Hong Kong’s Paul Chan banks on better market sentiments as retail sector stabilises

Hong Kong’s Paul Chan banks on better market sentiments as retail sector stabilises

Hong Kong’s finance chief has anticipated improving market sentiments after downward trends in the retail, catering and property sectors show signs of stabilising, and the prospect of an interest-rate cut cycle emerging. Financial Secretary Paul Chan Mo-po said on Sunday that authorities had been paying attention to the slow recovery of the retail and catering…

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Americans are still spending despite economic fears | Local News

Americans are still spending despite economic fears | Local News

Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’ expectations of a 0.2% increase, according to…

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