September, 2019

• 18 September

  HK IPOs rush to beat the clock

  

  Hong Kong’s IPO market is unexpectedly coming back to life. It may be a brief revival. Companies from Anheuser-Busch InBev SA’s Asian unit to Megvii Technology Ltd. aim to raise more than $10 billion selling shares before the year is out. It’s a turnaround that appeared improbable as recently as mid-August, when Hang Seng Index erased its gain for the ...

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• 18 September

  Success in China is all about having the right formula

  

  Selling infant formula to China seems so 2016. The country abandoned its one-child policy three years ago, spurring expectations of a baby boom. These have been well and truly dashed. Fertility rates remain stuck around the levels they’ve been at for two decades, and the 15 million children born in 2018 was the lowest figure since 1961. Roughly five Indians ...

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• 18 September

  Attack on Saudi Aramco needs global response

  The attack on Saudi Arabia’s oil and gas facilities in Abqaiq, which has suspended half of the kingdom’s processing — corresponding to 6% of world supply — is a blow to one of the main arteries of the global economy. The Trump administration should use the United Nations General Assembly this week in New York to marshal a global response. ...

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• 18 September

  India is dangerously close to becoming an also-ran

  

  India’s government will shortly find itself at a fork in the road. Will it choose globalisation and export-oriented growth? Or will the isolationists in the ruling Bharatiya Janata Party (BJP) win, and keep India out of a giant Indo-Pacific trading bloc? This weekend, New Delhi hosted negotiators for the Regional Comprehensive Economic Partnership (RCEP) – from the 10 members of ...

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• 18 September

  Draghi leaves it next ECB boss Lagarde to pick up the pieces

  

  It is not easy being in Christine Lagarde’s shoes. The incoming president of the European Central Bank (ECB) has not yet presided over her first Governing Council meeting, but she will have to face down a revolt over the central bank’s decision to restart quantitative easing before she even starts. Lagarde may want to thank Mario Draghi for pushing through ...

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• 18 September

  Too much rent control is asking for trouble

  

  For years, thriving cities in coastal regions of the US have become increasingly expensive to live in. As cities such as San Francisco, New York City, Los Angeles and Seattle became more attractive, thanks to booming knowledge industries and falling crime, rents soared: And for almost as long, people have been hotly debating what to do about the problem. Many ...

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• 18 September

  Bonds rally, stocks struggle as traders await Fed move

  

  Bloomberg Bonds rallied globally while stocks struggled for traction as investors marked time until the Federal Reserve was expected to conclude its policy meeting on Wednesday, with officials expected to cut interest rates again and possibly move further to calm overnight-loan markets. The dollar rose. Government bonds climbed from London to Tokyo before the expected easing in the world’s biggest ...

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• 18 September

  Hong Kong property stock dive not enticing enough for Eastspring

  

  Bloomberg Even after a plunge in Hong Kong property shares following months of protests in the city, Eastspring Investments says some of the biggest stocks in the sector remain unappealing because of their valuations. John Tsai, a portfolio manager in Singapore, trimmed his holdings of Henderson Land Development Co and Sun Hung Kai Properties Ltd in July, and remains underweight ...

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• 18 September

  FAA invites other nations to discuss work on 737 Max jet

  

  Bloomberg US aviation regulators are calling for a meeting with their counterparts from about 50 other countries to discuss progress on returning Boeing Co’s grounded 737 Max to service as some nations have begun saying they will perform independent assessments of the plane. The Federal Aviation Administration sent a letter to regulators around the world asking them to an “informal ...

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• 18 September

  Virgin Atlantic plans to add 84 routes at ‘expanded Heathrow’

  

  Bloomberg Virgin Atlantic Airways Ltd will add 84 destinations including Beijing, Buenos Aires and Sydney if the expansion of London’s Heathrow airport is accompanied by a shakeup in the way operating slots are allocated. The airline would like to serve 35 new long-haul destinations from Europe’s busiest hub, on top of the 19 it offers, plus 37 cities in continental ...

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