A fixed income veteran has left BlackRock after almost 20 years to take up a position of global CIO for fixed income, responsible for managing $278 billion in fixed income assets.
Hong Kong kept its key interest rate unchanged for a sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, with sticky US inflation forcing investors to delay rate cut bets.
HSBC led Hong Kong's banks in keeping prime rates steady, following the lead of the city's monetary authority and offering a breather to businesses and mortgage borrowers as the economy struggles to crawl out of a stubborn slump. The city's biggest lender said in a statement at noon on Thursday that it will keep its prime rate unchanged at 5.875 per cent, while its deposit rate stays unchanged at 0.875 per cent per annum. Hong Kong's other lenders are expected to disclose their decisions later o