Money Talk RTHK.HK

 US President Joe Biden continued Monday his first Asian tour since becoming president that has taken him to South Korea and Japan. Stability on the Taiwan Strait was among the regional topics discussed by President Biden and Japan PM Fumio Kishida dur...

 China has cut a key lending rate by the most on record China’s to boost the slumping economy. The five-year loan prime rate, which is linked to household mortgage rates, was cut from 4.6% to 4.45%, the People’s Bank of China said on Friday. It is the ...

 Hong Kong’s jobless rate rose to a 10-month high of 5.4% in the February to April period, up from 5% in the January-to-March period. The rolling three month period saw unemployment increase 0.4 percentage points, with about 206,100 people out of work....

 China’s new home prices dropped for the eighth consecutive month in April. China’s National Bureau of Statistics reported Tuesday that among the 70 major Chinese cities, 47 cities saw new home prices decline m/m in April, compared to 38 in March, whil...

 Federal Reserve Chair Jerome Powell said on Tuesday that the US central bank wants to see economic growth slowing and "clear" evidence of inflation decelerating before ending monetary tightening.  He said if we don't see that, then we'll have to consi...

 China’s economy contracted sharply in April, as lockdowns, particularly in Shanghai, depressed business and manufacturing activity and prevented consumers from spending. Industrial output experienced only the second monthly contraction since 1990. Ret...