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US warns citizens against HK travel over security law

Bloomberg The US State Department updated its travel advisory on Hong Kong based on China’s implementation of a national security law widely seen as eroding freedom in the once-autonomous city. “Since the imposition of national security legislation on July 1, the PRC unilaterally and arbitrarily exercises policy and security power in Hong Kong,” the State Department said on its website, ...

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RBA sees Aussie dollar fairly valued, would prefer it lower

Bloomberg Australia’s central bank said the appreciation of the currency was consistent with higher commodity prices — particularly iron ore — while providing no indication that additional monetary measures are imminent. “While members noted that the Australian dollar was broadly aligned with its fundamental determinants, a lower exchange rate would provide more assistance to the Australian economy in its recovery,” ...

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Nigeria to regulate crypto-currencies to protect investors

Bloomberg Nigeria’s Securities and Exchange Commission (SEC) said it will regulate trade in digital currencies to provide protection for investors and to ensure that transactions are transparent. “The general objective of regulation is not to hinder technology or stifle innovation, but to create standards that encourage ethical practices,” the Abuja-based regulator said in an emailed statement. The agency said it’s ...

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