Bloomberg If you’re a high-net-worth individual in Asia into fine dining, jewellery and luxury skin cream, best not to live in Shanghai. The Chinese city overtook Hong Kong as the most expensive for a basket of luxury goods and services on a price-weighted basis, according to Bank Julius Baer & Co.’s annual Wealth Report Asia, which tracks spending by the ...

Bloomberg Music-streaming service Spotify Technology SA saw its market value jump $779 million as China’s Tencent Music Entertainment Group kicked off its long-awaited US initial public offering. Spotify owns 8.9 percent of the company, whose largest shareholder is Tencent Holdings Ltd. with 59 percent, according to its IPO filing. Spotify closed up 3.2 percent to $140.68 a share on the ...

Bloomberg Less than a decade after the financial crisis nearly tore the euro area apart, a long-anticipated push to shore up the single currency finally started taking shape at a meeting of the bloc’s finance ministers, though it will likely underwhelm those calling for tighter integration. The compromise struck on Tuesday after almost 16 hours of talks in Brussels paves ...