News
Gold loses its shimmer in Asia over rising oil prices, hawkish Fed stance
4+ hour, 56+ min ago (189+ words) Demand for the metal is likely to remain weak, with central banks not expected to cut interest rates for some time due to high energy prices A surge in energy costs has revived inflation concerns and made central banks less…...
HK$1 minimum wage rise unlikely to significantly lift low-paid incomes, experts say
11+ hour, 30+ min ago (200+ words) Latest increase to HK$43. 10 per hour offers limited boost, but helps workers keep pace with inflation and stabilises labour costs Experts have warned that the HK$1 (13 US cents) increase in Hong Kong's minimum wage, which takes effect on Labour Day,…...
Minerals over ideology? US moves to break China's rare earths grip
1+ day, 4+ hour ago (525+ words) First published in 1903, South China Morning Post is Hong Kong's premier English language newspaper and has the city's most affluent and influential readership. With a reputation for authoritative, influential and independent reporting on Hong Kong and China. The newspaper is…...
Pakistan's IMF-backed recovery under pressure as Iran-US mediation stalls
1+ day, 9+ hour ago (168+ words) While Islamabad continues to push for peace, the war threatens to erode its foreign exchange reserves and make financing harder to secure With peace efforts stalled after a temporary ceasefire earlier in April, one potential source of relief has faded,…...
How China can avoid a repeat of Japan's "lost decades', in eyes of top economist
1+ day, 9+ hour ago (83+ words) Bai Chongen is a prominent Chinese economist and government adviser. He is the dean of Tsinghua University's School of Economics and Management and serves concurrently as vice-chairman of the All-China Federation of Industry and Commerce. From 2015 to 2018, he was a…...
HKMA holds base rate at 4%, following Fed amid inflation worries
1+ day, 15+ hour ago (187+ words) We're going to have to wait and see,' Fed chairman Jerome Powell says after hosting his last FOMC meeting The city's base rate would stay at 4 per cent, the Hong Kong Monetary Authority (HKMA) said on Thursday, hours after the…...
Before Trump's visit, China touts mineral dominance, fortifies resource security
2+ day, 3+ hour ago (225+ words) Ministry of Natural Resources boasts world-leading reserves of 14 minerals and vows to keep boosting output and exploration as geopolitical risks weigh on resources China is flexing its dominance over the global supply chain " claiming the world's largest reserves of 14 essential…...
Why Malacca Strait tolls are unlikely despite Indonesia's maritime push
3+ day, 6+ hour ago (490+ words) South China Morning Post Iran's closure of the Strait of Hormuz in the Middle East has turned the spotlight on a strategic waterway thousands of miles away in Southeast Asia, with littoral states having different ideas on how to control…...
Hong Kong home prices rise in March as rents peak for a fifth month straight
3+ day, 9+ hour ago (173+ words) Prices of the city's residential property rose by 1. 4 per cent, showing strong resilience despite economic turbulence caused by the Iran war The monthly increase was slower than February's 1. 8 per cent, but 2026's first-quarter rise was faster than the 2. 11 per cent…...
Rolls-Royce boosts China presence with engine maintenance venture
3+ day, 15+ hour ago (191+ words) The maintenance, repair and overhaul facility in Beijing will be capable of handling up to 250 shop visits per year British industrial conglomerate Rolls-Royce is strengthening its presence in China via a newly launched engine maintenance joint venture with Air China,…...