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HK stocks match longest losing streak since 1997

Bloomberg Hong Kong equities are rapidly turning into a losing bet as economic woes and escalating street protests hammer sentiment. The MSCI Hong Kong Index closed down 3.2 percent on Monday in a ninth day of declines, matching the longest streak since the 1997 handover. Landlords and retail stocks once again bore the brunt of the selling as protesters sought ...

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RBA keeps rate-cut on cards to shield Aussie from global easing

Bloomberg Australia’s central bank (RBA) chief Philip Lowe is leaving open the door to further interest-rate cuts in order to prevent a wave of global easing from neutralizing his back-to-back reductions and boosting the currency. The Reserve Bank is set to keep the cash rate at a record-low 1% on Tuesday, traders and economists predict, following June and July’s cuts. ...

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HSBC ousts Flint, announces new round of job cuts

Bloomberg HSBC Holdings Plc abruptly ousted its chief executive officer after just 18 months, citing an “increasingly complex” environment, and announced a new round of job cuts. The exit of John Flint, a 51-year-old who started at HSBC as a trainee, highlights tension with Chairman Mark Tucker, known to be a hard-charging executive who was the first outsider to fill ...

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