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China to stop individual travel to HK to contain virus spread

Bloomberg Governments, companies and international health organisations rushed to contain a Sars-like coronavirus that has claimed more than 100 lives, with Hong Kong the latest to announce travel restrictions on people moving in and out of the mainland. Hong Kong will close some border checkpoints and restrict flights and train services from the mainland, Chief Executive Carrie Lam said on ...

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Beijing buys Australian and Canadian wheat as US waits for its turn

Bloomberg China has purchased Australian, Canadian and French wheat as Beijing looks to fill import quotas set by the World Trade Organization (WTO), according to people familiar with the matter. In the past two months, China bought about 1 million metric tons of wheat from the three countries, said the people, who asked not to be identified because the transactions ...

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Indonesia plans to rescue scandal-hit insurer

Bloomberg Indonesian authorities are weighing the induction of a strategic investor into a unit of the nation’s oldest insurer that’s on the brink of collapse after alleged fund mismanagement left a $2 billion hole in its books. PT Asuransi Jiwasraya has submitted a restructuring proposal to the Financial Services Authority (FSA) that includes the stake sale in unit PT Jiwasraya ...

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