Bloomberg Currency intervention is becoming a daily necessity for Hong Kong as the local dollar continues to trade at the weak end of its trading band. The Hong Kong Monetary Authority spent HK$5.99 billion ($763 million) buying local dollars as the weekend began, bringing its purchases over the past week to HK$19 billion. Lower interest rates relative to the greenback ...

Bloomberg China is planning to scrap all limits on the number of children a family can have, according to people familiar with the matter, in what would be a historic end to a policy that spurred countless human-rights abuses and left the world’s second-largest economy short of workers. The State Council, China’s cabinet, has commissioned research on the repercussions of ...

Bloomberg Three days after agreeing to sell off the last of its Hilton stake, Blackstone is buying another hotel company. Blackstone Group LP has agreed to acquire luxury hotel owner LaSalle Hotel Properties, according to people with knowledge of the matter. The all-cash transaction values LaSalle at $33.50 a share, or $4.8 billion including debt, said the people, who asked ...