Daily Archives: December 4, 2012

Kate Allen

By Kate Allen and Jonathan Moules

A new institution which aims to maximise the UK’s world-leading position in the emerging field of data use for the creation of new businesses and services is set to launch today.

The Open Data Institute, which was announced by George Osborne in last year’s Autumn Statement, will be the first such organisation of its kind in the world. It will receive £10m government funding over the next five years and aims to raise an equal amount from private donors. It has already attracted $750,000 from eBay founder and philanthropist Pierre Omidyar. Read more

an investor looking at stock prices at a securities brokerage in ShanghaiChinese equities are in the doldrums. Both the Shenzhen composite and the Shanghai composite indices touched their lowest level in over three years this week, marking a loss for both indices of around 10 per cent since the start of the year.

But not all Chinese stocks are falling. Hong Kong’s Hang Seng China Enterprises Index, composed of mainland companies, is up by around 6 per cent. So stock selection matters. Chart of the week takes a look.

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