Hong Kong interbank rates rose slightly on Thursday morning. The one-week Hibor, or Hong Kong interbank offered rate, rose to 4 per cent, up 3.6 basis points from a day …
Beijing has announced 300 billion-yuan (US$41.5 billion) in funding to help clear excess housing inventory, as well as measures to ensure developers have access to financing and to encourage the …
Gold bars are displayed for sale alongside packaged kimchi and ramen in convenience stores across South Korea, with the yellow metal gaining among younger consumers in 2024. South Korea’s largest …
Escalating tensions in the Middle East and risk of a delayed easing in global interest rates could threaten Singapore’s economic rebound this year, according to the central bank’s latest review. …
Lan, 67, was sentenced to death on April 11 for her role in embezzling US$12.5 billion in a complex bond fraud channelled through hundreds of shell companies over 10 years. …
The Bitcoin network secures more than $1.4 trillion in value. That’s slightly less than the Taiwan Stock Exchange and slightly more than the market cap of Meta. Financial giants such …
Even allowing for the long-standing tendency towards excess on the part of stock investors – which has all too often resulted in boom-and-bust cycles – the apparent inability of markets …
At the end of last year, investors were convinced that interest rates in the world’s leading economies would come down sharply this year. Following the US Federal Reserve’s unexpected signal …
Beijing: China refrained from cutting a key policy interest rate as its central bank sought to shield the yuan from volatility, underscoring the challenges policymakers face as they try to …
The bank has been following such a policy by holding down interest rates to encourage consumer spending. Its policy has sharply contrasted with the US Federal Reserve, which has hiked …