Bloomberg Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals, according to data compiled by Bloomberg. That’s equal to more than three quarters of the territory’s monetary base. The most popular was China Literature Ltd., a local ...

Bloomberg Reliance Communications (RCom) Ltd., the Indian mobile phone operator that defaulted on dollar bonds in the highest-profile debt failure since the country’s new bankruptcy code was passed, faces risks of insolvency if it can’t sell its assets at high enough valuations, according to SC Lowy Financial HK Ltd. “We think the valuations they have provided are optimistic,” said Mihir ...

Bloomberg Philippine President Rodrigo Duterte has invited Chinese companies to take a role in the country’s wireless communications industry to add a third carrier to compete with PLDT Inc. and Globe Telecom Inc. Duterte offered China the right to operate in the Philippines during his bilateral talks with Chinese Premier Li Keqiang, Duterte spokesman Harry Roque told reporters in Manila ...