Bloomberg Residents of Hong Kong reacted swiftly to news China will no longer subject inbound travellers to quarantine as of early next year, flooding the internet to search for flights to key mainland cities. Outbound searches for flights from Hong Kong to the mainland on Trip.com and Ctrip, the two sub-brands of Trip.com Group Ltd, jumped around 521% on …

  Bloomberg The US merchandise-trade deficit narrowed in November to the smallest since December 2020 due to a plunge in imports. The shortfall decreased 15.6% — the most since 2009 — to $83.3 billion last month, Commerce Department data showed on Tuesday. The figures, which aren’t adjusted for inflation, compared with a median estimate for a gap of $96.3 billion …

Bloomberg Soaring heating and electricity bills are pushing Europeans to find hacks that will cut their energy use and reduce costs. Mats Johansson installed 30 solar panels with a production capacity of 13.5 kilowatts on his house in Halmstad, southwest Sweden earlier this year. The nation has some of the highest rates of energy consumption per capita in Europe — …

  Bloomberg South Africa passed 200 days of power cuts in 2022 on Tuesday, with more to come. Eskom Holdings SOC Ltd. said it will ramp up power cuts from so-called stage-1 load shedding, where it removes around 1,000 megawatts from the grid, to stage 3 from 4 pm local time until 5 am for the rest of the week. …

  Bloomberg Top executives at Japan’s biggest banks are expecting negative interest rates to linger and see little immediate earnings boost after a surprise move by the nation’s central bank pushed lenders’ shares up by 13% last week. Earnings won’t enjoy a meaningful lift unless the Bank of Japan (BOJ) scraps negative interest, according to three senior executives, who asked …

  Bloomberg Jason Moo, who spent more than two decades at Goldman Sachs Group Inc, will become the new chief at the private banking unit of Oversea-Chinese Banking Corp (OCBC), according to a person with knowledge of the matter. Moo, a Singaporean, will start at Bank of Singapore next year, said the person, who declined to be identified discussing confidential …

  Bloomberg A decline in core inflation pressures is critical for moderating price gains and returning them to the Reserve Bank of India’s (RBI) 4% midpoint, said a rate-setter at India’s monetary policy panel. The pass through of higher input cost pressures in overall prices may not be complete yet, said Shashanka Bhide, an external member, adding that rising demand …

  Bloomberg The euro area faces a “very difficult economic situation” that will test individuals and businesses, European Central Bank (ECB) Vice President Luis de Guindos said. “The high inflation rates that we are seeing across Europe are coinciding with an economic slowdown and low growth,” he told the Spanish Confederation of Young Entrepreneurs’ Associations in an interview published on …

Bloomberg While declines in chip and Internet giants have put South Korean equities on course for their worst year since the global financial crisis, investors found winners in the electric-vehicle supply chain and defense sector. The benchmark Kospi is down about 22% in 2022, headed for its largest loss since 2008. The biggest drags include a 26% decline in Samsung …

  Bloomberg Equities climbed on Tuesday while the dollar declined amid positive sentiment from China’s rollback of Covid isolation measures and the cooling of a key inflation gauge in the US. Chinese, Japanese and South Korean shares rose, with travel and consumer goods stocks higher in Tokyo and Seoul after China moved to end quarantine for inbound visitors. Futures contracts …