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Hong Kong Defends FX Peg for Fourth Time in Two Weeks

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Hong Kong authorities intervened for the fourth time in two weeks to prevent the city’s currency from weakening beyond its official trading band, after previous efforts failed to drain enough liquidity to push up funding costs.



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Funding & Business

Czechs Plan $14 Billion Deficit With Bigger Spending on Defense

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The Czech government is proposing to increase the state budget deficit next year as the fiscally-conservative administration plans to boost spending on defense and a major energy project.

The budget draft has a shortfall of 286 billion koruna ($13.7 billion), about 19% more than the limit approved for this year, the Finance Ministry in Prague said on Sunday. The first deficit increase after four years of austerity policies is a result of additional expenditure of 49 billion koruna on defense and preparations for the construction of two nuclear reactors.



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TPC Says Power Loss at Houston Plant Triggered Flares

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TPC Group says a loss of power at a Houston-area plant has caused flaring and has the potential for black smoke, according to a post sent via a regional emergency alert system.



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Funding & Business

Chicago Mayor on Trump's Immigration Crackdown Plan

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Chicago Mayor Brandon Johnson on signing executive order against Trump’s immigration crackdown plan. (Source: Bloomberg)



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