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Hong Kong labour market weakens amid recession

Bloomberg After months of political protests and the onset of a recession, Hong Kong’s resilient labour market is starting to crack. Retailers, restaurants and hotels are cutting wages and hours or letting staff go just to survive. The city’s once record-low unemployment level is likely to accelerate its current rise if no solution to the five months of turmoil can ...

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Thai IPO fundraising to hit 4-year high

Bloomberg Thai companies are likely to raise the most money from initial public offerings in four years in 2019 as the formation of the nation’s first democratic government since the 2014 military coup has encouraged domestic firms to tap equity markets. Companies have raised 80 billion baht ($2.6 billion) this year on the Stock Exchange of Thailand and the Market ...

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Ford unveils all-electric SUV to take on Tesla dominance

Bloomberg Ford Motor Co is reinventing one of its marquee models — the Mustang muscle car — as a battery-powered crossover to become a player in the electric-vehicle market that is expected to take off in the coming decade. In a splashy ceremony ahead of the Los Angeles Auto Show, the carmaker unveiled the Mustang Mach-E, a swoopy hatchback with ...

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