Hong Kong targets bigger offshore yuan role, mainland links, in first 5-year plan

Shares of memory maker Sandisk (SNDK -14.14%) fell 10.8% on Friday, then another 11% on Monday, closing at $1,278.23. There was no company news behind either drop. Memory and artificial intelligence (AI) infrastructure stocks sold off as a group, and Sandisk, one of the biggest winners of the past year, fell harder than most. The…

Statement The Bank of England (Bank) co-operates with the Financial Conduct Authority (FCA) to supervise financial market infrastructure (FMI).  The framework for cooperation is set out in a memorandum of understanding (MoU)footnote [1]. This MoU facilitates effective supervision and policy making by exchanging information between the regulators and promotes efficiency by minimising duplication of regulatory activities regarding…

Prior was +98K (revised to 95K) Details: Goods -3K versus +2K last month Services +47K versus +96K last month Small business K vs +53K prior Medium businesses K vs +29K last month Large businesses K vs +25K last month Wages: Wages for job stayers 4.4% vs 4.4% last month Wages for job changers 7.0% vs…

Another cargo ship reportedly struck by the Houthis in the Red Sea !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Minutes Item 1 – Introduction The Chair opened the meeting, thanking members for sending across their wildlife nominations. The Chair provided an overview of the previous meeting including reiterating the Bank’s objectives for secure banknote design and reminding members about the suggested guidance discussed at the previous meeting. The Panel discussed the response to the…

Jackson Hole preview: Fed Chair Warsh likely to skip September and December rate signals !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}