Hong Kong’s jobless rate edged up by 0.1 percentage point over the past three months to 3.9 per cent after holding steady in the period between August and October last year, with unemployment rising in the insurance, construction and finance sectors. But labour authorities remained optimistic, saying the growing economy would support the job market…
Investors are keenly awaiting the release of Nvidia’s earnings this week (JUSTIN SULLIVAN) Tokyo and Seoul led equity losses on Tuesday, while bitcoin fell below $90,000 as investors grow increasingly worried about frothy tech valuations, with focus on earnings this week from AI chip titan Nvidia. Building anxiety that this year’s record rally linked to…
Britain’s annual rate of consumer price inflation remained at 3.8% in September, below expectations, official figures showed on Wednesday. Most economists polled by Reuters and the Bank of England had forecast that the headline measure of inflation would rise to 4.0% after holding at 3.8% in August and July. British inflation will be the highest…
Federal Reserve boss Jerome Powell’s remarks on the US labour market fuelled expectations for another interest rate cut this month (ROBERTO SCHMIDT) Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month. After a volatile couple of…
Presidents Donald Trump and Xi Jinping are expected to discuss the US-China TikTok deal in a call due later Friday (Kirill KUDRYAVTSEV) Asian markets were mixed Friday at the end of a strong week for investors following a US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping…
Hong Kong’s unemployment rate rose to 3.4 per cent and hit its highest point in more than two years, with the construction and financing sectors notably affected, a trend experts expect to persist through to the end of 2025. Preliminary data from the Census and Statistics Department released on Tuesday showed that the unemployment rate…