Bloomberg Hong Kong will avoid the kind of property market crash that followed previous economic slumps in the finance hub, according to Financial Secretary Paul Chan. “We do not see the risk of an off-the-grid type of downfall,” Chan said in an interview on Monday with Bloomberg Television’s Yvonne Man. As Hong Kong’s economy reels from the coronavirus outbreak that ...

Bloomberg Masayoshi Son’s pitch to US hedge funds and financial institutions on the merits of SoftBank Group Corp just got harder, with a record market plunge that has made investors skittish and raised risks for its portfolio companies. The Japanese billionaire will be in New York for the first such meeting since the implosion of WeWork. In the months since, ...

Bloomberg Lenders have accused a Singapore commodities firm of fraud after a debt default left them facing potential losses on $600 million of liabilities. ING Bank NV alleged that Agritrade International Pte, its chief executive officer Ng Xinwei and his father Ng Say Peck misrepresented the company’s financial position to various bank lenders, in a filing to a Singapore court. ...