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Underage protesters at PolyU campus allowed to go home

... l, police reserve the right to take legal action against them in the future. For those aged 18 or above, the police insisted on arresting them on the spot, although they were allowed to be accompanied ...More

EJ Insight2019-11-19

Airbus-backed tournament unveils first electric racing aircraft

... inutes of reserve flying at reduced power, the firm said. Air Race E is aiming to be the world’s first all-electric airplane competition when it launches its inaugural series of international races in ...More

EJ Insight2019-11-18

A living wage for capitalism

... S Federal Reserve chair Jay Powell has pointed out that wage gains are finally accruing to lower-paid workers. In another nod to lower-paid workers, in July, the US House of Representatives passed a b ...More

EJ Insight2019-11-15

Fed's Powell pushes back on negative interest rates

US Federal Reserve Chair Jerome Powell on Wednesday told Congress that negative interest rates aren’t appropriate for the US economy at a time when it is enjoying growth, a strong labor market and ste ...More

EJ Insight2019-11-14

Lunar New Year stall auctions draw lukewarm interest

...  Tuesday. Reserve prices had been set at only half of the level last year as the FEHD hoped to support small and medium-sized enterprises. Prices ranged from HK$320 to HK$5,440 for wet-goods stalls an ...More

EJ Insight2019-11-13

Trump says China trade deal 'close', offers no signing details

... e Federal Reserve’s monetary policy decisions that have left US interest rates higher than many other economies and said he would prefer negative rates. The Fed has cut interest rates three times sinc ...More

EJ Insight2019-11-13

Is the global dollar in jeopardy?

...  favorite reserve asset. When times are tough or uncertainty reigns, investors flock to dollar-denominated assets, particularly US Treasury debt – ironically, even when there is a financial crisis in ...More

EJ Insight2019-11-11

Why a strong US economy could be bad news for Hong Kong

... e Federal Reserve hinted after the recent rate cut that there should be no need to lower rates further in the near term. If the US economy continues to charge ahead, we should not rule out the possibi ...More

EJ Insight2019-11-05

China: Time for vision in Hong Kong

... ng Kong’s reserve holdings from sterling to a basket of currencies. The current time is a golden opportunity for reform of the appointment system of the chief executive. Historically, the Communist Pa ...More

EJ Insight2019-11-05

HSBC’s rate cut surprising, but lift to economy limited

... e Federal Reserve eased the rate last week, Hong Kong was not expected to follow. But HSBC cut its prime lending rate by 0.125 percent. On the same day, the Hong Kong government said the city’s third- ...More

EJ Insight2019-11-04

Fed cuts rates, signals pause in easing cycle

The US Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain growth, but signaled there would be no further reductions unless the economy takes a turn for the wo ...More

EJ Insight2019-10-31

Guarding against fake news

...  see, and reserve judgment. If you see a social media post that presents something outrageous or extreme as a fact, it is best to be skeptical. Wait and see what trustworthy and authoritative media ha ...More

EJ Insight2019-10-28

How a weaponized dollar could backfire

...  exchange reserves have become much more reliable since China began reporting its holdings. And the SWIFT payments system issues monthly data on the use of major currencies in international transactio ...More

EJ Insight2019-10-24

Facebook confident Libra will win enough financial backers

... d Federal Reserve governor Lael Brainard reiterated those concerns on Wednesday, saying at a separate event in Washington that the Libra project “must address a core set of legal and regulatory challe ...More

EJ Insight2019-10-17

China factory prices post steepest fall in three years

...  used the reserve requirement ratio for banks instead of sweeping interest rate cuts. Chinese central bank governor Yi Gang said late in September there was no urgent need to implement large interest ...More

EJ Insight2019-10-15

Facebook's Libra announces board as support shrinks further

... nt of the reserve would require a two-thirds supermajority. The group elected five people to serve on the board, including Facebook’s David Marcus as well as representatives from PayU, venture firm An ...More

EJ Insight2019-10-15

Australia calls for new probe into loan pricing by banks

... after the Reserve Bank of Australia (RBA) said those funding costs have dropped. The RBA has cut the official cash rate by 0.25 percent three times so far this year to a record low of 0.75 percent in ...More

EJ Insight2019-10-14

Facebook's Libra abandoned by major financial companies

... S Federal Reserve Chairman Jerome Powell suggested the project could not advance before addressing serious privacy, money laundering, consumer protection and financial stability concerns that must be ...More

EJ Insight2019-10-14

Fed eases post-crisis rules for domestic, foreign banks

The US Federal Reserve on Thursday unveiled a final package of rules easing capital and liquidity requirements for domestic US and foreign banks that were originally introduced following the 2007-2009 ...More

EJ Insight2019-10-11

Fed policymakers increasingly divided on way ahead: minutes

Most Federal Reserve policymakers supported the need for an interest rate cut in September, but they remained divided on the path ahead for monetary policy, Reuters reports, citing the minutes of the ...More

EJ Insight2019-10-10

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