORY A view from an insider George Zhibin Gu CHINA IS BECOMING A GLOBAL THEATER "A new power balance will emerge gradually and most likely indirectly" INTERVIEW First idea: "Today, most Chinese would prefer to be the one just following the leader. More>> - (
) Consolidation proposals are heard anew in Princeton
Calls for consolidation have always failed in Princeton. But it still has proponents in both towns — and they say that new state statutes will help to overcome the obstacles that have prevented the two municipalities from combining forces in the past. Last month, Township Committeeman Chad Goerner explained those changes in a guest opinion piece in The Packet. The reason, he said last week, was to inform people about the new alternatives to what he called the "top-down" method — recommendation of consolidation by the newly created a state consolidation commission, called the Local Unit Alignment, Reorganization and Consolidation Commission. The alternatives were created with the recent supplement to the Municipal Consolidation Act, which allows governing bodies to apply to establish a consolidation commission rather than placing a referendum question on the ballot. More>>