Property Market Goes Downward Transactions are picking up in the property market. But that comes as developers are slashing prices to make sales, and producer Alice Kan finds that there may still be more downward pressure on prices later this year. Cathay Results Hong Kong’s flagship carrier, Cathay Pacific, has announced a record loss of $8.56. much of that loss is the result of wrong way hedging on fuel prices last year when the price of oil was sky high. The company was hit with $7.6 billion in losses as oil plunged to around $40 a barrel. Lower ridership as the world economy tanks has also hit the company hard. What are the prospects for Cathay going forward? Labour During these tough times, more people are getting laid off. Money Magazine takes a close look at what people are entitled to if they get sacked, depending on how long they have been with their company. Convention Biz In HK Hong Kong has long been known for its ability to host some of the best trade fairs in this part of the world. But as the global recession sets in, many exhibitors are finding it difficult to meet buyers as fewer people travel to the city. As reporter Michael Wong finds, some of the more well known shows are attracting fewer visitors in the first three months.