Is China Done With Its Market Crackdown? Ash Fosun

(Bloomberg Opinion) — Global investors are wondering these days if Beijing has decided to ease a yearlong regulatory crackdown that has cost them more than $1 trillion in losses. After all, China accounts for about one-third of the emerging markets benchmark index. It’s simply too big to be ignored. With no clear statement of policy … Read more

Uber Probes Hacker’s Claim to Have Penetrated Key Databases

Employees on Thursday received a Slack message from an unknown person claiming “I am a hacker,” according to one person with knowledge of the matter. The perpetrator co-opted a staff member’s account and claimed to have gained access also to internal databases, the person said. The cyberattacker was an 18-year-old who managed to infiltrate a … Read more

Amazon Sellers See ‘Scary’ Holiday Season as Consumers Pull Back

The effects are rippling from sellers to firms that support them, including small business lenders. Amazon merchants commonly borrow about $100,000 to buy inventory and pay for marketing campaigns during the holidays, paying the loans off with their proceeds. Seth Broman, chief revenue officer of Swiftline, which offers loans to online merchants, is turning down … Read more

Amazon Sellers See ‘Scary’ Holiday Season as Consumers Pull Back

The effects are rippling from sellers to firms that support them, including small business lenders. Amazon merchants commonly borrow about $100,000 to buy inventory and pay for marketing campaigns during the holidays, paying the loans off with their proceeds. Seth Broman, chief revenue officer of Swiftline, which offers loans to online merchants, is turning down … Read more

Singapore Targets Hong Kong’s High Earners With Latest Work Visa

Outsized salaries aren’t always a requirement, though. Experienced technology professionals with skills deemed to be in shortage in Singapore can qualify with a salary of $10,500 per month if they meet other criteria. In addition, individuals with “outstanding achievements in the arts and culture, sports, science and technology, and research and academia, can also qualify” … Read more

Sembcorp Gains on Plan to Sell India Coal Power Business

Shares rose as much as 5.1% to the highest on record. Sembcorp, which operates two coal-fired plants in India with a combined capacity of 2.6 gigawatts, said in an exchange filing Monday that the sale of the business will accelerate its shift from ‘brown to green.’ Tanweer, which will become the sole shareholder of the … Read more

Employment in US Has Finally Exceeded Its Pre-Pandemic Level

A 315,000 gain in August payrolls from a month earlier pushed total employment to 152,744 million. That’s some 240,000 jobs more than in February 2020, when Covid-19 walloped the economy and threw the labor market into a tailspin, Labor Department data showed Friday.

India Seeks Byju’s Reply on Delayed Filing of Audited Accounts

(Bloomberg) — India sought reasons from Byju’s, the country’s most valuable startup backed by Tiger Global Management, for not yet filing its audited financial accounts for the year ended March 2021, according to people familiar with the matter.

US Business Activity Contracts Again, Weakest Since May 2020

The S&P Global flash composite purchasing managers output index slid 2.7 points to 45, the weakest reading since May 2020, the group reported Tuesday. Excluding the pullback in the early months of the pandemic, the August figure is the weakest print in data back to 2009. Readings below 50 indicate contraction.