By David Milliken and Phoebe Seers LONDON (Reuters) -Global financial markets could tumble if investors’ mood sours on the prospects for artificial intelligence or the independence of the U.S. Federal Reserve, the Bank of England warned on Wednesday. The BoE said share price valuations on U.S. stock markets were similar to those seen near the…
By Rae Wee and Jiaxing Li SINGORE/HONG KONG, – U.S. President Donald Trump’s erratic policies are rattling a currency peg that has withstood the test of time and is seen as an anchor for China and Asia. The Hong Kong dollar has whipsawed from one end of its narrow trading band to the other versus…
A debt-ridden independent school in Hong Kong has said it aims to settle outstanding payments to parents by the end of the next year with the help of a “white knight”. Xu Li, the founding supervisor of Han Academy, said on social media on Tuesday that a financial rescuer had stepped in and that the…