Jerome Powell

New Business

Hong Kong interbank rates forecast to drop on expected US monetary easing in 2026

The US Federal Reserve under a new chairman in 2026 is expected to press ahead with interest rate cuts of…

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New Business

China sets yuan fixing rate at 15-month high amid offshore gains

China’s central bank has set the yuan’s daily reference rate at its strongest level in 15 months, as the currency…

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New Business

China’s currency comeback: yuan seen as strong as 6.8 in 2026, breaking key dollar level

China’s currency appears poised to break through the psychological 7.0-per-dollar barrier next year, fuelled by US Federal Reserve rate cuts…

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New Business

Hong Kong stocks advance on China stimulus bets and Fed interest rate cut

Hong Kong stocks rose on Thursday as investors bet on fresh stimulus ahead of the Central Economic Work Conference (CEWC),…

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New Business

Developing | Hong Kong pares base rate in salve for borrowers, as a split Fed signals fewer cuts ahead

Hong Kong’s de facto central bank has cut its base interest rate for the third time in three months, lowering…

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New Business

China sets strongest yuan fix in over a year as Fed-cut bets rise

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more…

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New Business

As China holds the line in ‘trade war 2.0’, its yuan follows suit

When US President Donald Trump fired the opening salvoes of his country’s trade war with China in his first term,…

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New Business

Emerging-market stocks have risen every month this year, first unbroken streak since 1993

The emerging-market equity benchmark gained for a 10th consecutive month in October, as an artificial intelligence (AI) boom and a…

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New Business

Breaking | Hong Kong follows US in quarter-point interest rate cut to reduce loans cost for borrowers

Hong Kong’s de facto central bank cut the base interest rate for the second time in six weeks, further reducing…

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New Business

China’s central bank sets daily yuan rate against US dollar at strongest level in a year

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in a…

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