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Alibaba targets Nov window for $10b listing

Bloomberg Alibaba Group Holding Ltd is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts, people familiar with the matter say. China’s largest company is weighing its options for the city’s biggest first-time sale of stock since 2010, but the window for pulling off ...

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Malaysia-Singapore rail project revived

Bloomberg Malaysia is proposing to resume a rail project connecting its southern state of Johor to Singapore at a lower cost. The government is seeking to downsize the price tag by 36% to 3.16 billion ringgit ($756 million) with changes to the structure and scope of the project, Prime Minister Mahathir Mohamad told reporters in Johor Bahru. Construction of the ...

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Protest-hit Hong Kong crashes into recession

Bloomberg Hong Kong’s economy contracted sharply in the third quarter as it entered a recession, exceeding economists’ worst estimates of the damage from nearly five months of protests. Third-quarter gross domestic product retreated 3.2% from the previous three months, after a 0.4% contraction in the second quarter. That’s the worst slump since 2009, in the aftermath of the global financial ...

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