Hong kong 3-month hibor rate hits highest level since 2008

The three-month Hong Kong Interbank Offered Rate (HIBOR) hit 1.61607 pct - the highest level since 2008.

the Hong Kong Monetary Authority (HKMA) is reportedly driving up the HIBOR to drain the liquidity from the system, so short sellers run out of ammunition to attack the Hong Kong dollar.

May 2, 2018

Asian stocks trade mixed ahead of the Fed

Asian markets are lacking clear direction today as investors await the Fed's view on interest rates, inflation, and the economy. Scorecard Japan's

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May 2, 2018

Moody’s: direct effects of proposed US tariffs on China are likely understated

The US-based ratings agency, Moody’s Investors Service, is out with the latest report, assessing the impact of the US tariffs on the Chinese economy.

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