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The Hong Kong housing market has seen the most significant decline since 2016, Bloomberg reports. In November, the number of new home sales is approaching the lowest since January or February of this year. The fall in housing prices has been observed for 8 weeks in a row, which is the largest period of decline since 2016. In November, this figure fell by 1.3%, which was the largest weekly decline since March 2016. At the same time, relative to August, prices in the secondary housing market fell by 5%. Experts at Goldman Sachs expect a further fall in housing prices in Hong Kong against the background of rising interest rates by the US Federal Reserve. According to their forecasts, in the next 2 years, prices in Hong Kong will decrease by 15-20%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The second quarter had seen South Korea slipping into recession. This came to be the country’s sharpest economic downturn in more than two decades as the novel coronavirus crisis weighed on exports and social distancing measures halted ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
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