The rate of the Hong Kong Dollar for One Month Rises to the Highest Since 2007
The cost for banks to borrow Hong Kong dollars from one another for a month increased to its highest level since 2007, as the city’s liquidity pool was reduced by protracted currency intervention and demand for cash increased as the quarter came to a close. The local currency’s one-month Hibor (Hong Kong interbank offered rate), […]
Contract to Support F-35 Aircraft Programme Won by Lockheed Martin
A contract for F-35 fighter aircraft upgrade was obtained by Lockheed Martin. The Naval Air Systems Command in Patuxent River, Maryland, has made the award available. Details of the Agreement – The $12.8 million contract is expected to be finished by June 2025. According to the agreement, Lockheed will arrange for the portable imaging device […]