Bloomberg It may be time for equity investors to reassess their 5G investments in Asia as they look to win big from one of the market’s hottest themes. The coronavirus-driven stock sell-off presents an opportunity to shift into names that may have been overlooked in the recent run-up by technology stocks, said Kevin Chen, an analyst at China Merchants Securities …

Bloomberg Bitcoin is back above $10,000. The largest cryptocurrency’s recent upward momentum carried it past that psychologically significant level on Sunday for the first time since October, according to Bitstamp pricing. It rose as much as 2.6% to $10,179, capping a gain of about 40% so far this year. Its breach of five figures comes amid an equities rally that’s …

Bloomberg Singapore home builders will have one less restriction to worry about after changes to the rules under which some real estate firms operating in the city-state sell apartments. Publicly listed housing developers with a “substantial connection to Singapore” will be allowed an exemption from the Qualifying Certificate regime, according to a statement from the Ministry of Law and Singapore …

Bloomberg Bombardier Inc has Quebec in a bind again. As the debt-laden plane and train maker explores selling one of its core businesses and exiting a jetliner venture with Airbus SE, its home province is feeling the need to get involved again — but not at any cost. Unwilling to add to the $1 billion his predecessor invested in the …

Bloomberg Administrators for South Africa’s loss-making state airline have defended their decision to cut routes as part of a turnaround plan, after objections from President Cyril Ramaphosa, government and labor unions. South African Airways (SAA) will halt service to nine international cities, including Hong Kong and Sao Paulo, and cease all local services except those between Johannesburg and Cape Town. …

Bloomberg Luxury conglomerate Tapestry Inc appointed Liz Fraser as the new head of its beleaguered Kate Spade brand after the departure of Anna Bakst at the end of the year sparked a search for a new executive. Fraser starts as CEO of Kate Spade on March 1 and will take over from Joanne Crevoiserat, Tapestry’s chief financial officer who held …

Bloomberg Hermes International unveiled its first products from a new beauty division, adding $67 lipsticks to a brand better known for $9,000-plus Birkin bags and $400 silk scarves. By expanding its offer in cosmetics, Hermes is testing the waters of a category that has long driven sales and profit for rivals like LVMH’s Christian Dior and Chanel. Hermes, which says …

Bloomberg Myanmar’s largest private-sector airline said the novel coronavirus outbreak is likely to have an impact on its operations until April. The airline, Myanmar Airways International-Air KBZ Group, has temporarily suspended all routes to mainland China as well as Taiwan, Commercial Director Tanes Kumar said in an interview. “We had to shift some priorities within our strategy due to the …

Bloomberg The area near Los Angeles where Kobe Bryant’s helicopter crashed was blanketed by a thick layer of clouds and the craft’s engines were operating as it plummeted, a newly released report shows. The National Transportation Safety Board (NTSB) released several photographs provided by government agencies and individuals depicting the first hard evidence confirming early witness reports that the aircraft …

Bloomberg Oil declined for the fifth straight week as the spreading coronavirus clouded the demand outlook and Opec awaited Russia’s decision on whether to cut production. Futures in New York fell 2.4% for the week, posting the longest weekly losing streak since 2018. Chinese refiners are processing 15% less crude than before the outbreak as the infection crimps demand. Meanwhile, …