Hong Kong gets a boost as China’s offshore financial hub with new products and deeper yuan pool in expanded Connect program

Hong Kong on Monday added two new classes of financial products to its cross-border investment channel, Shanghai and Shenzhen, elevating the city’s status as mainland China’s offshore capital. The ETF Connect has officially launched, allowing global investors to tap into 83 exchange-traded funds (ETFs) in China – 53 in Shanghai, 30 in Shenzhen – through … Read more

Lockheed Martin, the world’s leading defense company, has dropped out of the Hypersonic Interceptor program race

The United States regards the hypersonic missiles of its adversaries China and Russia as one of its greatest security threats to the country. To combat the threat posed by these “undetectable” missiles, the US is working on a hypersonic intercept program. The US Missile Defense Agency (MDA) is working on a Glide Interceptor Program (GIP) … Read more

Lockheed Martin, the world’s leading defense company, has dropped out of the Hypersonic Interceptor program race

The United States regards the hypersonic missiles of its adversaries China and Russia as one of its greatest security threats to the country. To combat the threat posed by these “undetectable” missiles, the US is working on a hypersonic intercept program. The US Missile Defense Agency (MDA) is working on a Glide Interceptor Program (GIP) … Read more

Investors criticize federal pension savings program over new system

Placeholder when loading item promotions Three weeks after the retirement program for millions of federal employees switched to a new operating platform, lawmakers are demanding answers as investors report widespread problems. Complaints have flooded social media, and messages from investors have leaked into the offices of Congress unable to log into their accounts, long waits … Read more