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US economic growth surges in first quarter but momentum fizzling

... ”. The US central bank last Wednesday signaled interest rate cuts as early as July, citing rising risks to the economy, especially from an escalation in the trade conflict between the United States an ...More

EJ Insight2019-06-28

Pan-democrats oppose motion to adjourn Legco

... on of the Central promenade to the People's Liberation Army (PLA) to automatically take effect without deliberation. After suspending the meeting for nearly 90 minutes, Legco President Andrew Leung Kw ...More

EJ Insight2019-06-27

Protesters gather at DOJ building after ending police HQ siege

...  Place in Central on Wednesday night, attracting more than 8,000 participants. The rally was timed to send a message to world leaders, who will gather for a G20 summit in Japan starting from Friday, t ...More

EJ Insight2019-06-27

Is Carrie Lam under a gag order from Beijing?

...  Place in Central during which it called on world leaders to raise the Hong Kong extradition bill issue at the upcoming G20 summit. Meanwhile, hundreds of protesters once again encircled the police he ...More

EJ Insight2019-06-27

Trump says he can fire Fed's Powell; it's not that simple

...  powerful central bank navigating a potential global economic slowdown with divided leadership: one person leading the Fed’s board and another heading its rate-setting Federal Open Market Committee (F ...More

EJ Insight2019-06-27

Photo of drowned migrants triggers row over Trump clampdown

... stly from Central America. The pair had traveled from El Salvador and were seeking asylum in the United States. US presidential candidate Bernie Sanders called the image “horrific” and said the presid ...More

EJ Insight2019-06-27

Bitcoin soars past US$13,000 as Facebook's Libra fuels demand

... ith major central banks keeping interest rates near all-time lows, investors have been looking for ways to diversify their portfolios, including through cryptocurrenies, analysts said. Bitcoin CME fut ...More

EJ Insight2019-06-27

HK$5.5 million raised in one day for G20 ads on extradition bill

...  Place in Central to bring global pressure to bear on Chief Executive Carrie Lam Cheng Yuet-ngor to scrap the bill and meet the protesters' other demands. A thread has also been posted on a local onli ...More

EJ Insight2019-06-26

What government should do to heal the rifts in society

... le to the central government in Beijing, and to help find ways to satisfy their demands. Of course, it is also necessary to balance the people's demands with the interests of the central government in ...More

EJ Insight2019-06-26

Fed pushes back on aggressive US rate cut views

Federal Reserve officials pushed back on market expectations and presidential pressure for the central bank to deliver a significant US interest rate cut of half a percentage point as soon as its next ...More

EJ Insight2019-06-26

CHRF calls fresh rally over fugitive bill, voicing 5 demands

...  night in Central, asking the government once again to meet five demands. The demands include complete withdrawal of the Fugitive Offenders and Mutual Legal Assistance in Criminal Matters Legislation ...More

EJ Insight2019-06-25

China needs US$440 bln to clean up rural environment: report

... stern and central China, an official with the Ministry of Agriculture and Rural Affairs was quoted as saying. China’s “war on pollution”, now in its sixth year, has up to now focused primarily on impr ...More

EJ Insight2019-06-24

Trump calls off Iran strikes at the last minute: report

... coast. US Central Command later posted a tweet that included a map of what Guastella called the drone's flight path showing it was outside Iran's territorial waters. "This was an unprovoked attack on ...More

EJ Insight2019-06-21

Govt offices in Admiralty shut as protesters occupy major roads

... g in the [Central Government Offices] should not go to the workplace and should work in accordance with the contingency plans of their respective bureaus or departments. All visits to the CGO will be ...More

EJ Insight2019-06-21

Internet of Money: Bitcoin and Facebook's Libra

... reputable central banks”, will be held in the Libra Reserve, for every Libra that is created. As the value of the underlying assets move, the value of one Libra in any local currency may fluctuate, bu ...More

EJ Insight2019-06-21

Why Carrie Lam did not bow during her public apology

... ll as the central government, according to Tong. Hence, the decision not to bow. This is an updated version of a column that appeared in the Hong Kong Economic Journal on June 19 Translation by Alan L ...More

EJ Insight2019-06-20

Fed sees case building for rate cuts this year

... where the central bank left its benchmark interest rate unchanged for now, officials outlined a marked shift in sentiment and changed their language. The Fed dropped its pledge to be “patient” before ...More

EJ Insight2019-06-20

Will Facebook become a global financial player?

... rolled by central banks and traditional financial institutions, and lay the foundation for an alternative financial system. But the question is: will, and should, the company be allowed to have its wa ...More

EJ Insight2019-06-19

Belt & Road can speed devt, needs transparency: World Bank

... urope via central and southern Asia, can lift 32 million people out of moderate poverty conditions if implemented fully, Reuters reports. Still, the initiative comes with “significant risks” given a l ...More

EJ Insight2019-06-19

Walking into Afghanistan

Many people would probably think that traveling to Afghanistan must be a very dangerous proposition. But the truth is, a trip to the once war-torn Central Asian country through the Wakhan Corridor can ...More

EJ Insight2019-06-18

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