Pity the poor saps who piled into shares of Alibaba Group Holding Ltd when it was a $750 billion behemoth and the sky still appeared to be the limit. That includes a lot of retirement savers in Hong Kong, who became involuntary investors last year when the company was added to the city’s benchmark Hang Seng Index. By any yardstick, ...

For the past decade, political, economic and cultural ties between China and Taiwan have withered under the strain of an increasingly assertive Beijing and a Taipei that refuses to bend under its will. Yet one part of the relationship has held together well: The pragmatic businesspeople on both sides toiling behind the scenes to help each other make money while ...

Bloomberg Latam Airlines Group SA has reached a deal with key stakeholders that paves the way for the Chilean carrier to slash debt and exit bankruptcy under new ownership. Latin America’s largest airline plans to raise around $5 billion by issuing shares and convertible notes to current stockholders and creditors as it exits Chapter 11 bankruptcy, according to court papers. ...

Bloomberg Hondurans are voting on Sunday in presidential elections that may oust the scandal-hit ruling party and end the nation’s alliance with Taiwan. Xiomara Castro, the wife of a former president deposed in a coup, is leading in polls as she tries to end 12 years of rule by the conservative National Party. She spooked some investors by saying that ...

Bloomberg The UK and European Union (EU) will keep talking about the future of Northern Ireland next week, as negotiations over changes to the post-Brexit settlement drag on. “We would still like to find a negotiated solution,” Britain’s Brexit Minister David Frost said in a tweet following his latest weekly meeting with European Commission Vice-President Maros Sefcovic, after another round ...

Bloomberg Indian Prime Minister Narendra Modi’s surprise decision to scrap three contentious farm laws may not be enough to stem a yearlong protest movement by farmers, with the two sides yet to close the gap on another crucial issue — guaranteed prices for crops. The protesters postponed their planned march to the capital New Delhi, after the government assured the ...

Bloomberg Burkina Faso protest movements vowed to maintain their demands for President Roch Marc Christian Kabore to step down after police fired teargas to disperse a rally on Saturday. Protesters gathered near the Place de la Nation in the centre of the capital, Ouagadougou, to call for Kabore’s departure, and for French troops to leave the country. France has about ...

Bloomberg Euro-area business activity unexpectedly quickened, though the region’s recovery faces headwinds from a fresh wave of Covid-19 infections and “record inflationary pressures.” IHS Markit’s composite Purchasing Managers’ Index rises to 55.8 in November from 54.2 in October, according to a survey of purchasing managers by IHS Markit published. While that defies the median estimate in a survey of analysts ...

Bloomberg California’s ports of Los Angeles and Long Beach delayed charging fines on containers that sit on the docks for too long for a second time this month, arguing the threat alone is helping clear lingering boxes from space-constrained terminals. The plan to charge carriers at least $100 daily for each container waiting nine days or more for trucks to ...

Bloomberg Poland will temporarily cut taxes on household energy bills in a bid to help the central bank stem surging inflation that has become a major concern for the nationalist ruling party’s electorate. The government rolled out a 10-billion-zloty ($2.4 billion) plan to lower the value-added tax on electricity and gas for three months from January. It will also reduce ...