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As President Donald Trump on Saturday reaches the one-yr mark since his inauguration, the U.S. financial system is booming. It would significantly scale back the fee and time for travellers and for the move of products between Hong Kong and the Western PRD, accelerating the financial integration of the PRD and its neighbouring provinces, and growing its competitiveness. BSNL, Air India, MTNL worst performing PSUs in FY 17 13 Mar, 2018 05:sixteen PM ISTBSNL, Air India and MTNL incurred fifty five.66 per cent of the entire losses suffered by the top ten loss-making CPSEs in 2016-17.

In 2017, a total of 58.5 million visitors, equal to 7.9 times of the dimensions of Hong Kong’s local population, had been recorded, with these from the Chinese mainland accounting for 76{a24bb2b0f5056a2cf158ab58bcf72750b4b28a459e1f155879d047465df4f81d} of the full. The Senate is edging ahead legislation to roll back a few of the restraints on banks that President Barack Obama and Democrats in Congress put in place eight years ago to prevent another financial disaster.economic news article

THIS week’s international share market massacre was a small tremor earlier than the large earthquake” as Australia moves ever closer to financial armageddon”, a former government economist has warned. In the meantime, Hong Kong’s shopper prices rose 1.7{a24bb2b0f5056a2cf158ab58bcf72750b4b28a459e1f155879d047465df4f81d} yr-on-year in January 2018, after growing by 1.5{a24bb2b0f5056a2cf158ab58bcf72750b4b28a459e1f155879d047465df4f81d} in 2017. Australian shares are likely to tumble, following a Wall Avenue plunge brought on by Donald Trump’s announcement of steep tariffs on imported metal and aluminium.

A senior US economic adviser has resigned following the US president’s choice to slap tariffs on metal and aluminium. Because the 2016 election, home stocks and Wall Street’s long-operating bull market have gotten a brand new tailwind, with speak of tax cuts, along with deregulation and big infrastructure spending. A broad swath of U.S. industries is sad with the tariffs that the Trump administration is imposing on aluminum and steel imports.economic news article

Massive lenders together with the Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China and China Development Financial institution have opened their department operations in Hong Kong. In 2017, Hong Kong’s financial system grew by 3.eight{a24bb2b0f5056a2cf158ab58bcf72750b4b28a459e1f155879d047465df4f81d} in actual terms, up from 2.1{a24bb2b0f5056a2cf158ab58bcf72750b4b28a459e1f155879d047465df4f81d} progress in 2016. Still, when household debt will increase too quickly compared to financial growth or reaches very excessive ranges, it represents a vulnerability, and it might have a damaging impression on each households and the banking sector in the occasion of an unexpected economic shock.economic news article

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