Hong Kong dollar funding cost drops in FX intervention aftermath

Hong Kong dollar funding cost drops in FX intervention aftermath

Hibor extended its drop as it fell below 1% on Tuesday (May 20) for the first time since 2022 Published Tue, May 20, 2025 · 03:23 PM [HONG KONG] Hong Kong’s key interbank borrowing cost slumped following foreign-exchange intervention by the city’s authorities, fuelling bearish bets against the local dollar. The one-month Hong Kong interbank…

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Female Arkansas Teacher and Church Volunteer Who Sexually Assaulted 15-Year-Old Church Member, Gets Probation After Pleading No Contest

Female Arkansas Teacher and Church Volunteer Who Sexually Assaulted 15-Year-Old Church Member, Gets Probation After Pleading No Contest

Reagan Danielle Gray, a former middle school teacher and Immanuel Baptist Church praise team member, pleaded no contest on Monday to second-degree sexual assault involving one of the congregation’s minors. Originally charged with first-degree sexual assault, she accepted a plea agreement reducing the count and dismissing a separate count of fourth-degree sexual assault. Gray Sentenced…

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Japan PM hits out at farm minister over free rice claim

Japan PM hits out at farm minister over free rice claim

[TOKYO] Japanese Prime Minister Shigeru Ishiba on Tuesday reprimanded the farm minister for claiming he never buys rice because he gets it free, provoking the ire of consumers facing soaring prices. Japan’s government has released some of its emergency stockpile of the grain in recent months, with agriculture minister Taku Eto weeks ago lamenting the “hardship”…

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China banks cut deposit rates to aid margins, drive spending

China banks cut deposit rates to aid margins, drive spending

MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend more amid a flagging economy. Lenders including the Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China and China Merchants Bank trimmed rates across maturities on Tuesday…

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