NEW YORK, Oct 14 (Reuters) – U.S. stocks were led higher by technology shares while crude prices dipped on Monday as investors, amid light Columbus Day trading, looked past signs of economic softness in China and girded themselves for a string of high-profile corporate earnings reports. Megacap tech-adjacent growth stocks provided much of the upside…
A gauge of interbank borrowing costs in Hong Kong dropped for the first time in 13 sessions as local stocks retreated following a rally fueled by China’s stimulus blitz. The one-month Hong Kong Interbank Offered Rate fell 19 basis points to 4.42% on Wednesday. The rate had been on the rise as demand for the…
Hong Kong’s long-dormant currency has come out of hibernation, as demand soars following a remarkable rally in Chinese stocks listed on the city’s bourse. As supply for the Hong Kong dollar tightened, its one-month funding costs have climbed for 10 straight days to the highest since late July. Transactions in the currency’s options also reached…
That would threaten a critical lifeline for Russian businesses, which became heavily reliant on the yuan as trade with China ramped up after President Vladimir Putin ordered the invasion of Ukraine in 2022. The war triggered Western sanctions that largely shut out Russia from the global financial system. In June, the U.S. expanded its sanctions,…