The yawning gap between Hong Kong’s homebuying and rental markets is likely to narrow as residential prices begin to recover. Analysts including those at DBS Bank Ltd. expect interest-rate cuts to help revive home purchases. Bloomberg Intelligence sees Bloomberg Terminalprices rebounding from an eight-year low after the government eased mortgage borrowing rules. Source link
Two current and two former senior executives at AstraZeneca Plc are under investigation in China in an ongoing probe into alleged breaches of laws around drug importations and data privacy, the company said. This is in addition to Leon Wang, the British drugmaker’s China president, who remains in detention, a company spokesman at Astra told…
No billionaire did more to help Donald Trump win the US presidential election than Elon Musk. The Tesla Inc. and SpaceX boss will now find out whether it pays off or he ends up getting burned. Musk, whose growing political apparatus has already proved its mettle, will gain more than just an ally in the…
China’s top coal producers are accelerating a move into power generation as fuel prices drop and electrification takes center stage in China’s low-carbon transition. Profits this year at miners such as China Shenhua Energy Co., the country’s biggest producer, and China Coal Energy Co., have come under pressure as the market has weakened. Nationwide mining…
China is urging the Czech government to play an active role in helping resolve the trade dispute with the European Union over electric vehicles, according to a statement posted on the Ministry of Commerce’s website on Sunday. The EU last week decided to impose tariffs of up to 45% on electric vehicles from China, a…
Berkshire Hathaway Inc.’s cash pile reached $325.2 billion in the third quarter, a record for the conglomerate, as Warren Buffett continued to refrain from major acquisitions while trimming some of his most significant equity stakes. Berkshire once again cut its holdings in Apple Inc., the Omaha, Nebraska-based company said Saturday in a statement. Its stake…
China’s top solar manufacturers posted big losses in the third quarter as severe overcapacity and price wars continue to hurt the companies producing equipment critical to global energy transition. Leading panel-maker Longi Green Energy Technology Co. chalked up its fourth straight quarterly net loss of 1.26 billion yuan ($177 million), after recording a profit of…
When Meg Whitman was living in California and running first eBay Inc. and then HP Inc., the idea that Africa had some role to play in her businesses rarely crossed her mind. “I literally thought about Africa 1% of my time,” she says. Such inattention is common at US tech companies, which generally decided that…
Israel’s assaultBloomberg Terminal on Iran early Saturday, coordinated with Washington and limited to missile and air defense sites, was more restrained than many expected and may help diplomatic efforts to return hostages and limit the combat in both Lebanon and Gaza. Israel held off until US Secretary of State Antony Blinken returned to Washington from…
A mansion in Hong Kong has been sold for HK$845 million ($109 million), as the luxury property sector picks up on lower interest rates and government measures. House 2 at 15 Shouson Hill was sold on Thursday, according to transaction records. Preliminary deposit equal to 10% of the purchase price was paid upon signing the…