This was down from 6.5 per US dollar at the start of the year, under the floating exchange rate system. Shops began to quote prices in US dollars and refused to accept Hong Kong dollar notes.

Asian stock markets broadly gained Thursday after the cool December inflation report from Washington on Wednesday was perceived as keeping the door open for US Federal Reserve easing in 2025. Hong ...

Massachusetts Senator Peter Durant wants the state to establish a strategic Bitcoin reserve amid global clamor for the coin.

Asian stocks were mixed Wednesday followed Wall Street’s mostly positive performance ahead of key U.S. inflation data that ...

Hong Kong's Hang Seng Index climbed 0.7 percent ... role in shaping the global economic landscape. Similarly, the Federal Reserve's interest rate decisions later this month will provide critical ...

Asian stock markets were uneven Wednesday, as traders weighed the odds for limited accommodation by the Bank of Japan and the US Federal Reserve, and awaited the pending December inflation report from ...

After the US Federal Reserve and Hong Kong Monetary Authority (HKMA) cut their key policy rate by a full percentage point in 2024, at least two more rates are possible next year, according to ...