Trump tariffs will prolong high interest rates, Hong Kong’s Paul Chan warns

Trump tariffs will prolong high interest rates, Hong Kong’s Paul Chan warns

America’s new tariffs on Chinese imports could trigger domestic inflation in the United States, potentially prolonging Hong Kong’s high interest rate environment and putting pressure on locally based businesses, the city’s finance chief warned on Sunday. Financial Secretary Paul Chan Mo-po also said city authorities were considering adjusting a HK$2 (26 US cents) concessionary fare…

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Hong Kong’s Paul Chan warns Trump tariffs will prolong high interest rates

Hong Kong’s Paul Chan warns Trump tariffs will prolong high interest rates

America’s new tariffs on Chinese imports could trigger domestic inflation in the United States, potentially prolonging Hong Kong’s high interest rate environment and putting pressure on locally based businesses, the city’s finance chief has warned. Financial Secretary Paul Chan Mo-po also said on Sunday that city authorities were considering adjusting a HK$2 (26 US cents)…

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This 28-year-old is risking her financial future to support her unemployed mom. Is it worth going deeper into debt?

This 28-year-old is risking her financial future to support her unemployed mom. Is it worth going deeper into debt? In a recent Reddit post, Annie, a 28-year-old college student, shared her history of balancing financial obligations at home while working and covering the cost of her tuition. She lives with her mother, Erin, 48, and…

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The Urban Renewal Authority may consider issuing more bonds, the organisation’s managing director has said. Photo: Sun Yeung

Hong Kong’s Urban Renewal Authority to weigh bond issuance, borrowing after failed tender

Hong Kong’s cash-strapped Urban Renewal Authority may consider issuing bonds or borrowing more money as it reveals plans to take on a major redevelopment project in Kowloon City on its own after a failed tender in September. The authority’s managing director Wai Chi-sing said it was exploring the “self-initiated approach” to the Kai Tak Road/Sa…

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