The Hong Kong Monetary Authority left its base rate unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady. Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a tight range of 7.
The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75% on Thursday, aligning with the U.S. Federal Reserves decision to hold rates steady. Hong Kongs monetary policy follows U.S. interest rate moves
HSBC and other major banks will only announce their interest-rate decisions on Monday, the first working day of the Lunar New Year.
Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded.
Owners registered 47,917 mortgages on various properties in 2024, the least since Centaline Property began tracking the data in 2000.
Chinese risk-free rates are at 20 year lows. This coupled with new policy moves may buoy the Hong Kong and Chinese markets.
Home prices fell 7.1 percent in 2024, official figures showed on Friday. It was the third year in a row of declining prices, which have dropped 27
Massachusetts Senator Peter Durant wants the state to establish a strategic Bitcoin reserve amid global clamor for the coin.
HONG KONG, Jan 28, 2025 (BSS/AFP) - Japanese tech firms sank Tuesday after a sell-off in US titans following news of China's DeepSeek chatbot, while the dollar rallied on a report saying Washington was considering universal tariffs on a range of goods.
Reactions to the Chinese app's sudden global fame have varied among market participants, U.S. officials and tech companies, and more news and developments surrounding DeepSeek are sure to follow. Like many of our readers, I'm also eager to learn more about this relatively unknown company, and Nikkei Asia is working to cover as much as possible.
The new voters on the Federal Reserve's policy committee in 2025 are an official seen as one of the system's most dovish, as well as a centrist and two new faces who could bring a more stringent anti-inflation perspective. It's the latest change as the company continues to simplify its businesses.
World shares were mostly lower on Monday after U.S. stocks edged back from their all-time high, with many Asian markets closed for holidays. In early European trading,