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The minutes of the Federal Reserve’s October meeting, released on Wednesday, showed that policymakers were divided over the decision to cut interest rates, reflecting disagreements about whether a cooling labor market or persistent inflation posed the greater threat to the economy.   Although the Federal Open Market Committee approved a rate cut at the meeting, the path for monetary policy in the coming period has become less clear. The divisions extended to expectations for December, with several officials expressing doubts about the need for an additional cut that investors had widely anticipated. “Many” participants said there would be no need…

A company associated with Vincent Gao Leyi, the founder of Hong Kong-based hedge fund CoreView Capital, has bought a luxury home in the city’s Southern district for about HK$579 million (US$74.3 million), according to official records.Matrix Properties was identified as the buyer of House 6 at the upscale development No 15 Shouson Hill in one of the city’s most exclusive enclaves, Land Registry documents showed.According to the Companies Registry, Gao serves as a director of Matrix Properties along with Jiang Yijun. Gao is also the CEO and chief investment officer of CoreView, according to his LinkedIn page.Jiang and Bosco Consultancy,…

A majority of Asia-Pacific institutional investors believe markets are due for a correction in 2026, citing a potential tech bubble, geopolitical tensions and recession as their primary worries, according to a survey report published on Tuesday by Natixis Investment Managers.Global markets had been “remarkably resilient” in 2025 despite challenges such as tariffs, geopolitical conflicts and supply chain disruptions, according to Natixis. However, 74 per cent of institutional investors globally – including 80 per cent in the Asia-Pacific region – believed a correction was overdue.Among Asia-Pacific investors, 48 per cent cited the potential for a tech bubble as their top concern,…

A majority of Asia-Pacific institutional investors believe markets are due for a correction in 2026, citing a potential tech bubble, geopolitical tensions and recession as their primary worries, according to a survey report published on Tuesday by Natixis Investment Managers.Global markets had been “remarkably resilient” in 2025 despite challenges such as tariffs, geopolitical conflicts and supply chain disruptions, according to Natixis. However, 74 per cent of institutional investors globally – including 80 per cent in the Asia-Pacific region – believed a correction was overdue.Among Asia-Pacific investors, 48 per cent cited the potential for a tech bubble as their top concern,…

China has accused the United States of trying to undermine its relations with Greece after the US ambassador Kimberly Guilfoyle urged Athens to sell the Chinese-operated port of Piraeus.Guilfoyle called the presence of China’s state-owned shipping giant Cosco at the port in the south of Greece “unfortunate”, in an interview last week with Greek broadcaster Antenna TV.“But I think there are ways around it, that something could be worked out, whether you pursue a path of enhancing output in other areas or perhaps that Piraeus could be for sale,” she said.“I think it’s very important to have American infrastructure here…

A Cambodian beauty queen has stirred controversy in Thailand after giving a political speech accusing Bangkok of provoking conflict during a pageant segment in Phnom Penh, with social media users accusing her of using an international dispute to grab attention.A day after Chouri Laorhours was crowned Miss Teen Cambodia, her tearful speech was posted on the pageant’s social media account.In a video, Laorhours carries a Cambodian flag and starts her speech in Khmer. Speaking “on behalf of all Cambodian people,” she asks for the return of 18 Cambodian soldiers being held by Thailand, according to the Khmer Times newspaper.She then…

China Evergrande Group’s famous log-cabin hotel in Quebec, Canada, has been placed in receivership after the defaulted real estate developer failed to make payments on its debt.Fairmont Le Chateau Montebello, which has hosted luminaries including Grace Kelly and Margaret Thatcher, would be put up for sale by PricewaterhouseCoopers LLP, the court-appointed receiver, according to documents filed this week on the accounting firm’s website.Evergrande’s collapse was by far the biggest in a property crisis that dragged down China’s economic growth for years and led to a record spate of distress among developers. The company, which first defaulted in 2021, was once…

Dozens of senior officials and diplomats from across Asia, Africa and the Pacific will touch down in Brussels on Thursday, as the European Union tries to convince them it is a more reliable partner than the United States and China.More than 70 delegations will attend the bloc’s fourth Indo-Pacific forum, with more than 50 ministers or vice-ministers expected at talks on Friday, EU officials said. Crucially, neither Beijing or Washington are invited.“There was no invitation to special guests – this is only for our Indo-Pacific partners. It is an occasion to discuss with them in an open and frank way.…

China International Capital Corp (CICC) plans to absorb two smaller brokerages to create a new entity worth 1 trillion yuan (US$140 billion) in assets, as a state-led consolidation gathers pace to meet Beijing’s goal of creating investment banks that can compete with the likes of Goldman Sachs.CICC would take over Dongxing Securities and Cinda Securities through stock swaps with the shareholders of the two peers, it said in an exchange statement on Wednesday night, without giving details. Shares of the three companies will be suspended from trading on the Shanghai exchange for up to 25 days. The deal was pending…

China International Capital Corp (CICC) plans to absorb two smaller brokerages to create a new entity worth 1 trillion yuan (US$140 billion) in assets, as a state-led consolidation gathers pace to meet Beijing’s goal of creating investment banks that can compete with the likes of Goldman Sachs.CICC would take over Dongxing Securities and Cinda Securities through stock swaps with the shareholders of the two peers, it said in an exchange statement on Wednesday night, without giving details. Shares of the three companies will be suspended from trading on the Shanghai exchange for up to 25 days.The consolidation marks the latest…