Wednesday, October 14, 2015   

Hang Seng dips by break
(01-09 12:20)

Hong Kong shares fell 0.12 percent in the morning session Thursday following losses on Wall Street after US Federal Reserve meeting minutes showed policymakers believed the economy could withstand reduced monetary stimulus.
The benchmark Hang Seng Index lost 26.72 points to 22,969.87 on turnover worth HK$35.75 billion, AFP reports.
The minutes of the Fed's December 17-18 policy meeting showed that "most'' policymakers "had become more confident'' that labour market conditions would continue to improve if the Fed cut its monetary stimulus.
The minutes documented the discussion that preceded the Fed's December 18 announcement that it was trimming asset purchases by US$10 billion to US$75 billion a month beginning in January.   
Other Business breaking news:
Ernst & Young in the crosshairs for fraudster Madoff’s scam (10-13 18:57)
German investor confidence takes a beating (10-13 17:40)
Hang Seng drops, Shanghai climbs (10-13 16:31)
London stocks lower after China data (10-13 16:18)
HK, China stocks fall (10-13 13:17)
China exports and imports weaken further (10-13 12:16)
Dell in US$67b deal to buy EMC (10-12 20:29)
Ford plows US$1.8b into China to develop advanced auto technologies (10-12 19:53)
Glencore to offload copper mines in Australia and Chile (10-12 18:38)
Ex-banker Falciani who lifted lid on HSBC Swiss unit tax dodger accounts, skips trial (10-12 18:20)

More breaking news >>

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