Funding & Business
Hong Kong Allows Cheaper Home Purchases for Investment Visas
Hong Kong is lowering its threshold for home purchases by people applying for an investor visa to bolster the city’s property market.
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Oil traders are rushing to grab supertankers to haul crude on a key route from the Middle East to Asia, bolstering earnings to the highest level in two-and-a-half years as suppliers across the region jack up output.
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Wall Street traders are all but certain the Federal Reserve will cut interest rates by a quarter percentage point later today. They’re also fairly sure Chair Jerome Powell will signal further reductions aimed at supporting a saggy labor market.
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