foreign exchange

Funds worth HKD $71.5 billion (US $9.2 billion) flowed into Hong Kong in April, said Hong Kong Monetary Authority (HKMA) chief Norman Chan Tak-Lam in a Legislative Council meeting on May 4.

China’s yuan crashed against the dollar on Jan. 30 in offshore trading, spurring rumors that a central bank action to devalue the currency could be imminent.

Under pressure to jolt the lethargic world economy back to life, leaders of G-20 nations on Sunday finalized a plan to boost global GDP by more than $2 trillion over five years.

Suppose you’re in the supermarket shopping for groceries. While you’re strolling the aisle with your cart, a shadowy figure looms over your shoulder and changes the prices on the items you want to buy before you get a chance to pick them up.

Henry DeGroot, an 18-year-old senior at Newton North High School in Massachusetts, experienced at a personal level what he described as American appeasement of Chinese officials after he wrote a pro-democracty note as a exchange student.