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Since returning to the White House a year ago, US President Donald Trump has stepped up pressure on the Federal Reserve. With the term of the current Federal Reserve chair, Jerome Powell, set to end in May, Trump said he would announce his pick to replace Powell on Friday. Speculation has intensified on prediction markets….
Hong Kong authorities have arrested two men and two women in an undercover operation targeting those allegedly working illegally as cleaners and renovation workers, after mainland Chinese businesses advertised their services online ahead of Lunar New Year. Chan Yan-kit, a task force deputy commander of the Immigration Department, said on Friday that the operation was…
HSBC, Hong Kong’s largest bank with a 6.2 million-strong customer base, suffered a widespread system breakdown on Friday afternoon. According to some customers, the bank’s mobile app and online services were inactive as early as 1pm, with login attempts diverted to a screen stating the system was under maintenance and would be accessible at a…
A visit by a United States warship to a Cambodian port built with major Chinese backing has underscored Phnom Penh’s superpower balancing act, but observers say American concerns will linger over the facility’s usage being dominated by Beijing. The USS Cincinnati arrived on Saturday at Ream Naval Base as part of a mission to strengthen…
Beijing has vowed to take all necessary measures to safeguard the rights of Chinese enterprises after Panama’s Supreme Court ruled that a contract held by a subsidiary of Hong Kong-based CK Hutchison Holdings to operate two ports at the country’s canal was unconstitutional. The Hong Kong government on Friday also slammed the ruling, which could…
China suspended trading of five commodity funds on Friday to curb investment mania in gold, silver and oil and reduce underlying risks amid geopolitical tensions. The only public fund investing in silver futures in mainland China, UBS SDIC Silver Futures Fund, a listed open-ended fund (LOF), will be suspended for the whole day on Friday,…
Thailand’s slump in visitors from China has become so acute that Chinese tourism workers in Phuket are learning English for the first time to attract new customers, according to a boat tour organiser. Chanchanat Boonlon said her catamaran business was once a cash cow, fully booked each day during high season by large groups of…
Former CNN anchor Don Lemon has been arrested after he entered a Minnesota church and recorded anti-immigration enforcement protesters who disrupted a service in an incident that increased tensions between residents and the Trump administration, his lawyer said on Friday. Lemon was taken into custody by federal agents in Los Angeles, where he had been…
Hong Kong’s treasury minister has said authorities will shelve a proposed levy on private cars crossing the border into mainland China, citing feedback from lawmakers and members of the public. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu told the Legislative Council on Friday that the government had decided not to go ahead…
The first close-up image of the Chinese PL-17 long-range missile – one of the most mysterious weapons in the PLA Air Force’s arsenal – appears to have surfaced online. Analysts say the PL-17 may be the world’s longest-range air-to-air missile, posing a threat to US air superiority in the western Pacific. A photo believed to…
