The People’s Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create a framework for bilateral transactions between Indonesia and Hong Kong. The parties aimed to implement a currency transaction framework for the direct exchange and settlement of Indonesian rupiah and Chinese yuan in cross-border trade and…
Hong Kong police are investigating an alleged robbery in which 58 million Japanese yen (US$376,600) was stolen outside a currency exchange shop in Sheung Wan. The force said a passerby reported the case at 9.47am on Friday, with initial investigations suggesting two men made off with the money worth HK$2.94 million near 272 Des Voeux…
Hong Kong police have arrested one suspect after four armed men robbed the staff of a currency exchange shop of 1 billion Japanese yen (US$6.4 million). The force said it received a report at 9.06am on Thursday from a staff member who, along with a colleague, was robbed of cash equivalent to nearly HK$50 million…
BANGKOK (AP) — Shares were mostly lower in Asia on Monday while U.S. futures advanced after Wall Street’s lackluster finish to last week. Tokyo’s Nikkei 225 fell 0.3% to 50,226.67 after the government reported that the Japanese economy contracted at a 1.8% annual pace in the July-September quarter. The dollar rose against the Japanese yen,…
Wall Street’s major indices pushed higher on Tuesday, a day after striking record highs on optimism over a reduction in US-China trade tensions. “Record highs yesterday for the major indices weren’t enough,” said Briefing.com analyst Patrick O’Hare. “The market is coming back for more this morning, heartened by recent earnings reports, visions of a rate…
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Sanae Takaichi listens to a question after visiting the Yasukuni shrine to honour the war dead durig the shrine’s spring festival in Tokyo on April 23, 2015. Toshifumi Kitamura | Afp | Getty Images Having won the presidency of Japan’s ruling Liberal Democratic Party, Sanae Takaichi is on the verge of becoming the country’s first…
The number of Japanese travellers to Hong Kong jumped more than 32 per cent for the first half of this year compared with the same period in 2024, an encouraging sign of recovery for tourism authorities in the Chinese city seeking to draw more visitors from the Land of the Rising Sun. Between January and…
Stock mostly fell Thursday ahead of a widely awaited speech on US interest rate policy, though a deal on American tariffs for a swathe of EU goods gave a late-session boost to European markets. The agreement, struck as part of President Donald Trump’s tariffs blitz, will see most EU exports face 15-percent levies but ended…
MANILA, Philippines (AP) — World shares were mixed Thursday ahead of a key meeting between U.S. President Donald Trump and Russian President Vladimir Putin at the week’s end. Bitcoin briefly rose more than 3% to a new record of over $123,000, according to CoinDesk. It later fell back below $122,000. The future for the S&P…