Thursday, April 24, 2014   

HKMA foresees volatile trading
(12-19 10:54)

Acting Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, says he believes that in the short term, the US Federal Reserve’s decision to cut back stimulus next month will cause market volatility.
To ensure the stability of the local banking system, Yue said the authority had already advised banks to closely monitor interest rates and not to lend too much.
He said the Fed's decision shows the US economic recovery is continuing and that monetary conditions have started to normalize but he warned of uncertainties that could affect the tapering, such as US unemployment and inflation rates.—RTHK

Other Business breaking news:
Europe sees better government finances in 2013 (04-23 18:34)
Better business activity in Europe: survey (04-23 18:24)
Eurozone deficits improve, debt mounts (04-23 17:10)
China pork firm scales down IPO target (04-23 17:08)
Hang Seng, Shanghai fall at close (04-23 16:47)
China to increase natural gas supply (04-23 16:16)
China Mobile profit down (04-23 15:53)
European markets open flat (04-23 15:40)
Australia sees higher price levels in first quarter (04-23 15:13)
Nikkei rallies at close (04-23 14:16)

More breaking news >>

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