Jaguar Land Rover (JLR), the British luxury car manufacturer, announced on Saturday that it will temporarily halt shipments to the United States in April. The company is responding to the 25% tariff on vehicle imports that was imposed by the Trump administration, as it works on long-term strategies to mitigate the financial impact of the…
The Hang Seng Index edged up 0.1 per cent to 23,495.17 at 10.05am local time, while the Hang Seng Tech Index was 0.5 per cent lower. On Friday, the indexes ended up 4 per cent and 6.5 per cent, respectively, their best trading day since October. On the mainland, the CSI 300 Index and the…
The People’s Bank of China (PBOC) said it would tender central bank bills totalling 60 billion yuan (US$8.2 billion) in Hong Kong on Friday, marking the second time this year it has used the policy tool to stabilise the yuan amid tariff tensions with the US. The PBOC said it would tender 40 billion yuan…