News
Hong Kong interbank rates forecast to drop on expected US monetary easing in 2026
3+ hour, 26+ min ago (223+ words) The US Federal Reserve under a new chairman in 2026 is expected to press ahead with interest rate cuts of up to 75 basis points, a move that would lower Hong Kong's interbank-linked loan costs but leave prime lending rates stuck at…...
Japan may lose GDP race to India amid weak yen, tourism woes and China row
19+ hour, 7+ min ago (188+ words) Japan's economy is likely to fall behind India's in 2026 to fifth place in the world, according to an International Monetary Fund's estimate, potentially diminishing the East Asian nation's presence on the global stage. The subdued economic outlook makes Prime Minister…...
Small restaurants in China starve as consumers suppress appetite for spending
21+ hour, 56+ min ago (230+ words) Per-capita spending per meal has dropped nearly 24 per cent since 2023, data provider says, as property slump sows uncertainty Small restaurants across mainland China have taken a beating as budget-conscious consumers refrain from dining out because of prevailing pessimism about their…...
Opinion | Why Donald Trump will focus on the Fed in 2026
1+ day, 13+ hour ago (736+ words) Opinion | Why Donald Trump will focus on the Fed in 2026South China Morning Post US President Donald Trump's tariffs will undoubtedly play a significant role in how we will remember 2025. While economists predicted a growing possibility of a recession back in…...
China’s second-hand boom fuels bruising battle for trade-in traffic
2+ day, 2+ hour ago (232+ words) Recycling platform ATRenew is scaling up as China's young consumers shed the stigma around second-hand shopping Thanks to tighter budgets and a growing taste for retro tech, Chinese millennials and Gen Z consumers " who once chased the latest iPhone or…...
Hong Kong developer SHKP nudges up prices on latest Sierra Sea flats on offer
2+ day, 16+ hour ago (145+ words) Developer offers 148 units in Phase 2A of Sierra Sea development, expecting strong demand from homebuyers The 148 units in Phase 2A of the development in Sai Sha Wan, Sai Kung, were priced from HK$3.43 million (US$440,961), with an average discounted price of HK…...
India overtakes Japan as world’s fourth largest economy, eyes top 3 by 2026
2+ day, 17+ hour ago (131+ words) India overtakes Japan as world's fourth largest economy, eyes top 3 by 2026South China Morning Post Government data shows India's GDP at US$4.18 trillion, with projections it will surpass Germany by 2026 despite global trade challenges "India is among the world's fastest-growing major…...
India overtakes Japan as world’s fourth largest economy, eyes top 3 in 2026
2+ day, 17+ hour ago (192+ words) India has overtaken Japan as the world's fourth-largest economy " and officials hope to pass Germany within three years, the government's end-of-year economic review calculates. Official confirmation however depends on data due in 2026 when final annual gross domestic product figures are…...
Malaysians rejoice as ringgit’s surge boosts travel budgets: ‘it’s good news’
3+ day, 1+ hour ago (176+ words) Travellers capitalise on the favourable exchange rate for holidays after the currency hit a five-year high against the US dollar The ringgit's surge to a five-year high against the US dollar is prompting Malaysians, especially travellers, to exchange the currency…...
Trump says he still might fire Powell as Federal Reserve chief, teasing a preferred pick
3+ day, 2+ hour ago (213+ words) US President Donald Trump teased that he has a preferred candidate to be the next head of the Federal Reserve but is in no hurry to make an announcement while also musing that he might fire the central bank's current…...