Bloomberg Hong Kong’s underperforming stocks will likely rebound in 2022, with a border reopening with mainland China to benefit gaming and retail shares while rising yields hold banks up, according to UBS Group AG. The city’s benchmark Hang Seng Index may gain as much as 13% next year, analysts led by Angus Chan wrote in a note, targeting a level ...

Bloomberg China’s central bank has signalled a limit to its tolerance for the yuan’s recent advance by setting its reference rate at a weaker-than-expected level. The gap between the daily fixing set by the People’s Bank of China (PBOC) and the forecast in a Bloomberg survey of analysts and traders was the largest since mid-October. That was when yuan gains ...

Bloomberg Nu Holdings Ltd, the Brazilian digital bank whose backers include Warren Buffett’s Berkshire Hathaway Inc, raised $2.6 billion in a US initial public offering priced at the top of a marketed range it had earlier lowered. The company, which does business as Nubank, sold 289 million shares for $9 each after offering them for $8 to $9, according to ...