Bloomberg Hong Kong’s retail sales posted another double-digit decline in November as visitor arrivals to the financial centre plunged. Retail sales by value retreated 23.6% in the month from a year earlier, extending the run of declines to ten months. The decline in November was slightly better than economists’ expectation and the record contraction in October. By volume, sales contracted ...

Bloomberg Amazon.com Inc is considering opening offline retail stores in Germany, newspaper Die Welt reported, citing an interview with Ralf Kleber, head of the company’s operations in the country. Kleber didn’t specify the timing of the plan. Amazon already operates offline stores in the US and the UK, including Amazon Go supermarkets and the Whole Foods Market chain. It has ...

Bloomberg Elon Musk’s decision to assemble Tesla Inc cars in China required years of planning and billions of dollars in spending. Now comes the challenging part. The electric Model 3 sedans rolling off the assembly line at Tesla’s Shanghai plant — its first outside the US — face a market where total vehicle sales are expected to fall for a ...

Bloomberg Cellnex Telecom SA, the Spanish tower operator that has announced about 7 billion euros ($7.8 billion) of acquisitions since going public in 2015, is making its first deal of the year with the purchase of assets in Portugal. Cellnex, based in Barcelona, will acquire all of the towers held in a joint venture between Altice Europe NV, Morgan Stanley ...

Bloomberg Manhattan home sales slipped 1.2% in the fourth quarter — and that’s the best news for the market in two years. It was the smallest year-over-year decline in deals since buyers started retreating in 2017, according to a report by appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate. While home-shoppers are still wary of overpaying in a ...

Bloomberg HP Inc was awarded $439 million in damages against Quanta Storage Inc and its US subsidiary after a federal judge tripled a jury’s 2019 award for damages caused by a widespread scheme to inflate the price of optical disk drives. In October, a Houston jury ordered Quanta to pay HP $176 million in damages. US District Judge David Hittner ...

Bloomberg Samsung Electronics Co said it will introduce new products at an event in San Francisco next month. The launch of “new, innovative devices that will shape the next decade of mobile experiences” will take place on February 11 at 11 am local time, the South Korean company said. In a teaser, it showed a rectangle and a square, a ...

Bloomberg Pinterest Inc has shed more than a quarter of its market value since the end of October, falling below its April initial public offering price. Yet many market watchers still think the social-media company has the right formula to boost advertising revenue and win over investors. Almost half of Wall Street analysts tracked by Bloomberg recommend buying the stock ...

Large tracts of the Australian continent are ablaze. Beyond the toll in lives and property, the most remarkable thing about this bushfire season is that people can see it, taste it and feel it. While fires have long been a product of the country’s hot, dry climate, they remained a remote idea for most Australians — something you caught for ...

It’s that time of year at the Federal Reserve, when the voting members that comprise the Federal Open Market Committee undergo their annual rotation. Don’t, however, expect to see any changes in policy this year now that the more hawkish central bankers have come to terms with last year’s dovish pivot. For 2020, the Fed anticipates holding policy rates steady ...