Thursday, April 17, 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

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Hang Seng, Shanghai rise (04-17 16:58)
Flat open for European markets (04-17 15:48)
Nikkei gives up early gains (04-17 15:43)
China eases with reserve cut for rural banks: report (04-17 15:42)
Hang Seng inches up at mid-day (04-17 12:13)
Sony's PlayStation 4 sales top 7 million (04-17 12:06)
Weibo IPO priced at lower end: report (04-17 11:34)
Nikkei down by break (04-17 11:16)
Exports boost Italy's trade surplus (04-16 18:42)

More breaking news >>

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