Bloomberg Business

CK Hutchison Slumps After Profit Drops, Warning on Risks

CK Hutchison Holdings Ltd. shares tumbled after the conglomerate founded by Hong Kong billionaire Li Ka-shing posted its biggest drop in profit since 2015, while warning of global risks from inflation to geopolitics and climate change that may weigh on its outlook.

RBA Slightly Extends Path for Inflation to Fall Within Range

Australia’s central bank revised down its estimates for economic growth a touch and now sees inflation returning inside its 2-3% target at the end of 2025, suggesting interest rates may remain elevated for longer.

Viu Ramps Up Asia Expansion After Canal+ Deal

Viu, the streaming unit of Hong Kong billionaire Richard Li’s business empire, is considering an Asian expansion and creating more premium content through a partnership with Canal+ that could see the French broadcaster eventually invest $300 million in the firm.

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