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Japan’s inflation goes negative again in Aug

Bloomberg Japan’s key inflation gauge went negative again last month, underscoring the challenge the Bank of Japan and new Prime Minister Yoshihide Suga face in trying to restore price momentum amid the pandemic. Consumer prices excluding fresh food fell 0.4% in August from a year earlier, going negative again after two months of staying unchanged, the ministry of internal affairs ...

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Hong Kong urged to boost stimulus on fiscal war chest

Bloomberg Hong Kong’s government is drawing fresh criticism from economists and business advocates who say a third round of virus relief stimulus doesn’t go far enough. While Chief Executive Carrie Lam’s latest spending plan will draw from the city’s fiscal reserve of HK$976.6 billion ($126 billion) in July, that cash pile is still seen by economists as large enough to ...

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Chinese HR company gets $5.3b takeover approach

Bloomberg 51job Inc received a takeover approach from DCP Capital Partners that values the Chinese human-resources company at $5.3 billion. DCP, an Asian private-equity firm, made a non-binding cash offer of $79.05 per common share in a letter to the company, 51job said. 51job said it hasn’t yet had a chance to carefully review and evaluate the offer. Founded in ...

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