Finance

Wall Street Flat As Inflation Data Looms

US stocks paused on Monday after a strong rally in the prior session as investors shift focus to a key inflation reading... Read more

Subway Says Lawyer Should Be On Hook For Tuna Lawsuit

The California woman suing Subway, claiming its tuna products contain ingredients other than tuna, wants to end her laws... Read more

Exchange Fund Sees HK$98bn First Quarter Gain

The Exchange Fund earned HK$97.9 billion from its investments in the first quarter of this year, marking its second cons... Read more

Warren Buffett Hits Out At Washington 'tribalism'

Warren Buffett on Saturday offered a vote of confidence in the United States and his company Berkshire Hathaway Inc, but... Read more

Wall Street Ends Higher, As Apple Rallies

US stocks closed sharply higher on Friday, with shares of Apple rallying after upbeat results, while US jobs data pointe... Read more

HSBC Defeats Proposal To Split Bank

HSBC on Friday comfortably defeated a proposal supported by its largest stakeholder, insurer Ping An, that sought to spl... Read more

ECB Raises Rates, With 'more Ground To Cover'

The European Central Bank raised interest rates by 25 basis points to 3.25 percent as expected on Thursday and signalled... Read more

HKMA Increases Its Base Rate Following Fed Rate Rise

Hong Kong Monetary Authority (HKMA) chief Eddie Yue on Thursday said local inter-bank interest rates were set to rise fu... Read more

HKMA Buys HK$4.67 Billion To Defend Currency Peg

Hong Kong's de-facto central bank bought HK$4.671 billion (US$595.1 million) from the market in New York trading hours t... Read more

US Markets End Lower After Fed Hikes Rates Again

US stock markets closed lower on Wednesday after the Federal Reserve lifted interest rates again, but signalled it could... Read more

Fed Raises Key Lending Rate, Hints At Easier Stance

The US Federal Reserve raised its benchmark lending rate for a tenth consecutive time on Wednesday, while signalling an ... Read more

Banga To Take Reins At The World Bank

The World Bank confirmed on Wednesday that Ajay Banga will be its next president, handing him the reins at a pivotal tim... Read more

Bank Jitters Send US Markets Lower At Close

US stocks ended lower on Tuesday, with regional bank stocks recording another day of plummeting values ahead of an expec... Read more

Tinder Says It's Dumping Russia

The company behind the Tinder dating app is leaving Russia, more than a year after the conflict with Ukraine saw a wave ... Read more

'Worst Is Over For Hong Kong's Economy'

An economist on Tuesday said the worst time for Hong Kong's economy is over, while warning of a challenging recovery pat... Read more