- Reuters
Hong Kong central bank keeps key rate unchanged, tracks Fed move
The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at 5.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady. The U.S. Federal Reserve held interest rates steady on Wednesday and signalled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could delay the rate cuts. "The high interest rate environment may last for some time," HKMA said in a statement, adding the Fed has not yet gained enough confidence about the U.S. inflation trajectory to start cutting interest rates.
- NBC Sports Bay Area
Nevin's homer extends hitting streak, A's lead
Tyler Nevin hits a home run to give the A's a 2-0 lead over the Pirates on Wednesday.Nevin's homer extends hitting streak, A's lead originally appeared on NBC Sports Bay Area
- Reuters
Road collapse in southern China kills 36, reports state media
The collapse, triggered by heavy rain, occurred at around 2:10 a.m. on Wednesday on the Meizhou-Dabu Expressway, Xinhua news agency reported, adding that the collapsed section was 17.9 meters in length and caused 23 vehicles to plunge. Meizhou is one of the areas in southern China's Guangdong that has been badly hit by heavy rain and hail since late April which set off dangerous mudslides, inundated homes and destroyed bridges.
