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India gold imports collapsed last year

Bloomberg Gold imports by India tumbled by a fifth last year as high domestic prices deterred buyers in the second-biggest consuming nation and local stores remained well-stocked, highlighting a headwind to global demand even as bullion in dollars gains on renewed haven buying. Overseas purchases fell to 762 metric tons in 2018, a 20 percent slump from the previous year, ...

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Xiaomi shares to be unlocked for sale

Bloomberg Many Xiaomi Corp investors, who could only watch as the stock shed $14 billion in market value, will now be able to join in on the selling. Expiring on Wednesday is the six-month lockup period that followed the company’s Hong Kong debut, during which some employees and cornerstone investors were banned from disposing of their allocated shares. It’s been ...

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Malaysia probing if China offered to bail out 1MDB

Bloomberg Malaysia is looking into allegations that China offered to help deter probes into 1MDB in exchange for infrastructure projects, after the Wall Street Journal reported that senior Chinese leaders offered to help bail out the troubled state fund in 2016. The government is unaware of the discussions detailed in the Journal report, which cited minutes from meetings the newspaper ...

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