Expect another big leg down between now and January 2009, says Clem Chambers, CEO of ADVFN. He tells CNBC's Stephen Sedgwick & Christine Tan that that will be the true capitulation point for the markets.
Japanese cabinet ministers are putting pressure on the Bank of Japan urging it to respond to deflation. "We've had a very contractionary fiscal policy combined with a contractionary monetary policy and that's really beginning to show now," Lisa Fox from Japaninvest said Tuesday.
City Telecom is a broadband provider in Hong Kong after launching in 1992 as an international calling-card company. It now adds more than 40,000 new customers every 6 months. NiQ Lai, CFO of City Telecom, told CNBC their goal is to "become the largest IP service provider in Hong Kong by 2016."