Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Australia’s central bank slows pace of rate hikes in surprise move

SYDNEY – Australia’s central bank on Tuesday surprised markets by lifting interest rates by a smaller-than-expected 25 basis points, saying they had already risen substantially, though it added that further tightening would still be needed. Wrapping up its October policy meeting, the Reserve Bank of Australia (RBA) raised its cash rate to a nine-year peak […]

Stricter borrowing criteria for property buyers, 15-month wait for private property owners moving to HDB flats

SINGAPORE – The maximum amount of money home buyers can borrow to purchase their homes will be tightened with immediate effect, so that borrowers avoid future difficulties in servicing those loans. The cooling measures come after interest rates have risen significantly and are likely to continue rising, the Monetary Authority of Singapore (MAS), Ministry of […]

Asia stocks slump on global slowdown fears after Fed signals more rate hikes ahead

SINGAPORE – Asian stock markets slumped on Thursday amid heightened global slowdown fears after the US Federal Reserve signalled even more aggressive rate hikes ahead than investors had expected as it raised its key interest rate by a hefty 75 basis points for a third straight time. Notably, Fed chairman Jerome Powell in comments on Wednesday […]

Markets turn volatile on softer US jobs data, speculation of further rate hikes

SINGAPORE – Despite the so-called “Goldilocks” jobs numbers for August, markets tanked last Friday as prevailing nervousness over the United States Federal Reserve’s next rate hikes spooked investors. Wall Street’s marquee Dow Jones Industrials Index ended the week almost 3 per cent down at 31,318.44 points, ringing up a 4.81 per cent loss since June […]

Singapore hotels charge highest average room rate in 10 years as visitors return

SINGAPORE – Singapore hotels’ average room rate (ARR) rose to a near-decade high in July, extending growth for the sixth straight month, as global visitors returned with the reopening of international borders. ARR in July was $259 – the highest since September 2012 when it was $261.66, according to the latest data from the Singapore Tourism […]

Younger Colorectal Cancer Population Highlights the Importance of Early Screening, Highly Sensitive Test Product Prenetics has Launched the Market

Younger Colorectal Cancer Population Highlights the Importance of Early Screening, Highly Sensitive Test Product Prenetics has Launched the Market

HONG KONG, Sep 2, 2022 – (ACN Newswire via – Colorectal cancer (CRC) has become one of the main cancers threatening the health of human beings. In the United States and China, CRC has ranked among the top three cancers that leads to death. CRC screening has been proven to be one of the […]

Australia home prices post steepest drop in almost four decades

SYDNEY (BLOOMBERG) – Australian home prices recorded their largest monthly decline in almost four decades in August, with rising interest rates expected to drive further falls this year and next. Sydney, Australia’s largest market, slid 2.3 per cent, Melbourne dropped 1.2 per cent and Brisbane fell 1.8 per cent, property consultancy CoreLogic said in a […]