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Bharti Airtel delays IPO of its $8bn Africa business by half a year

Bloomberg Bharti Airtel Ltd., India’s second-biggest wireless carrier, is delaying a planned initial public offering of its Africa unit due to the turmoil in emerging-market stocks, people with knowledge of the matter said. The company, which was originally aiming to list the unit in London by March, has pushed back the share sale by about half a year, according to ...

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Philippines evacuates people as Typhoon Yutu approaches

Bloomberg Philippine authorities started to move people to safer grounds as Typhoon Yutu approaches, tracking a path similar to last month’s storm that devastated rice-producing provinces in the main island of Luzon. Yutu, which last week became the strongest storm since 1950 to hit the US territories in the Northern Mariana Islands, is now the equivalent of a Category 2 ...

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Hong Kong’s new-home sales tumble

Bloomberg Hong Kong’s new-home sales cooled, another sign of weakness in a property market that may be at risk of a correction. The transaction value so far in October is HK$11.2 billion ($1.4 billion), the lowest level in 16 months once holiday distortions are excluded. The number of transactions stood at 1,130, down by almost half from the total for ...

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