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Hong Kong, Singapore set new date for travel bubble

Bloomberg A quarantine-free air travel bubble between Hong Kong and Singapore is finally slated to get off the ground with a start date of May 26, following setbacks that led to the plan initially being shelved last November. Largely shut off from the rest of the world during the pandemic, the two sides have been in talks for months to ...

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India’s growth forecast in peril over second wave

Bloomberg Just two weeks ago, the International Monetary Fund (IMF) upgraded India’s economic growth forecast to 12.5% — the quickest rate among major economies. Now, as Covid-19 cases surge the most globally, that bullish view is looking increasingly in doubt. In Delhi, India’s political capital, the streets are mostly empty and the markets nearly deserted with almost all shops closed ...

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China’s CICC fends off Wall Street with hiring, takeovers

Bloomberg As global banks make inroads into China’s $15 trillion asset management market, China International Capital Corp is launching a counter-offensive spanning from overseas acquisitions to hiring. CICC is searching for potential targets among medium-sized, Asia-focused managers including stock houses and hedge funds, said Frank Xu, head of asset management. Without takeovers, the size of his business line is already ...

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