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Hong Kong Dollar Hits 10-Month Low as Fed View Buoys Greenback

The Hong Kong dollar fell to its weakest level against the US dollar in about 10 months, as a stronger greenback and expectations for further Federal Reserve rate hikes pressured Asian currencies.

Β· 1 MIN READ Β· Bloomberg Markets
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Sherritt Warns of Going-Concern Risk After Trump Cuba Sanctions

A Canadian miner that is one of Cuba’s biggest foreign investors warned investors that its ability to carry on as a going concern is in doubt after Donald Trump expanded US sanctions on the Caribbean nation.

Β· 1 MIN READ Β· Bloomberg Markets
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'Chinamaxxing' bets at Mobile World Congress Shanghai

A lot of mobile and consumer brands at the Mobile World Congress in Shanghai are taking advantage of the "Chinamaxxing" trend of targeting younger consumers abroad. Bloomberg's Chief North Asia correspondent Stephen Engle has more. (Source: Bloomberg)

Β· 1 MIN READ Β· Bloomberg Markets
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Chinese Energy Firm Pushes Fresh Debt Revamp After Payment Delay

Huachen Energy Co. plans to present a proposal to restructure its bonds, including $627 million in dollar-denominated notes, to investors as early as August, according to people familiar with the matter, as the Chinese power producer makes a fresh bid to ease liquidity pressure.

Β· 1 MIN READ Β· Bloomberg Markets
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Xi Jinping has hosted more than a dozen leaders this year, as ‘middle powers’ look beyond the US

China’s leader wants to promote his alternative to the current world order, and his efforts are being assisted by a capricious US Xi Jinping meets Bangladesh’s new prime minister on Friday, the latest in a wave of world leaders to visit Beijing this year as the Chinese leader builds his influence and economic ties, and seeks to “shift the balance of power” away from the west. Xi’s meeting with…

Β· 1 MIN READ Β· The Guardian Business (UK)
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