Property 

Two Hong Kong banks cut their valuation of used homes as city’s civic unrest threatens to knock property bull run off its footing

Two of Hong Kong’s biggest commercial banks cut their valuation of pre-owned homes in several housing estates in anticipation of declining prices, after the city was rocked for the past month by record number of street protests.HSBC and Bank of China (Hong Kong), two of the city’s three currency printing banks, cut their valuations for used homes in the New Territories and Kowloon by up to 3.6 per cent, according to data on their websites.“Valuations have dropped as a result of the political … Source link

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Will trimmed subsidy roll back knock the wind out of Taiwan’s offshore turbine sector?

A retrospective reduction in subsidies for offshore wind power development by Taiwan could take the wind out of international developers’ sails, and erode some of the sector’s attractiveness relative to Japan, mainland China and South Korea as an investment destination. The Taiwan government had proposed an aggressive cutback in subsidies for offshore wind power projects in November 2018, after the ruling Democratic Progressive Party suffered a major election setback at the hands of the opposition Kuomintang Party, which has criticised offshore wind subsidies previously given as too generous. It initially…

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Why the US dollar still reigns supreme and how the renminbi can knock it off its throne

When you are on top of the world, there is only one place to go and that is down. Just how long the US dollar survives as the world’s No 1 currency is a matter of debate. Russia would love to see the dollar knocked off its throne, while Europe and China both believe their currencies can challenge the dollar’s hegemony in the long run. It will take more than bravado though. A strong economy, a plausible monetary policy and a rock-solid reputation as an ultra-safe money store are vital.…

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