Hong Kong’s finance minister pledges modest income tax breaks and waivers on property rates despite the government’s ballooning fiscal reserves, in a warning against drawing heavily on the city’s coffers in a weak economy.
October 31, 2012 6:40 PM
HONG KONG (REUTERS) - The Hong Kong Monetary Authority (HKMA) stepped into the currency market again on Wednesday by selling HK$2.7 billion (S$424 million) as the local currency repeatedly hit the top end of its trading...
Galaxy Entertainment Group Ltd (OTC: GXYEY) reported a surge in its unaudited Q3 earnings.
Galaxy Entertainment's quarterly adjusted earnings before interest, taxes, depreciation and amortization jumped 46% y/y to 2.6 billion Hong Kong dollars...
By
Bruce Krasting
The Hong Kong Monitory Authority (HKMA) was forced to intervene in the currency market again Monday night. This is the second time in a week that the upper end of the USDHKD peg has been tested by...
The Hong Kong Monetary Authority (HKMA) was forced to intervene in the currency market again last night. This is the second time in a week that the upper end of the USDHKD peg has been tested by speculators.
There are two aspects to the attack...
The Hong Kong Monetary Authority (HKMA) has intervened for the first time in three years to keep the HKD in its trading band against the dollar, a move that should lend further support to the euro but could be the start of the unravelling of the...
Hong Kong Monetary Authority (HKMA) intervened yesterday against the recent rise of the HK dollar. The HK dollar is pegged at a ratio of 7.8 to the US dollar, but is allowed to trade in a range from 7.75 to 7.85. The top of the range was hit,...
Hong Kong’s dollar is close to the strong end of its trading band with the U.S. dollar, putting traders on watch for intervention by the de facto central bank, an action last taken two years ago.
Oops! Unable to complete your request. Please refresh your browser.