Home foreclosures in Hong Kong have risen for two quarters in a row and are expected to increase again in the coming period, Centaline Property said, as property transactions experience an uptick. For the third quarter, 189 foreclosures of private residential properties – those seized by banks due to missed mortgage payments – were recorded,…
Affected customers of the now defunct Physical fitness brand in Hong Kong will be able to transfer any remaining beauty packages, according to its new investor, although some members are worried they will be forced to buy more services or that their existing contracts will not be valid without receipts. A spokeswoman for the investor,…
China’s stock markets slumped after a 10-day rally that was driven by Beijing’s stimulus announcement in September. Investors were disappointed when a hyped-up Chinese government press briefing failed to deliver more stimulus. Retail investors dominate China’s markets, influencing sentiment and market movements. Thanks for signing up! Access your favorite topics in a personalized feed while…
The upcoming inflation report will help determine the Fed’s next move. Friday’s surprisingly strong jobs data has slashed bets of a half-point rate cut. The Fed is more likely to leave rates unchanged in November if price growth is strong, UBS says. Thanks for signing up! Access your favorite topics in a personalized feed while…
September’s big payroll jump will eventually be revised down, Pantheon Macroeconomics said. A low response rate to the report is a “red flag,” the research firm said. The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. Thanks for signing up! Access your favorite topics in a personalized…
Hong Kong has recorded one more death and another 30 infections linked to a citywide outbreak of a Group B Streptococcus strain related to contact with raw freshwater fish. The Centre for Health Protection (CHP) said on Friday that the 30 new cases logged in the past four days involved 16 men and 14 women,…