Hong Kong must keep cash buffer amid complicated geopolitics: Paul Chan

    Hong Kong must keep cash buffer amid complicated geopolitics: Paul Chan

    Hong Kong must maintain cash reserves to cope with geopolitical shocks and support long-term growth, even with a surplus expected in the government’s operating account this year, the financial secretary has said. Paul Chan Mo-po also said on Saturday that the city’s economy outperformed forecasts last year, lifted by strong exports to Southeast Asia and…

    Read More
    US approves some Nvidia UAE sales, Bloomberg News reports

    US approves some Nvidia UAE sales, Bloomberg News reports

    (Reuters) -The United States has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, Bloomberg News reported on Wednesday. The Commerce Department’s Bureau of Industry and Security recently issued the Nvidia export licenses under the terms of a bilateral artificial intelligence agreement hashed out in May, the report said, citing…

    Read More