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HK protesters adapt as security law stifles old tactics

Bloomberg Last summer Hong Kong’s protesters called for a revolution as they occupied the city’s international airport, marched in the millions and mocked Chinese President Xi Jinping as a “Game of Thrones” villain. This year’s different. A sweeping national security law imposed by China in June and Covid-19 restrictions have rendered the pro-democracy movement’s tactics illegal, from public gatherings to ...

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Indonesia holds rates steady to safeguard weak currency

Bloomberg Indonesia’s central bank left its key interest rate unchanged on Wednesday to shore up support for the sagging currency, and called for close coordination with government to revive Southeast Asia’s largest economy. After 100 basis points of easing so far this year, Bank Indonesia kept the seven-day reverse repurchase rate at 4% Wednesday, as expected by 20 of 25 ...

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BofA clients with $489 billion finally trust this bull market

Bloomberg It took unprecedented stimulus and a rally that’s pushed equities near record highs, but fund managers overseeing $489 billion finally believe that this stock market recovery has legs. Among investors surveyed by Bank of America Corp. (BofA) in the week through August 13, 46% described equities as being in a bull market, up from 40% in July. The share ...

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