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Banking 05 Mar 2020 | 7:00 AM

HK central bank cuts interest rate

HONG KONG: The Hong Kong Monetary Authority (HKMA) lowered its base rate charged through the overnight discount window by 50 basis points to 1.5% yesterday, hours after the US Federal Reserve delivered a rate cut of the same margin.

Markets 15 Nov 2019 | 2:11 PM

Hong Kong's cash pool tightens as Alibaba primes for US$13bil listing

HONG KONG: Alibaba Group's US$13.4bil Hong Kong listing is shrinking cash levels in the protest-wracked financial hub, with short-term borrowing costs shooting back towards a decade-high marked in July.HONG KONG: Alibaba Group's US$13.4bil Hong Kong listing is shrinking cash levels in the protest-wracked financial hub, with short-term borrowing costs shooting back towards a decade-high marked in July.