Bloomberg Business

Hong Kong Cosmetics Giant Raises Doubts Over Tourism Revival

Hong Kong’s biggest cosmetics chain plans to open just a handful of new stores this year after shutting dozens during the pandemic as doubts remain that the city will return to its pre-Covid heights as a shopping mecca.

Korea Can Consider Lifting Short Selling Ban in 2023, Watchdog Says

South Korean authorities will consider lifting a short-selling ban as early as this year if conditions are met, the nation’s financial watchdog chief said, acknowledging that the restriction is impeding foreign investors from buying local stocks.

BOJ’s Key Policy Architect Signals Yield Curve Tweak May Come as a Surprise

The Bank of Japan’s new Deputy Governor Shinichi Uchida indicated the possibility that when the time comes for the bank to adjusts its yield curve control program it may do it as a surprise, amid lingering market speculation over change as a new leadership takes over the BOJ’s helm.

Korea Braces for More Loan Failures Amid Global Banking Slump

The slump in South Korea’s property market may lead to defaults on project-financing loans, but policymakers have put in place measures to cope following an unexpected credit crunch last year, according to the nation’s financial watchdog chief.

China’s BYD Has No Plans to Challenge Tesla in US Anytime Soon

BYD Co. doesn’t have any current plans to enter the US passenger car market, founder Wang Chuanfu said, throwing cold water on the prospect of the Chinese electric-vehicle maker challenging Tesla Inc. in its home market — for now.

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