Bloomberg Hong Kong’s banks, blindsided by rising funding costs due to the city’s costly defense of its currency peg, are clamping down on popular fixed-rate mortgages. Bank of East Asia Ltd. is no longer accepting applications for these home loans “due to recent movements in interest rates,” the lender said in an emailed reply, more than two months before it ...

Bloomberg India’s ambition to build up its defense industry through a $250 billion program has sent shares of a state-owned metalmaker rocketing just days after a lukewarm trading debut. Mishra Dhatu Nigam Ltd., which makes specialty steel and is the country’s only producer of titanium alloys used in aerospace, has seen its market value surge 88 percent to 32 billion ...

Bloomberg Chinese online healthcare platform Ping An Good Doctor, a unit of the country’s biggest insurer by market value, will start taking investors’ orders for a Hong Kong initial public offering that could raise as much as HK$8.8 billion ($1.1 billion). The Ping An Insurance (Group) Co. subsidiary is offering about 160 million shares at HK$50.80 to HK$54.80 apiece, according ...