Shanghai Pudong district at sunriseDukai Photographer | Moment | Getty ImagesAsia-Pacific markets rose Monday, ahead of Donald Trump’s inauguration as investors awaited greater clarity on the policies of the incoming U.S. administration.Hong Kong’s Hang Seng index rose 2.22% to the highest level since Dec. 31, lifted by the consumer cyclicals and educational services sector, data from LSEG showed. Mainland China’s CSI 300 added 1.06% as China left its benchmark lending rates unchanged Monday.The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%. The offshore yuan strengthened modestly to 7.3345 against the…
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With the aid of a dropped two-point conversion attempt, the Buffalo Bills held on to defeat the Baltimore Ravens, 27-25, on Sunday in the final divisional round game of the weekend.Ravens tight end Mark Andrews was open on the game-tying two-point try with 1:33 to go but couldn’t haul in the pass from quarterback Lamar Jackson. Buffalo recovered the ensuing on-side kick and secured the victory. The two-point conversion is no good 😳 📺: #BALvsBUF on CBS📱: Stream on @NFLPlus and Paramount+ pic.twitter.com/s1DAo0tdm1 — NFL (@NFL) January 20, 2025The win puts Buffalo in the AFC Championship Game for the second…
Dozens of Uyghur men who fled persecution in their native China only to find themselves detained in Thailand have entered the second week of a hunger strike in Bangkok. Their fast is a last-ditch effort to pressure the Thai government to halt what the detainees fear is imminent deportation to China, where they face the risk of torture and imprisonment.The men, who have been in Thai detention centers for more than a decade, started their hunger strike on Jan. 10, two days after they were given “voluntary return” forms to sign, according to accounts from two of the detainees.All refused…
YINAN, CHINA – DECEMBER 26 2024: A worker counts RMB banknotes during a gathering to distribute the yearly dividend to members of an agricultural co-operative in Yinan county in east China’s Shandong province Thursday, Dec. 26, 2024. Wang Yanbing | Future Publishing | Getty ImagesThe Chinese yuan is widely expected to depreciate against an ascendant U.S. dollar. A thornier question confronting market watchers: Just how far and fast the currency could slide?The stakes are huge. The impact of a pronounced weakness in the yuan could not only reverberate around the world by blunting export competitiveness for countries that compete with China…
The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability.Peng Song | Moment | Getty ImagesChina left its benchmark lending rates unchanged Monday, as Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump administration.The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement.The 1-year LPR determines rates on corporate and most household loans, while the 5-year LPR acts as a reference for mortgage loans.The…
In one of the most shocking NFL playoff upsets in recent memory, rookie sensation Jayden Daniels and the sixth-seeded Washington Commanders knocked off the NFC’s No. 1 seed on Saturday with a 45-31 road win over the Detroit Lions. The win sends Washington to its first NFC Championship Game since the 1991 season.Daniels and the Commanders walked into the Lions’ den facing long odds against a high-scoring team that lost two games at Ford Field in 2024. Washington did not at all resemble an underdog by the game’s end, however.After falling behind 7-3 in the first 14 minutes, Washington’s fortune…
The sounds of celebration replaced those of explosions in the Gaza Strip on Sunday as a fragile cease-fire came into effect after 470 days of war, allowing some hostages to return home to Israel, Palestinians imprisoned in Israel to be released, and displaced Gazans to search for what was left of their homes. Under the terms of the laboriously reached deal, fighting between the Israeli military and Hamas militants stopped at 11:15 a.m., raising hopes for a more lasting end to a war that has plunged the Middle East into fear and uncertainty.The first hostages — three women seized when…
Ho Kwon Ping, 72, is the executive chairman of Banyan Group.Bloomberg | Bloomberg | Getty ImagesBuilding a business is not for the faint of heart, and many of those who dare to take the chance share one trait: self-confidence.That’s according to hotel tycoon Ho Kwon Ping, 72, the founder and executive chairman of Banyan Group, a hospitality company with a portfolio of about 80 resorts and hotels in 22 countries.The company, which is listed on the Singapore Stock Exchange, generated about $328 million Singapore dollars (about $240 million) in revenue in 2023.Ho is also the executive chairman of food and…
People pass in front of big screen during the speech of US President Donald Trump on January 26, 2018 at the Davos Congress Centre (C), the venue of the annual World Economic Forum (WEF), in the town of Davos, eastern Switzerland. / AFP PHOTO / MIGUEL MEDINA (Photo credit should read MIGUEL MEDINA/AFP via Getty Images)Miguel Medina | Afp | Getty ImagesBillionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, according to Oxfam’s latest annual inequality report.The combined wealth of the world’s most wealthy rose from $13 trillion to $15 trillion in…
The Philadelphia Eagles advanced to the conference championship game for the second time in the last three seasons after a snowy 28-22 win over the Los Angeles Rams on Sunday.Lincoln Financial Field was covered in snow in the second half of the tightly contested NFC divisional matchup, but Philadelphia’s usual strengths — its No. 1-ranked defense (by yards allowed) and its Saquon Barkley-led rushing attack — were the difference yet again. Especially after quarterback Jalen Hurts was hampered by a left knee injury sustained while absorbing a sack late in the third quarter.In addition to a pair of long touchdown…
