Friday,  July 18,  2025

Trump now says Powell job safe as rumors hurt stocks
Agencies and staff reporter US President Donald Trump said he is not planning to fire Federal Reserve Chairman Jerome Powell, after a sacking rumor sent US stocks and the greenback tumbling and sparked Wall Street's opposition. US stocks and the US dollar dipped before recovering later after Trump...
Why HK is the future Switzerland as global hub for wealth management
Hong Kong is emerging as a global magnet for family offices and institutional investors, thanks to its financial stability, robust legal framework and strategic position as a gateway to mainland China. With a bullish stock market and proactive policy innovations, the city is poised to accelerate its...

'Bad bank' looms to soak soured loans
Staff reporter Some Hong Kong banks are in early talks with consultants about setting up a "bad bank" to manage growing volumes of non-performing loans, reports said. The Hong Kong Monetary Authority, however, said it has no plans to set up a "bad bank" and understands local lenders have no such...




















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