Gold prices slid amid rising expectations of 3 more rate hikes, pricing now at 44%, alongside easing geopolitical tensions. Looking ahead, US GDP and Trade Balance could instigate notable price action in the bullion.
Next week's calendar brings two rate decisions that will be widely watched for dovish clues from Draghi of the ECB and Kuroda of the BoJ. Will Yen or Euro weakness allow for the Greenback to test 2018 highs?
Indian Prime Minister Narendra Modi will travel to central China this week for an informal summit with Chinese President Xi Jinping, a meeting analysts say could help the two Asian giants reset ties. Modi is also due to travel to China in June for a regional security summit – it is highly unusual for a […]
Hong Kong Exchanges and Clearing (HKEX), the operator of the city’s stock exchange, has signed an agreement with Beijing’s over-the-counter exchange, the National Equities Exchange and Quotations (NEEQ), marking the latest effort in its bid to land more mainland technology start-up listings. NEEQ, also known as the “new third board”, was created in 2012 to […]
China’s economic fundamentals are strong and it has sufficient policy tools to guard against systemic risks, central bank governor Yi Gang said, as the IMF cautioned that the world economy is under threat from trade tensions and heavy debt burdens. “In 2017, China’s non-financial leverage ratio increased slightly, the corporate leverage ratio declined somewhat and […]
China is awakening to widespread scepticism in Europe regarding the Belt and Road Initiative. Last week, it was leaked that 27 EU ambassadors to Beijing (except for the ambassador from Hungary, a country that behaves within the EU like Cambodia within the Association of Southeast Asian Nations) co-signed an internal report criticising the belt and […]
Police in northeastern China have detained a man suspected of killing four neighbours last week. Public security authorities in Dalian, Liaoning province, said in an online statement on Sunday that suspect Cui Jiahui, 51, was picked up by officers in Jinzhou after four days on the run. Police began searching for Cui after the four […]
Trying a US$200,000 (HK$1.56 million) one-person drone for size was just too good an opportunity to miss for Hong Kong lawmaker and stockbroker “Fat Boss” Christopher Cheung Wah-fung while on a tour of mainland China. Cheung and fellow lawmakers on a five-city tour of Guangdong province enjoyed a moment of fun on Sunday as they […]
An elderly extra who has appeared in about a dozen Chinese films and TV dramas has won a place in one of the country’s most prestigious performing arts programmes. Du Songye, a 67-year-old retiree from Luoyang in Henan province, who took up acting five years ago to keep busy, has been accepted by the School […]