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US Federal Reserve

Illustration: Lau Ka-kuen

Open Questions | Economist Huang Yiping on Trump trade war 2.0 and China’s stimulus ‘U-turn’

Huang Yiping of Peking University talks the re-election of Donald Trump and why China needs its own Marshall Plan.

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Another 17 firms to set up offices in Hong Kong under push to develop I&T sector

Hong Kong home prices to bottom out in short term after rate cut: analysts

Fed rate cut gives China room to move as Beijing eyes more economic stimulus

US Federal Reserve lowered its benchmark rate less than a day before China is expected to release its latest economic stimulus plan.

US Federal Reserve Board chairman Jerome Powell. Photo: Xinhua

Hong Kong’s base interest rate drops to 5% in second cut

Together with the half-percentage-point cut in September, Hong Kong’s key rate has now fallen back to February 2023’s level.

Opinion | Trump’s return as president marks the end of American exceptionalism

Trump’s second term will mark a turn in US foreign policy towards a transactional approach and hasten the start of a multipolar world order.

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US Federal Reserve eases rates with quarter-point cut

Fed chairman Jerome Powell is expected to be questioned on Thursday about economic impact of Trump’s US election victory.

A screen on the floor of the New York Stock Exchange shows the Federal Reserve rate decision on Thursday. Photo: AP

Wall Street stocks, bitcoin, US dollar soar following Trump win

However, concerns about inflation and higher interest rates emerged, leading to a decline in Treasury bond prices and European stock markets.

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Editorial | Industrial profits slide highlights China’s need for balanced economy

Amid mixed signals on the health of the economy, President Xi Jinping calls on top officials to keep China on track to meet annual growth target of about 5 per cent.

Opinion | Why Trump tariffs 2.0 may well result in a G2 world

Trump’s proposed tariffs on US imports would drive inflation and squeeze middle powers, but is that all part of the plan?

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On November 9, 2017, US and Chinese presidents Donald Trump and Xi Jinping attend a business leaders’ event at the Great Hall of the People in Beijing. If re-elected, Trump will erect a Fortress America of trade with new tariffs, weakening middle industrial powers like Germany and Japan and solidifying the centrality of a G2 – China and the US. Photo: AFP

Gold’s shine fades in India as US election, high prices dampen Diwali demand

While gold is often seen as a safe haven, traders are hesitant to purchase due to the potential for price fluctuations after the US election.

A salesman helps a customer select gold bangles at a jewellery showroom in Mumbai. Gold prices near record highs, driven by US election uncertainty, are dampening India’s peak festival gold buying season, with sales down 10-20 per cent. Photo: Reuters

Hong Kong property: Chinachem’s Cheung Sha Wan project sells out

The developer found buyers for all 198 units in the project, agents said.

HKEX’s third-quarter profit rises 7% on IPOs, turnover

Funds raised from IPOs in the June to September quarter reached HK$42.2 billion, six times higher than a year earlier.

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Asia hedge funds outperform global peers on September rally

September gains near 5 per cent pushed Asia fund returns to 9.7 per cent for the first nine months, above the global average.

People walk on a pedestrian bridge that displays the stock prices from the Shanghai and Shenzhen exchanges on September 27, 2024 in Shanghai. Photo: Getty Images

Chinachem to sell Hong Kong flats at 2016 levels as recovery proves elusive

Developers still need to offer discounts as market purchasing power is still not sufficient, according to Martin Wong at Knight Frank.

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Potential buyers look at a model residential project by Henderson Land in a showroom in Tsim Sha Tsui in June 2024. May Tse

Macroscope | Why investors should be fearful when China bulls are greedy

While there are reasons for optimism with the news coming out of the Fed and Beijing, the case for caution is much stronger.

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Hong Kong developers plan nearly 18,000 new flats amid rate cuts

The government has approved presale consent for several projects, with developers eager to offload unsold inventory.

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Citigroup boosts Hong Kong team to support Chinese firms’ global ambitions

Wall Street bank strengthens advisory services team as it targets mid-sized companies with specialised banking services.

Citigroup’s commercial banking arm is hiring strategically in Hong Kong under a newly introduced team structure. Photo: Jelly Tse

China’s yuan faces volatility amid US pressure and home-grown stimulus: analysts

A stronger yuan could drag down China’s export growth, and the central bank is expected to guard against excessive appreciation.

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HSBC sees 6 US rate cuts until June in boon for Hong Kong’s economy

Lower rates will benefit the city’s economic recovery, but there has been no immediate increase in demand for loans, HSBC Hong Kong CEO Luanne Lim says.

Hong Kong developer Lai Sun’s property project lapped up by buyers

Buyers flock to Lai Sun’s The Parkland in Yuen Long, snapping up nearly all units amid rate cuts and stock market gains, boosting market confidence.

Lai Sun Development put 98 units on sale at The Parkland residential project on Sunday. Photo: Jonathan Wong

Homebuyers flock to Sun Hung Kai’s Cullinan Sky project in Kai Tak amid rate cut

As of 7pm, homebuyers snapped up 204 flats out of the 300 units on offer at Cullinan Sky Phase 1.

Homebuyers pack Sun Hung Kai Properties’ sales office for Cullinan Sky Phase 1 at the ICC in West Kowloon. Photo: Jonathan Wong

Opinion | How a wider Middle East war could bring a world recession

Volatile oil prices, shaky investor confidence and prospects of interest rate increases threaten a global slowdown if Israel’s war expands.

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Foreign inflows may persist as China’s policy easing gives assets facelift

Analysts expect inflows into Chinese assets to persist as Beijing continues to implement easing measures.

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India’s stock market set for surge with high-profile IPOs ahead of Diwali

India’s stock market is set for a surge in IPOs, thanks to the US Fed’s rate cut and during the festival season, with new listings expected to raise US$5 billion.

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A man walks past the National Stock Exchange building in Mumbai, India. Photo: Reuters

Hong Kong’s MPF makes US$19 billion in first 9 months fuelled by market rally

Fuelled by interest rate cuts and China’s stimulus measures, the market rally took MPF’s total assets to a record HK$1.327 trillion.

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The MPF’s average account balance for its 4.75 million members was now worth more than a brand-new Tesla Model 3 or a Hermes Birkin handbag. Photo: Xiaomei Chen

Hong Kong property deals bottom out in September, but October is looking better

Sales of new and lived-in homes, offices, shops, car parks and industrial spaces dropped 18.7 per cent to 3,843 units in September.

Fed rate cut could propel Hong Kong to top 3 on global IPO table by year-end

Lower rates will drive investors away from US dollar assets towards Hong Kong and Chinese markets, with Beijing’s recent stimulus acting as a catalyst.

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US Federal Reserve
Founded in 1913, the Federal Reserve is the central banking system for the United States.
last updated:
9 September, 2024
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