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Markets 21 Mar 2019 | 4:05 AM

Stocks mixed, yuan highest since July after Fed: Market wrap

SYDNEY: Most currencies advanced against the dollar after the Federal Reserve abandoned projections for a resumption in interest-rate hikes this year and signaled a swift end to its balance-sheet contraction. China’s yuan hit its strongest since July, while stocks were mixed.

Business 19 Mar 2019 | 8:04 AM

Hong Kong's weak dollar victim of surging China stocks

HONG KONG: The rally in Chinese stocks has been bad news for the Hong Kong dollar.

Business 14 Mar 2019 | 12:00 AM

HK’s currency peg defence hits US$692mil

HONG KONG: Hong Kong’s de facto central bank intervened to defend the local currency’s peg against the dollar for the second time in days.

Forex 11 Mar 2019 | 4:08 AM

Pound falls as May seen failing to get Brexit votes

TOKYO: The pound fell for an eighth day, the longest-losing streak in 10 months, as reports circulated that Prime Minister Theresa May is losing support for her Brexit vote and possibly her own position.

Property 09 Mar 2019 | 12:00 AM

Government balancing high debts with need to own a home

HOW far should the government go to boost house ownership?

TECH 07 Feb 2019 | 10:00 PM

It’s not a cashless society yet in Hong Kong where banknotes still rule

Going cashless may be all the rage in mainland China and places chasing “smart nation” targets, but for now at least, hard cash still rules in Hong Kong.

Insurance 21 Dec 2018 | 12:00 AM

Hong Kong gives first online-only insurance licence to Sun Life-backed firm

HONG KONG: Hong Kong has awarded Bowtie Life Insurance, a company backed by Sun Life Financial’s Hong Kong unit, the first online-only insurance licence under the city’s “fast-track” scheme.

Corporate News 20 Dec 2018 | 7:54 AM

Hong Kong gives first online-only insurance licence to Sun Life-backed firm

HONG KONG: Hong Kong has awarded Bowtie Life Insurance, a company backed by Sun Life Financial's Hong Kong unit, the first online-only insurance licence under the city's "fast-track" scheme.

Business 28 Sep 2018 | 12:00 AM

China and NZ shrug off Fed hike

But forex risks push Philippines and Indonesia into hikes

Economy 27 Sep 2018 | 8:28 AM

Hong Kong banks raise benchmark lending rates for first time in 12 years

HONG KONG: Hong Kong commercial banks raised their benchmark lending rates on Thursday for the first time in 12 years, increasing the cost of home mortgage repayments in one of the world’s most expensive property markets.