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US Dollar

The popular ‘carry trade’ is unwinding — and economists fear Fed rate cuts could make matters worse

Pedestrians walk past a currency exchange shop in central Tokyo on April 17, 2024.Richard A. Brooks | Afp | Getty ImagesRapid interest rate cuts...

Jobs Report Indicates Federal Reserve’s Monetary Policy Is Yielding Results

The latest nonfarm payroll jobs report from the Labor Department provides compelling evidence that the Federal Reserve's monetary policy is effectively steering the economy...

Beijing raises duty-free limit for mainland tourists in Hong Kong to HK$16,100

Beijing has raised the duty-free shopping allowance for mainland Chinese tourists visiting Hong Kong and Macau to up to HK$16,100 (US$2,100) per trip, with...

Hong Kong retailers to offer HK$1.2 billion in goodies, perks for shopping festival

The finance chief also stressed that “simply repeating past operating models” would fail to achieve growth.“The good news is, the market remains quite prosperous,...

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