Trump’s digital dollar ban opens the door for China’s yuan
The US president's decision to halt CBDC development may inadvertently hasten the de-dollarisation trend, smoothing path for ...
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WeBank’s Henry Ma outlines big plans for Web3 expansion in Hong Kong
WeBank shared its plans to tap into the expanding Web3 market in Hong Kong. According to reports, the Tencent-backed lender wants to use its subsidiary to ...
Wall Street surrenders gains after White House confirms Trump tariff move
Stocks surrendered early gains and closed lower after the White House said President Trump would impose promised tariffs on ...
EconoTimes5d
Hong Kong Keeps Interest Rates Unchanged, Tracking Fed's Decision
The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75% on Thursday, aligning with the U.S. Federal ...
Hong Kong central bank keeps base rate unchanged as Fed holds steady
The Hong Kong Monetary Authority left its base rate unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal ...
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Hong Kong banks to focus on resilience, costs in 2025: KPMG
Interest rate reductions are likely to be slower. Resilience, costs, and digital transformation are the top priorities of ...
China Seeks To Steady The Yuan As Trump Takes Office
China’s central bank moved on multiple fronts this week and last in an effort to shore up its currency, the yuan, which has languished near a 16-month low relative to the dollar.
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Stock market today: World shares gain after S&P 500 climbs to a record and Bank of Japan raises rate
World shares have advanced after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate ...
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Scrapping it would shake confidence, jeopardise reliability and introduce currency volatility, one of the most significant risks in investment
The Hong Kong Monetary Authority, the city’s de facto central bank, has made its position clear. It recently reaffirmed its stance that “we have no intention, and we see no need to change ...