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Economy

Hong Kong Exchange Fund 1H investment loss at HK$10.6b

HONG KONG: Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted investment loss of HK$10.6 billion ($1.37 billion) in the first half of 2020, the Hong Kong Monetary Authority (HKMA) said on Friday.

Economy

Fiscal cliffs threaten fragile US recovery

NEW YORK: Policy makers in the United States will resume contentious talks this week on another round of stimulus that could prove critical to the still-fragile recovery of the world’s largest economy.