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Bridging Hongkongers. Reporting Truth.

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Finance

PBoC Rate Cuts Trigger Renminbi Slide as US-China Tariff Tensions Escalate – Coca-Cola Exit Rumours Stir Concerns

The People’s Bank of China (PBoC) has taken bold action today, cutting the reserve requirement ratio (RRR) by 0.5 percentage points to 6.2%, lowering the policy interest rate by 0.1 percentage points to 1.4%, and trimming structural monetary tool rates by 0.25 percentage points. This move is expected to inject approximately RMB 1 trillion in...

Business

Finance

UK-India Trade Deal Sparks Fury: Indian Workers’ Tax Exemption Slammed as ‘Unfair’, Home Office Blindsided Exposes Labour Chaos

The UK and India sealed a landmark Free Trade Agreement (FTA) on 6 May, hailed as the most significant bilateral trade deal since Brexit. But a controversial clause granting Indian workers a three-year exemption from National Insurance Contributions (NICs) has ignited a firestorm, branded grossly unfair to British locals amidst a crippling fiscal deficit and...

Business

Finance

Hong Kong’s £500 Million Fake Note Fiasco: How Social Media Fuels Financial Farce

A bizarre case involving counterfeit “HK$500 million bonds” has sent shockwaves through Hong Kong’s bustling Mong Kok district. Three elderly individuals from mainland China (aged 65, 72, and 75) were nabbed by police for attempting to open an account at a Standard Chartered Bank with 1999 forged documents, boasting a total face value of nearly...

6 hours ago2 days ago

Trump to Press China on Jimmy Lai in Tariff Talks, Economic Woes Spark Speculation on Beijing’s Next Move

1 day ago2 days ago

UK Reservoir Levels Hit 69-Year Low, Raising Drought Fears Across Europe

1 day ago3 days ago

PBoC Rate Cuts Trigger Renminbi Slide as US-China Tariff Tensions Escalate – Coca-Cola Exit Rumours Stir Concerns

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US Markets Plunge Amid Trade Tensions and Economic Uncertainty

Danny1 month ago1 month ago04 mins

U.S. stock markets endured a turbulent week, with all major indices posting steep losses amid mounting trade tensions with China,…

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