China’s trade surplus with the United States surged to a record high of US$34.13 billion in September, compared with US$31.05 billion in August, Reuters reports, citing the latest Chinese customs data ...More
EJ Insight2018-10-12
The People's Bank of China announced last Sunday that it was cutting the reserve requirement ratio (RRR) for banks, the fourth such move this year. It remains to be seen whether the easing move will h ...More
EJ Insight2018-10-12
Apple Inc. is taking control over the power-management technology at the heart of its iPhones in a US$600 million deal with Dialog Semiconductor, Reuters reports. The agreement to license technology a ...More
EJ Insight2018-10-12
Chief Executive Carrie Lam Cheng Yuet-ngor said her administration will allocate HK$28 billion to further promote innovation and technology (I&T) in Hong Kong, the Hong Kong Economic Journal repor ...More
EJ Insight2018-10-11
International Monetary Fund Managing Director Christine Lagarde warned countries of the perils of a trade or a currency war, saying they could be detrimental to global growth and hurt “innocent bystan ...More
EJ Insight2018-10-11
Desperate for funding to fend off a financial crisis fuelled in part by mounting debt to China, Pakistan is playing a complicated game of poker that could hand Saudi Arabia a strategic victory in its ...More
EJ Insight2018-10-11
Chief Executive Carrie Lam Cheng Yuet-ngor has announced an increase in the government's subsidy offer for employers to end an arrangement that allows them to offset long-service and severance payment ...More
EJ Insight2018-10-10
President Donald Trump repeated his threat to impose tariffs on US$267 billion worth of additional Chinese imports if China retaliates for the recent levies and other measures the United States has ta ...More
EJ Insight2018-10-10
Following the comment by US Federal Reserve Chairman Jerome Powell last week that "we're a long way from neutral at this point", the 10-year US treasury yield spiked above 3 percent. The decade-long b ...More
EJ Insight2018-10-09
The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on comm ...More
EJ Insight2018-10-09
Since World War II’s end, trade has grown 50 percent faster than global GDP, owing largely to successive rounds of liberalization under the auspices of the World Trade Organization (previously the Gen ...More
EJ Insight2018-10-09
Pakistan’s new government will open talks with the International Monetary Fund for emergency financial assistance to ease a mounting balance of payments crisis, Reuters reports, citing the finance min ...More
EJ Insight2018-10-09
Venezuelan consumer prices rose 488,865 percent in the 12 months ending in September, Reuters reports, citing a member of the opposition-run congress. Daily inflation is now 4 percent, according to op ...More
EJ Insight2018-10-09
Dr. Lam Ching-choi, chairman of the Elderly Commission, said the government will set up a fund as soon as November that will allow elderly service units to procure technology products for their reside ...More
EJ Insight2018-10-08
The Hong Kong Monetary Authority has recently introduced the Faster Payment System (FPS), which aims to facilitate fund transfers. So far 21 commercial banks and 10 stored value facilities (SVF) have ...More
EJ Insight2018-10-08
The government has approved the sale of a new drug for patients who suffer from spinal muscular atrophy (SMA). SMA is a genetic neuromuscular disorder characterized by the loss of motor neurons and pr ...More
EJ Insight2018-10-03
The government is considering ending the system that allows employers to offset employees’ severance payments or long-service payments with Mandatory Provident Fund (MPF) contributions after members o ...More
EJ Insight2018-10-03
