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Chinese money flowing to Hong Kong stocks dries up

  Bloomberg Hong Kong’s stock market is suffering from a post-holiday hangover. The flood of Chinese money into the city before the mainland’s National Day celebrations in early October has slowed to a trickle since traders returned from the week-long break. Investors in Shanghai spent more than $8 billion on Hong Kong shares in September, the biggest monthly inflow through ...

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ANZ Bank to trim 30 jobs

  Bloomberg Australia & New Zealand Banking Group Ltd., Australia’s third-biggest bank by market value, is cutting about 30 jobs in its institutional banking unit. The affected positions are based in New York, London and Asia, and are mostly in customer relationship roles, ANZ Bank spokesman Stephen Ries said in an emailed statement. “We continue to reshape our network by ...

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Every international trade deal needs a referee

  While the economic arguments for freer trade are strong, many people remain skittish about proposed trade deals involving the U.S., Asia and Europe. In particular, critics are focusing on provisions of these deals that set up tribunals to rule on disputes between governments and companies. The critics charge that these Investor-State Dispute Settlement panels would have too much power ...

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