Bloomberg November looks set to mark a watershed moment for Chinese assets, as visible policy shifts away from Covid Zero triggered massive gains. After being pressured under the weight of virus restrictions and a property crisis, markets surged amid hopes of an eventual reopening. Chinese stocks in Hong Kong are headed for their best month since 2003, while the …

  Bloomberg Taiwan dollar’s biggest rally in almost a quarter of a century is set to unwind as a looming global recession cuts into island’s technology exports. The currency, which has risen more than 4% this month to 30.90 per US dollar, will probably weaken to about 33 by the end of the first quarter, Mizuho Bank Ltd. and RBC …

  Bloomberg Oil tumbled to its lowest price in almost a year as a wave of unrest in China punished risk assets and clouded the outlook for energy demand, compounding the stresses in an already volatile crude market. West Texas Intermediate sinks towards $74 a barrel following three weeks of losses, while Brent traded at around $81. Protests over harsh …

Bloomberg Amazon.com Inc will wind down parts of its Indian operations, showing that even the crucial growth market with 1.4 billion consumers isn’t immune to Chief Executive Officer Andy Jassy’s cost-reduction campaign. The company said it is exiting meal deliveries as well as a service providing bulk doorstep deliveries of packaged consumer goods to small businesses. The exits will involve …

  Bloomberg British Airways PLC plans to double its operations at Gatwick Airport, rather than expand at Heathrow Airport Ltd, the Sunday Telegraph reported. The flag carrier intends to potentially double the number of aircraft based at the Sussex airport, going to between 24 and 28 planes from 14 currently, the paper said. The move comes after Heathrow was forced …

  Bloomberg IndiGo is planning to fly another airline’s Boeing Co larger jets as it tries to plug capacity gaps amid a surge in travel demand. India’s biggest airline said in a statement on Monday that it is working on finalising a contract for inducting Boeing 777 aircraft on a so-called wet lease basis for the winter schedule. Wet leasing …

  Bloomberg Australian retail sales declined for the first time this year in October, suggesting that households are finally beginning to feel the strain of faster inflation and rising interest rates. Sales dropped 0.2% from September, confounding economists’ estimates for a 0.5% gain, Australian Bureau of Statistics (ABS) data showed on Monday. No one predicted a decline, with Commonwealth Bank …

  Bloomberg EasyJet Plc and Rolls-Royce Holdings Plc said they successfully tested a converted jet engine running on hydrogen for the first time, as the aviation industry takes steps to move to alternative fuels and reduce green-house emissions. The test was conducted with a converted Rolls-Royce AE 2100-A regional jet engine using hydrogen created by wind and tidal power, EasyJet said. …

  Bloomberg South Korea is continuing with efforts to ease strains in its credit market, with local financial firms making a second round of contribution to a key bond stabilisation fund redeployed in October. The companies will inject an additional 5 trillion won ($3.7 billion) into the fund between December and January, according to the Finance Ministry. The Bank of …

  Bloomberg New Zealand’s central bank has been surprised by the strength of inflation, which has boosted price expectations and required a more aggressive interest-rate response, Assistant Governor Karen Silk said. “What we have seen is actual inflation continue to surprise on the upside, but more importantly inflation expectations have moved higher as well,” Silk said in an interview with …