Bloomberg India is gearing up for what could potentially be a slew of mega initial public offerings. PM Narendra Modi’s government surprised investors on February 1 by saying it will sell part of its stake in state-run behemoth Life Insurance Corp of India to meet its record asset-sale target. The jumbo sale could fetch the government between 850 billion rupees ...

Bloomberg Asian manufacturing gauges stumbled in January, suggesting the US-China trade agreement failed to spur sentiment for an industry now bracing for supply-chain disruptions and a blow to demand from the spread of the coronavirus. South Korea’s purchasing manager index — often viewed as a key barometer of global demand — fell to 49.8 from 50.1 in December. Malaysia’s reading ...

Bloomberg The hits just keep coming for Hong Kong. In 2019, there was the escalating US-China trade war, which squeezed exports. Then came violent protests beginning mid-year, with street-fighting between police and protesters driving away tourists and shoppers, hurting the services industries, and tipping the economy into its first contraction in a decade. Now, with advance figures on Monday confirming ...