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Bloomberg After a dismal first six months, things are finally looking up for initial public offerings in Hong Kong as several large Chinese firms line up to list in Asia’s financial hub in the second half. Battery materials producer Tianqi Lithium Corp just opened its books for what is set to be the city’s first billion-dollar deal this year while ...

  Bloomberg Advanced Info Service Pcl, Thailand’s biggest mobile phone operator, plans to expand its network by acquiring Triple T Broadband Pcl and an infrastructure fund for a total of 32.4 billion baht ($908 million). The Bangkok-based company will buy internet provider Triple T from Jasmine International Pcl for 19.5 billion baht, Chief Financial Officer Tee Seeumpornroj said. It will ...

  Bloomberg China’s Silk Road Fund signed a deal with Indonesia’s wealth fund to make joint investments that strengthen economic links between the two countries. China’s state-owned investment fund plans to invest up to 20 billion yuan ($3 billion) or the equivalent amount under the framework agreement, said President Yanzhi Wang in a joint statement. The Indonesia Investment Authority, or ...

  Bloomberg Bankrupt Sri Lanka is offering a guaranteed fuel quota to any company that can pay in dollars. Potential purchasers must pay as much as a month in advance to open a consumer account at state-run Ceylon Petroleum Corp, Energy Minister Kanchana Wijesekera tweeted. Fuel will be issued on a daily or weekly basis from July 12, according to ...

  Bloomberg Indonesia will ask people to show proof of a third Covid-19 vaccine shot to access crowded areas as the government banks on inoculation to manage an increase in cases. The government seeks to encourage people to get their booster shots, said Health Minister Budi Gunadi Sadikin in a briefing. Previously, limiting entry to shopping malls and public areas ...

Bloomberg China’s household spending may rebound in the second half of 2022, increasing 4.5% from a year earlier as Covid restrictions ease and the economy begins to recover, according to Goldman Sachs Group Inc economists. That expansion would follow a gloomy second quarter, with Goldman forecasting spending in the April-to-June period likely contracted 1.5%, largely because of slower growth in ...

Bloomberg The poorest families in the UK were left “brutally exposed” to the cost of living crunch after almost two decades of income stagnation, the Resolution Foundation warned. In a report, the think tank said too many families faced the current crisis already struggling with low incomes, scant savings and ungenerous welfare support. Adjusted for inflation, the disposable income of ...

  Bloomberg Germany reported its first monthly trade deficit in three decades, as companies faced surging costs for imports and softer demand for their products amid a darker economic outlook. The shortfall in May for Europe’s biggest economy was 1 billion euros ($1 billion), a gap not seen since 1991. Cross-border sales unexpectedly falls by 0.5%, while imports rise 2.7%, ...

  Bloomberg Inflation in Switzerland accelerated to the fastest pace in nearly three decades, hitting 3.4% in June. The pace is up from 2.9% in May, and well above the Swiss National Bank’s 2% target. Based on the European Union-harmonised measure, it was at 3.2%, compared with 8.6% in the surrounding euro area. Russia’s war with Ukraine has been a ...

Bloomberg Tesla Inc may have to raise wages in Germany if it wants to achieve its goal of hiring thousands of additional workers for its factory near Berlin, according to the country’s leading automotive labour union. IG Metall is getting reports from Tesla staff at the Gruenheide site who are complaining about inadequate or unequal wages, the union said. Skilled ...