News
Wages up 3. 4% y/y, 62% of firms lift pay in March
10+ hour, 15+ min ago (311+ words) Dimsum Daily 26th June 2026 " (Hong Kong) Hong Kong's average wage rate rose 3. 4% year on year in March 2026, according to Census and Statistics Department figures released on 26th June. After accounting for inflation using the Consumer Price Index (A), real wages increased by 1. 7%. Payroll…...
U. S. core inflation climbs to three'year high as energy costs bite
1+ day, 4+ hour ago (311+ words) 25th June 2026 " (Washington) The Federal Reserve's preferred measure of inflation accelerated to its highest level in three years in May, underscoring persistent price pressures as elevated energy costs continue to weigh on American households. Figures released on Thursday by the Commerce…...
Gold slips below US$4, 000 as dollar rallies and Fed stays hawkish
2+ day, 5+ hour ago (393+ words) Dimsum Daily 24th June 2026 " (New York) Gold fell through the psychologically important $4, 000-per'ounce threshold on Wednesday for the first time since November 2025, pressured by a stronger U. S. dollar and mounting expectations that interest rates will remain elevated. Spot prices fell as much…...
S&P 500 futures edge higher as Micron jumps; PCE inflation in focus
1+ day, 18+ hour ago (431+ words) 25th June 2026 " (New York) Asia-Pacific led the early risk-on tone Thursday, with South Korea's Kospi surging more than 5% at the open and the Kosdaq up 1. 32%. Japan's Nikkei 225 advanced 1. 28% and the Topix gained 0. 76%, while Australia's S&P/ASX 200 was slightly weaker. Momentum…...
Russia trims key rate to 14. 25% as inflation cools
1+ week, 4+ hour ago (212+ words) Dimsum Daily 19th June 2026 " (Moscow) Russia's central bank has lowered its benchmark interest rate by 25 basis points to 14. 25 per cent, pointing to easing inflationary pressures and steady, if moderate, economic expansion. In a statement released on Friday, the bank said price…...
Goldman Sachs warns Fed may hike rates as soon as September
1+ week, 9+ hour ago (436+ words) If incoming inflation data between now and September do not demonstrate a clear cooling trend, it would be prudent, based on the balance of risks, to take action," Kaplan said in an interview, adding that such a move could come…...
Sogo Causeway Bay operator secures HK$6. 39bn refinancing from 19 banks hours before deadline
1+ week, 1+ day ago (278+ words) 18th June 2026 " (Hong Kong) The company behind Hong Kong's Sogo department stores has completed a HK$6. 39 billion refinancing deal backed by its flagship Causeway Bay property, just hours before a repayment deadline, according to sources familiar with the matter. Lifestyle International…...
Bitcoin slips to $64k as hawkish Fed tone rattles crypto
1+ week, 1+ day ago (297+ words) Dimsum Daily 18th June 2026 " (New York) Bitcoin slid below $64, 000 after the new Federal Reserve chair, Kevin Warsh, struck a hawkish note, sparking a broader retreat from risk. The wobble echoed across digital assets, taking total crypto market value down 2. 6% to about…...
Hong Kong note-issuing banks hold prime rates steady
1+ week, 1+ day ago (160+ words) Dimsum Daily 18th June 2026 " (Hong Kong) Hong Kong's three note-issuing banks have kept their key lending rates unchanged, maintaining stability in borrowing costs across the city. HSBC confirmed that its Hong Kong dollar prime rate will remain at 5 per cent. The…...
Hong Kong trade volumes surge over 30% in April
1+ week, 3+ day ago (272+ words) For the first four months of 2026 as a whole, export volumes expanded by 28. 0 per cent year on year and imports by 32. 0 per cent, underlining a sustained rebound in merchandise flows. On a seasonally adjusted basis, comparing the three months ending…...