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Shimao Group’s Hong Kong Airport Hotel Faces Bank Seizure, June 08
Shimao Group’s 1,200-room Sheraton hotel near Hong Kong Airport faces bank seizure after defaulting on a HK$4.5 billion loan.
China’s 100 Billion Yuan Stimulus Drives Lending Surge, June 08
China’s 100 billion yuan stimulus drives 8.8 trillion yuan in new lending, targeting small businesses, equipment upgrades, and consumer services.
Hong Kong Banks Raise Fixed Deposit Rates to 2.88%, June 07
OCBC and Standard Chartered raise Hong Kong fixed deposit rates to 2.88% with cash rebates. Savers earn higher yields as banks compete for deposits.
Elon Musk Set to Become First Trillionaire on June 12, 2026
Elon Musk projected to become first trillionaire when SpaceX IPO reaches $1.77 trillion valuation, combining Tesla and SpaceX holdings.
Social Security 2027 COLA Forecast Rises to 3.9%, June 07
Social Security 2027 COLA forecast reaches 3.9% due to rising inflation, potentially increasing average retiree benefits by $81 monthly.
India Bank Holidays June 8-14: SBI, HDFC, ICICI Closures Listed
RBI bank holidays June 8-14, 2026. SBI, HDFC, ICICI and other banks closed on specific dates. Check state-wise closures and plan your banking.
30-Year Mortgage Rate Hits 6.48% on June 06, Fed Has Limited Control
30-year mortgage rates average 6.48% on June 6, 2026. Bond markets and inflation expectations, not the Federal Reserve, drive mortgage costs.
Canada’s OAS Payments Rise 1.2% in July 2026, Boosting Senior Incomes
Canadian seniors receive 1.2% higher Old Age Security payments from July 2026, with maximum monthly amounts of $751 (ages 65-74) and $827 (75+).
KPMG UK Scraps Summer Friday Early Finish, June 06
KPMG UK ends summer Friday early finish policy, reversing a Covid-era workplace perk as firm reviews business needs.