Bloomberg Four planned listings on Hong Kong’s small-company exchange, known for its wild price swings, were shelved this week in the wake of a warning that participants would be more thoroughly scrutinized. Logistics provider XiangXing International Holding Ltd. said it will postpone its initial public offering on the Growth Ente- rprise Market after receiving inquiries from regulators. Local lingerie ...

  Bloomberg This may be as good as it gets for the Australian dollar, the best-performing Group-of-10 currency this year. The drivers behind the Aussie’s two-month rally are being eroded as iron ore shows signs of topping out and Australia’s yield advantage over the US shrinks. The currency is almost 5 percent overvalued based on regression analysis linking it with ...

  Bloomberg China, which tightly censors the internet, called on Thursday for a new model for governing the web based on rules and order rather than the unfettered access seen in democratic societies. Speaking in Beijing, foreign ministry and cyberspace affairs officials made China’s latest argument for being a global leader in managing the internet. Unveiling the country’s first cyber ...

  Bloomberg Two years after Switzerland suffered a surge in the franc, the currency is still proving a challenge. While the move in 2015 didn’t cause a recession, the Swiss economy remains burdened with the aftermath: an exchange rate that the central bank continues to describe as “significantly overvalued.” That picture was reinforced by data on Thursday showing exports recorded ...

  Bloomberg Yahoo is punishing CEO Marissa Mayer and parting ways with its top lawyer for the mishandling of two security breaches that exposed the personal information of more than 1 billion users and already have cost the company $350 million. Mayer won’t be paid her annual bonus nor receive a potentially lucrative stock award because a Yahoo investigation concluded ...

  Bloomberg UK manufacturing growth slowed for a second month in February and price pressures cooled, a sign that the effects of the pound’s drop may be easing. IHS Markit’s Purchasing Managers Index fell to 54.6 from a revised 55.7, above the 50-mark dividing expansion from contraction but below economists’ expectations for 55.8. The pound’s fall since the UK’s June ...

  Bloomberg Euro-area inflation accelerated to the fastest pace since January 2013, providing fresh arguments to those calling for an exit from the European Central Bank’s monetary stimulus program. Consumer prices rose 2 percent in February from a year earlier, the European Union’s statistics agency in Luxembourg said on Thursday. That matched the median estimate of 47 analysts surveyed by ...

  Bloomberg Morgan Stanley’s real estate investing unit plans to sell its stake of almost 12 percent in the London skyscraper known as the Walkie Talkie, according to three people familiar with the plan. China Investment Corp., which owns a portion of the 20 Fenchurch Street building, is considering bidding for the stake, which is valued at about 120 million ...

  Bloomberg Forget email, Slack and the humble telephone. When workers at one Australian company want to talk to colleagues in China, they just turn their heads and look down the “wormhole”. Large screens at the end of each row of desks offer a digital window between offices in Melbourne and Xi’an—7,000 kilometers apart—at real-estate company REA Group Ltd. The ...

  Bloomberg Line Corp. outlined an ambitious artificial-intelligence strategy that promises to transform Japan’s most popular messaging service while pitting it against Google, Facebook Inc. and Amazon.com Inc. The company is launching a suite of AI software tools to power an online digital assistant capable of conversing in Japanese and Korean, Line said at the Mobile World Congress in Barcelona. ...