BLOOMBERG  Bank of America Corp (BofA) plans to ask about 40 bankers in Asia to look for jobs in other divisions as it looks to manage the industry-wide decline in dealmaking while trying to avoid headcount reduction. About half of these client-facing roles are based out of Hong Kong with a focus on China, and the majority of the affected …

BLOOMBERG India has reclaimed its spot as the world’s fifth largest stock market after losing that status to France in January, as foreign investors snap up the Asian nation’s shares. India’s market capitalisation stood at $3.3 trillion, helped also by a rebound in Adani Group’s stocks after a short seller report earlier in the year sparked a heavy selloff. Meanwhile, …

BLOOMBERG A gauge of Chinese shares traded in Hong Kong inched closer to a bear market as a wobbling economic recovery, intensifying geopolitical tensions and a weaker yuan kept investors away. The Hang Seng China Enterprises Index (HSCEI) slumped 1.3% on Monday, taking its losses from a January 27 peak to a whisker away from reaching 20%. Meituan was the …