Bloomberg Hong Kong’s financial markets showed resilience after a day of violent clashes between protesters and the police brought much of the city’s centre to a standstill. The benchmark Hang Seng Index was little changed on Wednesday, closing down 0.2 percent on volume that was 30 percent lower than the 30-day average. Trading in the local dollar was also muted, ...

Bloomberg Ford Motor Co agreed to move most of its assets in India into a joint venture with a local partner after struggling for more than two decades to win over buyers in the world’s fourth-largest auto market. The deal effectively ends Ford’s independent operations in a country it wanted to become one of its top three markets by 2020. ...

Bloomberg Thousands of workers plan to carry out protests against Indonesia’s labour, wage and health insurance regulations, which they say are discriminatory, raising fresh risks for the stability of Southeast Asia’s largest economy. Around 50,000 workers will join the protest in front of the parliament building in Jakarta, according to Said Iqbal, president of the Confederation of Indonesian Trade Unions ...

Bloomberg Coal India’s monthly production dropped to a record low as heaviest rains in 25 years flooded mines and hindered shipments. The Kolkata-based state miner produced 30.77 million tons of coal in September, down 24 percent from a year earlier and the lowest in data back to 2013, according to a stock exchange filing. Shipments dropped 20 percent to 35.18 ...

Bloomberg WeWork named a new head of its Japanese operations, replacing a company veteran with close ties to former Chief Executive Officer Adam Neumann. Kazuyuki Sasaki, the former managing director of WeWork Japan, has been named its new CEO, the company said in a statement on Wednesday. Sasaki replaces Chris Hill, who has headed Japan operations since their start in ...

Bloomberg Onions in India are once more at the epicenter of a major controversy, pitting government officials who want lower prices against farmers that need extra income. Prices of the vegetable, as ubiquitous as spices in Indian cooking, surged more than 200 percent in September from previous months after flooding from heavy monsoon rains damaged crops and reduced supplies. That’s ...

Bloomberg Lendlease Global Commercial REIT’s stellar IPO debut is yet another testament to the hunger for yield among Asian investors. The real estate investment trust, part of Australia’s Lendlease Group, started trading on the Singapore bourse on Wednesday, surging 6.3 percent at the open from its offer price. This is the biggest jump among the city-state’s REITs in the past ...

Bloomberg BP Plc boss Bob Dudley is planning to step down, and the energy giant’s board is yet to decide on the timing. “I said a long time ago that around the age of 65 I would” step down, Dudley told reporters on the sidelines of the Russia Energy Week conference in Moscow. Dudley took over as chief executive officer ...

The battle to control the Federal Reserve is being waged on many fronts. There’s President Trump’s relentless tirades against Fed Chairman Jerome Powell — and Powell’s low-key rejoinders. There’s the clamour from investors (aka Wall Street) for easy credit to prop up stock prices. Some economists favour cheap credit to sustain low unemployment (3.7%). What’s been missing is a cogent ...

Cruise ships are big business for port cities around the world. But starting next year, Cannes, one of the world’s most famous ports-of-call, will no longer welcome them unless they comply with strict pollution controls. Passengers who choose to sail on dirty vessels will have to disembark elsewhere. So far, the industry doesn’t seem worried. It should be. Increasingly, consumers ...