Finance

Mainland Factory Activity Slows In July: Survey

Official figures published on Sunday show that factory activity on the mainland unexpectedly declined this month, while ... Read more

Upbeat Forecasts Drive Big Gains In US Stocks

US stocks added to their recent rally on Friday after upbeat forecasts from Apple and Amazon, and the S&P 500 and Na... Read more

Exchange Fund Sees Worst-ever Half-year Loss

The Exchange Fund posted its biggest half-year investment loss of HK$144.2 billion for the six months ending in June, th... Read more

Instagram Pauses TikTok-like Features After Backlash

Instagram will pause features that users have campaigned against and complained make the social network too much like Ti... Read more

Hong Kong Stocks Make Modest Gains At Opening

Hong Kong shares started with small gains on Friday morning as traders assessed the outlook after data showed the US eco... Read more

US Stocks End Higher, Shrugging Off Weak GDP Data

Wall Street stocks rallied again Thursday, shrugging off a weak US GDP report that deepened recession talk but generated... Read more

US Economy Shrinks For Second Straight Quarter

The US economy contracted again in the second quarter amid aggressive monetary policy tightening from the Federal Reserv... Read more

Hong Kong Stocks End With Losses

Hong Kong stocks fell on Thursday, bucking a rally across world markets, as another interest rate hike by the Federal Re... Read more

Facebook's Meta Posts First-ever Revenue Drop

Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media po... Read more

Hong Kong Stocks Rise After Fed Raises Rates

Hong Kong stocks opened slightly higher on Thursday morning after the head of the Federal Reserve indicated the bank's p... Read more

US Stocks End Higher As Fed Allays Investor Jitters

US stocks rallied on Wednesday, led by Nasdaq after the Federal Reserve raised its benchmark overnight interest rate by ... Read more

Fed Raises Rates Again, Warns On Inflation

The US Federal Reserve on Wednesday again raised the benchmark interest rate by three-quarters of a percentage point as ... Read more

Home Prices Lowest Since December 2020

Private home prices have fallen for a second month in a row to their lowest level in one and a half years, according to ... Read more

US Markets Dragged Down By Walmart, Economic Jitters

US stocks ended sharply lower on Tuesday as a profit warning by Walmart dragged down retail shares and exceptionally wea... Read more

IMF Cuts Global Economic Growth Outlook

The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high infl... Read more