The Hong Kong government has cut its GDP growth forecast for this year to 1 to 2%, as it warned that the local economy will continue to be bogged down by the external environment. The latest projection, released on Friday, was down from the 2 to 3.5% ...

The People’s Bank of China Deputy Governor Chen Yulu said Thursday stabilising economic growth was its top priority and it will step up support for weak sectors. He said, “the PBOC will make stabilising growth a more prominent priority, strengthen cro...

Price rises in the United States eased in April, but not by as much as economists had forecast. The annual pace of inflation declined from 8.5% in March to 8.3% last month, the first decline in several months, but the rate of price increases remained ...

The head of the World Health Organisation has warned that China’s zero-Covid strategy is unsustainable. Tedros Adhanom Ghebreyesus said on Tuesday, “as we all know, the virus is evolving, changing its behaviours, becoming more transmissible. With that...

John Lee won the Chief Executive election in Hong Kong on Sunday, gaining 1,416 votes from the 1,500 members of the election committee. Mr. Lee promised to work to build on Hong Kong’s status as an international metropolis by expanding its internation...

The Hong Kong Monetary Authority has raised local interest rates by the most since 2000, mirroring a similar move on Thursday from the US Federal Reserve. The city’s base lending rate rose by 50bps to 1.25%, effective immediately. HSBC and Standard Ch...

The US Federal Reserve has raised interest rates as expected by half a percentage point, the biggest increase since 2000, to combat inflation which is at a 40-year high of 8.5%. The Federal Funds Rate was increased to a range of 0.75% to 1%, following...

Hong Kong’s Covid hit economy collapsed 4% y/y in the first quarter, far worse than economists' forecasts of a decline of 1.3% and way down from an expansion of 4.7% in the last three months of 2021, as the economy was battered by Covid restrictions, ...

HSBC is under mounting pressure to break up after its largest shareholder, Chinese insurer Ping An, told the bank to split its Asian and western operations, according to the Financial Times. Ping An, China’s largest insurer, owned 8% of the lender at ...

The Hong Kong Monetary Authority said on Thursday that it expects the Hong Kong dollar to touch the weak end of its narrow trading band with the greenback more often than usual this year, as the US Federal Reserve hikes rates to tame inflation. A deput...