Most talked about Bloomberg News stories

Schoolgirl Protester Risks Future for Hong Kong Democracy Fight

bloomberg.com — Student, athlete, skater-girl, cat person. At 17, Christy is a typical teenager. Until two months ago, the most pressing question on her mind was what to study at college: engineering or physiotherapy? Now, she's juggling classes with stints manning barricades in Hong Kong, bracing for an anticipated sweep by police to clear student-led protesters camped out on major roads for eight weeks to demand greater democracy.
Nov 23, 2014

RT @RosMathieson: #HK schoolgirl/skater/cat lover-turned protester Christy who was until 2 months ago a typical teenager bloom.bg/1yJie8S #occupycentral

Nov 23, 2014

Schoolgirl Protester Risks Future for Hong Kong Democracy Fight, @natashakhanhk profiles an #OccupyHK demonstrator bloom.bg/1yJie8S

Nov 23, 2014

Nice piece by @natashakhanhk @Westyhk: Student, athlete, skater-girl, cat person. Meet a schoolgirl at the barricades bloom.bg/1yJie8S

Show 4 more tweets from Darren Boey, Lars Klemming and others...

Beef the New Red Bull as Hamburger Craze Takes Hold in Hong Kong

bloomberg.com — It's a weeknight in Hong Kong, and gaggles of guys from the finance world are gathering to tuck into the latest food craze. Not ramen or sushi or Peking duck: juicy bacon cheeseburgers. "It's typical Hong Kong, you get these fads where people latch on and everyone seems to adopt it," said Greg Smith, a managing partner at Hong Kong-based wealth-management firm Taylor Brunswick Group.

Women Empowered to Reshape Indian Farming With Video

bloomberg.com — Every other week, 22-year-old Dharmendra Kumar transforms his family's buffalo shed into a makeshift movie theater. His younger brother milks their animals and sweeps out the stall as Kumar tapes a white paper rectangle to a brown, fuzzy blanket on the wall.

Nancy Teeters, First Woman on Federal Reserve Board, Dies at 84

bloomberg.com — Nancy Teeters, who in 1978 became the first woman on the Federal Reserve Board of Governors, then continued to stand out by opposing former Fed Chairman Paul Volcker 's anti-inflation campaign, has died. She was 84. She died on Nov. 17 at an assisted living facility in Stamford, Connecticut, the Washington Post reported, citing her daughter, Ann Teeters Johnson.

Korean Heroine Tortured by Japan Haunts Pages of Asia’s History

By Sam Kim
bloomberg.com — Tap for Slideshow A 17-year-old Korean girl tortured to death for opposing Japanese colonial rulers nearly a century ago has become the latest touchstone of the nationalism that is shadowing Asia 's economic rise. Yu Gwansun became known as Korea's Joan of Arc after she lost her parents and was imprisoned during a 1919 uprising against Japan 's 1910-1945 colonization.
Nov 23, 2014

Korean Heroine Tortured by Japan Haunts Pages of Asia’s History: Textbook propaganda underpin geopolitical tensions bloom.bg/1rdvU7H

Nov 23, 2014

Textbook debate is back: #Korean Schoolgirl Heroine Yu Gwansun Tortured by Japan Haunts Pages of #Asia’s History bloom.bg/1rdvU7H

World’s Oldest Spice Bears Vietnam Modern Riches: Southeast Asia

bloomberg.com — At a time when commodity producers are enduring a slump in prices for everything from crude oil to iron ore to soybeans, Vietnam 's pepper farmers are prospering. Black pepper trades at about $9 a kilogram ($20 a pound), from $2 a decade ago, while white pepper costs as much as $13, a threefold gain, according to the International Pepper Community, a producer group in Jakarta.

Bad Loan Jump Targeted by Surprise PBOC Rate Cut: China Credit

bloomberg.com — China's first interest-rate cut since 2012 may be followed by further reductions as policy makers respond to the biggest jump in bad loans in nine years. Non-performing loans surged 10 percent last quarter, the most since 2005, and soured loans may rise further as real-estate prices slump and the economy slows.

Central Bank Seen Fueling Old China as Banks Hold Key to Policy Success

bloomberg.com — China's central bank said its surprise move to cut interest rates for the first time since 2012 is designed to help small firms and protect depositors instead of all-out monetary easing. How the nation's lenders respond will determine if it works out that way.
Nov 23, 2014

Central Bank Seen Fueling Old China as Banks Hold Key to Policy Success bloom.bg/1yILSeg

Nov 23, 2014

PBOC’s Rate Cut Seen Fueling Old China as Banks Hold Key to Policy Success bloom.bg/1yILSeg via @BloombergNews

Nov 23, 2014

Central Bank Seen Fueling Old #China as Banks Hold Key to Policy Success bloom.bg/1yILSeg via @BloombergNews

Nov 23, 2014

Central Bank Seen Fueling Old China as Banks Hold Key to Policy Success - Bloomberg ift.tt/1FgTIOg

The Aftermath of the University of Virginia Rape Story

bloomberg.com — The University of Virginia is suspending all fraternities until Jan. 9 while it investigates allegations made in a recent Rolling Stone article about the school's sexual assault problem. "In the intervening period we will assemble groups of students, faculty, alumni, and other concerned parties to discuss our next steps in preventing sexual assault and sexual violence on Grounds," Teresa A.
Nov 23, 2014

UVA starts cleaning up its act after that devastating Rolling Stone piece. This is what journalism can do. bloomberg.com/politics/artic…

Jutting, Fit to Plead, Remanded 7 Months for Murder Probe

bloomberg.com — Prosecutors were granted seven months to further investigate charges against Rurik Jutting, a former Bank of America Corp. employee whose psychiatric reports said he's fit to plead in a double-murder case in Hong Kong. Prosecutors today said at least 28 weeks were needed to examine more than 200 exhibits.

Putin Looks to Pakistan as Cold War Friend India Buys U.S. Arms

bloomberg.com — Russian President Vladimir Putin is seeking to build military ties with Pakistan as India buys more weapons from the U.S., changing an approach toward the nuclear-powered neighbors that has endured since the Cold War. Sergei Shoigu, making the first visit by a Russian defense minister to Pakistan since the Soviet Union's collapse, last week signed a "milestone" military cooperation agreement.

Bad News Mounts for Chinese Banks. Funds Grow More Bullish

bloomberg.com — China 's banks, already saddled with mounting bad debt, face the risk of sagging profit growth after an interest-rate cut slashed their margins on loans. The twist: some investors are getting more optimistic, not less, about the outlook for the industry's shares.
Nov 23, 2014

Pray, do tell! RT @darrenboey Why are fund managers getting more bullish on Chinese bank stocks? ow.ly/ELfjn

Marion Barry, 1936-2014

bloomberg.com — They took his name off the building. In 1986, shortly before winning the third of his four mayoral terms, Marion Barry opened the Frank D. Reeves Municipal Center on 14th and U Street. Tourists en route to Ben's Chili Bowl, locals on their way to see jazz, could not miss the dedication near the top of the building: "Marion Barry Jr, Mayor."

BHP Targets Further Spending Cuts as Iron Prices Tumble

bloomberg.com — BHP Billiton Ltd. (BHP), the world's biggest mining company, plans to take a scalpel to capital spending and costs to bolster cashflows as iron ore and crude oil prices plunge. Capital expenditure will be cut to $14.2 billion in the 12 months to June, from a previous estimate of $14.8 billion, dropping again to $13 billion in 2016, the producer said today in a statement.
Nov 23, 2014

BHP Targets Further Spending Cuts as Iron Prices Tumble bloom.bg/1yIZaHD

Nov 23, 2014

RT @mcdonaldsarahj: Good day for $BHP shareholders (first one in a while), +4.1% and heading for biggest daily gain since 2012 #ausbiz bloomberg.com/news/2014-11-2…

U.S. Gulf Arab Ally Sees Risk of ‘Huge Ticking Bomb’ in Libya

bloomberg.com — Libya risks becoming a "huge ticking bomb" for the Middle East after the NATO-led coalition that helped topple Muammar al-Qaddafi failed to stabilize the country, the United Arab Emirates foreign minister said. Sheikh Abdullah Bin Zayed Al Nahyan said in an interview on Fox News that countries that took part in the campaign to oust Qaddafi in 2011 "should have played a far bigger role the day after.

PBOC Bounce Seen Short Lived as History Defies Bulls

bloomberg.com — The rally late last week in Chinese stocks trading overseas, triggered by a surprise interest-rate cut, suggests equities will soar when markets open in Shanghai today. Recent history highlights something else: The gains probably won't last long.

Battle for Heart of Iraq Intensifies With New Push by Islamist Terrorists

bloomberg.com — Iraq's Prime Minister Haidar Al-Abadi ordered the military to arm citizens fighting Islamic State in a province northwest of Baghdad, where tribal leaders and politicians complain of inadequate government support. Abadi ordered to provide air support for fighters in Anbar and instructed the military to boost its presence in the province, his office announced yesterday.
Nov 23, 2014

Battle for Iraq City Intensifies With Islamic State Offensive bloom.bg/11OxHtU via @BloombergNews

Ben Carson Shares the Intimate Details of His Life with Iowa Evangelicals

bloomberg.com — In a 54-minute speech to evangelical conservatives in Iowa on Saturday night, Ben Carson sought to introduce virtually every aspect of his compelling life story to a group of voters essential to his prospective 2016 Republican presidential bid. That even included an episode where he said a woman in Florida accused him in a paternity case of fathering a child.

How the EU Plans to Turn $26 Billion Into $390 Billion

bloomberg.com — The European Union is planning a 21 billion-euro ($26 billion) fund to share the risks of new projects with private investors, two EU officials said. The new entity is designed to have an impact of about 15 times its size, making it the anchor of the EU's 300 billion-euro investment program, said the officials, who asked not to be named because the plans aren't final.
Nov 23, 2014

How #EU plans to turn $26b into $390b (without a magic wand): via a fund anchoring its #investment program bloom.bg/1vBX928