Service Journalism

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Service Journalism

• News you can use

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Business Journalism

• Its the Economy, stupid!

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Personal Finance

• Proliferation of investment opportunities
• More people own stocks, bonds and property

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Globalization

• Trade flow
• Capital flow

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Emerging Markets

• - High risk, high return
• - Latin America
• - Eastern Europe
• - East and Southeast Asia

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Who is this guy?
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Dot com boom

• Technology opens new frontiers

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How is Business Journalism different?

• - number crunching
• - timeliness
• - forward looking

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Common standards

• - accuracy
• - context
• - fairness

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Mass market outlets

• - Business pages of daily newspapers
• - Business papers Wall Street Journal, Financial
  Times, HK Economic Journal, HK Economic Times
• - Business magazines Fortune, Forbes, Business
  Week

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Wire services

• - Reuters
• - Dow Jones
• - Bloomberg
• - Bridge

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Trade publications

• McGraw Hill industry newsletters
• Womans Wear Daily
• PC world
• Petroleum Intelligence Weekly

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• Thursday, October 26, 2000
• Telecoms decline stops
• DAVID WILDER
• A modest rebound in telecommunications stocks
  pushed the Hong Kong market higher yesterday but
  trade remained depressed.
• The Hang Seng Index closed 135.21 points, or 0.9
  per cent, stronger at 15,061.14 as just HK6.99
  billion of shares changed hands.

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• "It was cautious, range-trading though some
  selective stocks stood out," Prudential-Bache
  vice-president of equities Michael Liang said.
• Gains in the telecommunications sector followed
  cheaper than expected costs for Italian
  third-generation telephone licences.
• Celestial Securities research head Herbert Lau
  Chung-kwan said "I think it could be positive
  for the sector as a whole. All the major markets
  in Europe except France have already sold their
  licences. That means in the near future there
  won't be this overhang over telecoms."

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• Thursday, October 26, 2000
• Stocks down, Nasdaq falls 190 points
• ASSOCIATED PRESS
• Stocks fell sharply Wednesday, pulling the Nasdaq
  composite index down 190 points, as disappointing
  revenue figures from Nortel Networks reawakened
  the market's worries about earnings.
• Nasdaq fell 190.20, or nearly 5.6 per cent, to
  3,229.59.
• The Dow Jones industrial average, which
  alternated between positive and negative
  territory throughout the day, closed down 66.59,
  or 0.6 per cent, at 10,326.48. The Standard and
  Poor's 500 index fell 33.23, or 2.4 per cent, to
  1,364.90.

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• Investors who had shown signs of relaxing about
  earnings reports in the past few sessions proved
  they are still nervous about profits, higher
  energy costs and an economic slowdown.
• ''They keep getting blindsided,'' said Larry
  Rice, chief investment officer at Josephthal and
  Co.
• Analysts, including Rice, said investors should
  readjust their outlooks, warning that a
  consistent stock rally could take a while.
• ''It's still not a time to throw caution to the
  wind,'' said Rice, who even warned investors
  against bargain hunting.

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Explanatory Journalism

• - Tell readers WHY
• -Give readers CONTEXT

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Motives

• - Tangible and Intangible
• - Greed and Fear

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Covering China Business

• A unique Hong Kong perspective