This fuelled a sharp rally in the yen, causing a disorderly unwinding of the yen-funded “carry trade” and contributing to a staggering 20 per cent decline in the Topix index, …
Economists are struggling to reconcile their upbeat views on the US economy with the angst of average Americans. The key measures of economic performance – growth, unemployment and inflation – …
New World Development (NWD), the conglomerate owned by one of Hong Kong’s wealthiest families, said it has completed around HK$35 billion (US$4.5 billion) in “low-interest and long-tenure” loans and debt …
A new residential project in Tuen Mun has gained traction on the back of generous discounts from Sun Hung Kai Properties (SHKP), while sales of another project in Cheung Sha …
The Hang Seng Index, which surged as much as 31 per cent through May from a January low in a US$1.2 trillion bull run, has been struggling to find direction …
In India, Prime Minister Narendra Modi’s ruling Bharatiya Janata Party (BJP) surprised pundits by losing its outright parliamentary majority, forcing it to seek coalition partners to govern. While this allays …
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 …
HSBC, Hong Kong’s biggest note-issuing bank, and DBS Hong Kong will keep their key lending and deposit rates unchanged, meaning mortgage borrowers and companies face a longer wait for relief …
The Fed’s policymakers signalled just one rate cut this year, pencilling in four reductions in 2025. That did little to douse the fervour in the stock market, as the S&P500 …
Hong Kong developer Sun Hung Kai Properties is set to sell a new batch of flats in its latest project in Tuen Mun at a discount of up to 17 …