Shortly before the evening rush hour recently, chaos erupted at Hong Kong’s Wu Kai Sha MTR station when a wild boar stormed through the concourse. The animal, about 1.2 metres long and weighing around 40kg, knocked down an elderly man. The charging boar left a trail of blood on the station floor, injuring three other residents in a frenzied dash towards a nearby bus terminus and housing estates. “...
Shortly before the evening rush hour recently, chaos erupted at Hong Kong’s Wu Kai Sha MTR station when a wild boar stormed through the concourse. The animal, about 1.2 metres long and weighing around 40kg, knocked down an elderly man. The charging boar left a trail of blood on the station floor, injuring three other residents in a frenzied dash towards a nearby bus terminus and housing estates. “I saw it rampaging at the bus terminus while residents followed, snapping photos,” a woman working...
Veteran Hong Kong sports administrator Lawrence Yu Kam-kee is selling his Kowloon Tong home of over 50 years for about HK$190 million (US$24.2 million), after waiting patiently for market conditions to improve. “I had wanted to sell for a long time but waited until the market improved a bit to get a better price,” Yu told the South China Morning Post. He added that he had moved out of the house ab...
Veteran Hong Kong sports administrator Lawrence Yu Kam-kee is selling his Kowloon Tong home of over 50 years for about HK$190 million (US$24.2 million), after waiting patiently for market conditions to improve. “I had wanted to sell for a long time but waited until the market improved a bit to get a better price,” Yu told the South China Morning Post. He added that he had moved out of the house about a year ago as it was too large for a single occupant. The sale agreement had been signed and a...
Madness At The Grocery Store Authored by Jeffrey Tucker via The Epoch Times, Sometimes it is just a mood. Sometimes it’s the store or the product. Regardless, I can hardly go to the grocery store these days without a sense of shock at how much I’m spending even while buying as little as possible. Money-saving tactics—choosing cheaper venues, substituting products, just eating less—don’t seem to wo...
Madness At The Grocery Store Authored by Jeffrey Tucker via The Epoch Times, Sometimes it is just a mood. Sometimes it’s the store or the product. Regardless, I can hardly go to the grocery store these days without a sense of shock at how much I’m spending even while buying as little as possible. Money-saving tactics—choosing cheaper venues, substituting products, just eating less—don’t seem to work anymore. Grocery days used to be happy. Smiles all around. The bounty was all around us. We met people and had quick and charming conversations, even talking about recipes with strangers and making short introductions in line. The bad mood from shopping started years ago —a year after COVID-19 pandemic lockdowns began, when prices started responding to the flood of newly printed money funding stimulus payments. The checkout line was filled with grumpy people wearing masks. People stopped talking with one another except to register shock. You left feeling like you had been pillaged. Time healed that wound even though prices kept rising and predictably so. We all started making changes. Less eating out. No more restaurant cocktails, which had oddly doubled in price, because menu items are hard to change. We stopped shopping at the fancy stores and found the grittier venues. We joined wholesale shopper’s clubs and bought in bulk to save money. This worked for a while to keep the bills down and the budget in check. There are so many money-saving tricks you can use, such as giving up products you never should have bought anyway and buying things such as vinegar and baking soda instead of branded junk. It’s shocking, once you look around the house, how profligate we’ve been during boom times. All seemed like it was going to be OK after the inauguration in 2025, when price increases stopped and inflation fell dramatically. The prices of 2019 would never come back, of course. The dollar had lost some 30 percent of its valuation in a mere five years. Dealing with that psychologic...
The yen’s slide is seen continuing even as Japanese officials ramp up intervention rhetoric, according to UBS Group AG strategists, who see the dollar-yen pair reaching 175 by year-end in an “extended disruption” scenario. If oil prices were to rise toward $150 a barrel, “using FX intervention to try to control inflation could potentially be a case of providing the market a higher level at which t...
The yen’s slide is seen continuing even as Japanese officials ramp up intervention rhetoric, according to UBS Group AG strategists, who see the dollar-yen pair reaching 175 by year-end in an “extended disruption” scenario. If oil prices were to rise toward $150 a barrel, “using FX intervention to try to control inflation could potentially be a case of providing the market a higher level at which to sell JPY, at the expense of running down FX reserves without necessarily changing the trajectory,” strategists including Shahab Jalinoos said in a note published Wednesday. Efforts to curb inflation may instead rely more on fiscal measures such as energy subsidies, they added. In that scenario, markets may conclude that Japanese policymakers are not intent on halting the yen’s weakness amid a global stagflation environment, with the resulting terms-of-trade shock pushing dollar-yen significantly higher. Read: Japan’s Latest Warnings on FX Intervention Help Buoy Yen The call comes as dollar-yen broke above the 160 level for the first time since 2024 on Friday, prompting increasingly forceful warnings from policymakers. Japan’s top currency official Atsushi Mimura flagged the risk of “ decisive action ,” while Bank of Japan Governor Kazuo Ueda reiterated that exchange-rate moves are a factor for policy. Finance Minister Satsuki Katayama also signaled readiness to respond, underscoring heightened sensitivity to further yen weakness.
NASA’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. (Source: Bloomberg)
NASA’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. (Source: Bloomberg)
Global investors are pouring money into Malaysian bonds as the Iran conflict drives oil prices higher, bolstering the outlook for the energy-exporting nation while rattling other emerging-market peers. Global funds bought over $2 billion in Malaysian corporate and sovereign bonds as of March 19, marking the highest inflow in 10 months, according to the latest data from Bank Negara Malaysia. By con...
Global investors are pouring money into Malaysian bonds as the Iran conflict drives oil prices higher, bolstering the outlook for the energy-exporting nation while rattling other emerging-market peers. Global funds bought over $2 billion in Malaysian corporate and sovereign bonds as of March 19, marking the highest inflow in 10 months, according to the latest data from Bank Negara Malaysia. By contrast, debt markets in Thailand and Indonesia experienced capital outflows last month. Outflows from some of Southeast Asia’s bonds reflect a broader retreat from the emerging markets. Global emerging-market exchange-traded bond funds recorded a cumulative exodus of nearly $1 billion in the month through March 27, according to data compiled by Bloomberg. Malaysia’s decoupling stems from a projected oil-revenue windfall that cushions the economy while rising crude prices from the Iran war pressure finances of other nations. The fiscal support also anchors inflation, buoying Malaysian sovereign bonds and the ringgit as regional peers struggle. “Malaysia’s bond market continues to attract foreign demand due to its macro stability, a firmer ringgit relative to ASEAN peers and fiscal consolidation,” said Peerampa Janjumratsang , a portfolio manager for fixed income at M&G Investments in Singapore. She expects Malaysian bonds to remain relatively stable during the Iran conflict and maintains an overweight position. A recent Bloomberg study of five energy shocks since 2022 — ranging from the start of the Ukraine war to the latest Middle East conflict — ranks Malaysian bonds as one of the most resilient in emerging Asia. That performance is underpinned by Malaysia’s commitment to protect local consumers from rising oil prices. The government signaled it will maintain subsidized fuel prices , despite a reduction in the monthly quota. The move contrasts with Thailand’s recent diesel subsidy cuts and a national energy emergency declaration in the Philippines. Malaysia’s fiscal consoli...
据一封致股东的信函显示，KKR旗下非上市商业发展公司KKR FS Income Trust在赎回请求激增后限制了赎回。 这支名为K-FIT的基金在2026年第一季度收到了约占已发行股份6.3%的赎回请求，根据周二发布的信函，该基金计划满足其中约80%的请求。 另一方面，KKR FS Income Trust Select（简称K-FITS）回购了股东要求赎回的全部约3.7%的份额。信中指出，本季度...
Amazon.com (NasdaqGS:AMZN) is reportedly in advanced talks to acquire satellite telecom company Globalstar. The potential deal would expand Amazon's presence in satellite communications beyond its existing Project Kuiper plans. Apple is a significant equity holder in Globalstar, adding a competitive and partnership angle to any transaction. For you as an investor, this potential move puts Amazon's...
Amazon.com (NasdaqGS:AMZN) is reportedly in advanced talks to acquire satellite telecom company Globalstar. The potential deal would expand Amazon's presence in satellite communications beyond its existing Project Kuiper plans. Apple is a significant equity holder in Globalstar, adding a competitive and partnership angle to any transaction. For you as an investor, this potential move puts Amazon's satellite ambitions in a different light. The company is already building out Project Kuiper...