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…
We recently published a list of 10 Best Stocks To Buy For Financial Stability. In this article, we are going to take a look at where McDonald’s Corporation (NYSE:MCD) stands against other best stocks to buy for financial stability. Investing in stocks is one of the most effective ways to build long-term financial stability. While…
We recently published a list of 10 Best Stocks To Buy For Financial Stability. In this article, we are going to take a look at where Costco Wholesale Corporation (NASDAQ:COST) stands against other best stocks to buy for financial stability. Investing in stocks is one of the most effective ways to build long-term financial stability….
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…
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)…
Hong Kong’s cash-strapped Urban Renewal Authority intends to adjust the pace of its projects to ensure better financial stability, while private developers will be briefed in advance on plans to avoid failed tenders. The changes, outlined by managing director Wai Chi-sing on Sunday, were aimed at helping the authority maintain adequate cash flow and avoid…
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…
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…