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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.

Trump and Powell take centre stage

London: The two biggest players in the US economy will take the stage this week, as President Donald Trump and Federal Reserve chairman Jerome Powell speak amid signs the nation’s trade war with China may be thawing.