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Hong Kong’s Bexcellent soars 22% in debut

Bloomberg Bexcellent Group Holdings Ltd., whose top tutor earns more than HK$40 million ($5.1 million) a year, surged as much as 34 percent on the first day of trading in Hong Kong. The provider of tutoring services to Hong Kong secondary school students was so popular that individual investors placed orders for about 289 times the stock initially available to ...

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China trade surplus with US hits record high

Bloomberg China’s monthly trade surplus with the US rose to a record in June and exports to the nation also soared, underlining the cause of an escalating trade war between the world’s two largest economies. The trade surplus with the US was $28.97 billion, the highest in any month in data back to 1999. Exports climbed to $42.62 billion, also ...

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Art Basel owner chases Asia’s rich with new Singapore fair

Bloomberg MCH Group AG, the owner of Art Basel, is launching a new art fair in Singapore starting next year to take advantage of the growing wealth in Asia, which is minting millionaires faster than any other region in the world. The new expo, called ART SG, will hold its inaugural event in November 2019 with about 80 galleries from ...

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