HK and mainland stocks post modest gains
Stocks in Hong Kong ended in positive territory before the National Day holiday on Wednesday as the Hang Seng Index rose 0.37 percent to close at 24,613 points while the Hang Seng China Enterprises Index rose 0.50 percent, and the Hang Seng Tech Index rose 0.10 percent. Up north, the Shanghai Composite index closed up 0.3 percent while the CSI 300 Index also rose 0.3 percent at market close. Despite the market posting modest gains, Chinese blue chips were stuck near one-year lows on Wednesday even after Beijing unveiled a series of credit and mortgage support steps on Tuesday. The latest measures are the nation's broadest and most powerful in two years, but were not as bold as the policies announced in September 2024 that included rate cuts and support for the stock market, said Duncan Wrigley, chief China economist at Pantheon Macroeconomics. "It won't solve China's structural imbalances, with sluggish domestic demand and high reliance on exports," Wrigley wrote in a note. The People's Bank of China lowered its one-year pledged supplementary lending (PSL) rate by 25 basis points to 1.5 percent to support infrastructure investment. Authorities also raised re-lending quotas for tech firms and small businesses, and, battling a long housing downturn, introduced...
Read full articleMORE NEWS
Energy Department Order Takes Aim at Mid-Atlantic Blackout Risk
The order as a precaution allows grid operators to use backup generation this week. There were no widespread outages reported.
Hong Kong flat reimagined with open layout and natural light for couple and their two dogs
Would you trust your husband to fully renovate your home, without any design input from you? Rachel Tong did. She did not even visit the flat, which took 10 months to redo, until a few days before completion. Fortunately for her, designer Nicole Cromwell of Nicole Cromwell Interior Design was a major factor in the concept, guaranteeing that the 1,000 sq ft (93 square metre) flat, with an equally large private terrace, would be a stylish affair. Tong and her husband Paul had lived in their...
How backlash against data centres could shape the US midterm elections
Democrats and Republicans alike are coming out against data centre development, amid growing backlash across the US.
How a Chinese-made toy gets to a US retailer
With Christmas on the horizon, we trace children's toys from factories in China to US shelves.
How much is the minimum wage?
What are the National Minimum Wage and the National Living Wage, and how much are they worth?
Battle Over the Pierre Ends in Defeat for the Buyer Pushed by Lutnick
Motasem Khashoggi, who hails from a prominent Saudi family, missed a Tuesday deadline to deliver a $100 million deposit to purchase the Manhattan landmark.
Opinion: What Killed the Embraer E190 in the United States?
The E190 was too large to be a regional jet, too small to thrive at mainline costs and eventually outclassed by the A220. America’s awkward middle child finally exits. The post Opinion: What Killed the Embraer E190 in the United States? appeared first on Business Traveller.
What Is Starshield, SpaceX’s Military-Grade Satellite Internet Service Ukraine Relies On?
For years, Ukraine’s armed forces have relied on satellite communication services developed by Elon Musk’s SpaceX. Recent restrictions have hampered its war effort.
Touring Tuscany for Piero della Francesca’s Most Resplendent Artworks
A writer’s road trip in search of the early Renaissance master’s most resplendent works takes her to towns beyond Florence, the birthplace of the Italian Renaissance.
Inside the candlelit L.A. church where emo lovers analyze My Chemical Romance lyrics
Immanuel Presbyterian, featured in the My Chemical Romance video "Helena," is inviting people to attend its new October series pairing My Chemical Romance lyrics and Christianity.
"Is It Me Or He Looks Happier As A Spanish Speaker Than An English One??": I Was Today Years Old When I Learned That These 9 Celebrities Speak Perfect Spanish
Not sure if I should be ashamed or impressed that Ben Affleck's accent is lowkey better than mine... View Entire Post ›
Why Trump’s Russian Diesel Deal Is Unlikely to Lower Fuel Costs
President Trump’s deal with Russia will probably not lower diesel prices that have soared because of his war with Iran and Ukrainian attacks on Russian refineries.