Hong Kong is on the cusp of a big, beautiful bull run. But it’s in danger of being ruined. The financial center is finally getting back on its feet. The city is leading in global initial public offerings rankings this year. Its stock market is one of the world’s best performing. Meanwhile, rents have returned…
May 1 (Reuters) – Gold dipped to a two-week low on Thursday, pressured by signals of softening trade tensions and a holiday in top consumer China, while focus was also on Friday’s U.S. payrolls report to gauge the economic outlook. Spot gold was down 2% at $3,222.43 an ounce at 9:30 a.m. ET (1330 GMT),…
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There are not many certainties in the world of money, but this traditionally has been one of them: When life turns scary, people take refuge in American government bonds. Investors buy U.S. Treasuries on the assumption that, come what may — financial panic, war, natural disaster — the federal government will endure and stand by…
Stocks on Wall Street ended a volatile week with a bounce on Friday, while government bond markets continued to signal investor worry about the impact of new import taxes, as China raised its tariffs on American-made products to 125 percent. The S&P 500 fell as much as 0.9 percent in morning trading before rallying through…
Hong Kong’s currency has strengthened to its strongest level in four years against the US dollar, driven by the demand from mainland China’s stock buyers who are dipping into one of the world’s cheapest major capital markets through the Stock Connect scheme. The local dollar changed hands at 7.7595 for every US$1 on Thursday morning,…
Both the protests and the market fallout could have been worse, Deutsche Bank strategist Jim Reid said in a note to clients on Monday. “The fact that he wasn’t charged with terrorism means the news isn’t as extreme as it could have been,” he argued, noting that “such a move would have led to the…
Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump’s looming tariffs against Chinese goods. Investors were also watching for any last-ditch deals to ward off the levies hitting Mexico, Canada and China due to come into force on Tuesday. Trump has…
Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump’s looming tariffs against Chinese goods. Investors were also watching for any last-ditch deals to ward off the levies hitting Mexico, Canada and China due to come in force Tuesday. Trump had confirmed…
Copper and zinc rose after President Donald Trump delayed tariffs on Canada and Mexico by a month, dragging the US dollar lower. Copper, an industrial bellwether, extended gains Tuesday amid the reversal in sentiment. Trump said he’s delaying the 25% levies on Canada and Mexico after both US neighbors agreed to take tougher border-control measures,…