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Economy to slow in 2019: Hong Kong

Bloomberg Hong Kong’s government maintained its forecast for gross domestic product growth this year at between 2 percent and 3 percent, as the city grapples with the fallout from the trade war between the US and China. In a release revising up first quarter GDP growth to 0.6 percent from a year ago, the government said the outlook is currently ...

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Singapore’s BandLab to buy magazines from TI

Bloomberg BandLab Technologies, a Singapore-based social music platform, has agreed to acquire British music magazines NME and Uncut from TI Media for an undisclosed amount to expand its global music media business. NME, which started as a British weekly in 1952, has evolved into a digital brand. The deal, which includes the brands’ social, digital and print assets, is expected ...

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Trump lifts steel, aluminum tariffs on Canada, Mexico

Bloomberg President Donald Trump said the US will lift steel and aluminum tariffs on Canada and Mexico, boosting efforts to encourage lawmakers to ratify a new North American trade deal. “I’m pleased to announce that we’ve just reached an agreement with Canada and Mexico and will be selling our product into those countries without the imposition of tariffs or major ...

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