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Alibaba’s $20 billion share sale to pressure Hong Kong liquidity

Bloomberg A planned $20 billion offering by Alibaba Group Holding Ltd would likely squeeze liquidity in Hong Kong, pushing up borrowing rates in the city and strengthening the local dollar. China’s largest company is considering a second listing in Hong Kong, people familiar with the matter said, potentially rivaling AIA Group Ltd’s initial public offering in 2010 as the city’s ...

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Hong Kong’s property shows signs of bubble

Bloomberg Noted economist and Harvard professor Carmen Reinhart has become the latest person to sound the alarm about Hong Kong, saying the city’s property market is showing signs of a bubble. “There are elements in the Hong Kong picture that are very reminiscent of Ireland, Spain, Iceland” before their crises, she told the Nomura Investment Forum Asia 2019 in Singapore. ...

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Chocolate demand outpaces cocoa supply in Asia

Bloomberg Demand from Asia’s growing legions of chocoholics has outpaced the ability of local farmers to supply cocoa beans, prompting a surge of shipments into the region from Africa and South America. Indonesia, the top producer and processor in the area, imported about 240,000 metric tons of beans last year, a record, and may buy more in 2019, said Piter ...

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