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(Bloomberg Opinion) -- Over the weekend, India’s Supreme Court pronounced on a title dispute in Ayodhya, a small town in India’s northern state of Uttar Pradesh. Like many other property cases in India, this one had been working its way through the judicial system for decades. But it may be the most consequential such dispute in Indian history.Millions of Hindus believe Ayodhya was the capital of Ram, an avatar of Vishnu and hero of the epic Ramayana, and the dispute was over rights to the site where Hindus say a 16th century mosque was built over Ram’s birthplace. Reversing a lower court’s order that the area be divided between the two sides, judges awarded it entirely to the Hindu applicants, while saying Muslims must be compensated with land elsewhere.The dispute is inextricably entwined with national politics and the status of Indian secularism. It exploded into the national consciousness in the 1980s and...
Nov.10 -- Hong Kong police confirm they shot two protesters Monday morning. Demonstrators had called for a general strike after a student protester died on Friday and pro-democracy lawmakers were arrested over the weekend. Bloomberg’s Dan Ten Kate reports on “Bloomberg Markets: China Open.”...
Geely Automobile Holdings Limited (HKG:175) led the SEHK gainers with a relatively large price hike in the past couple......
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly......
Based on Friday’s close at 98.201, the direction of the December U.S. Dollar Index on Monday is likely to be determined by trader reaction to the main 50% level at 98.095....
Nov.10 -- Patrik Schowitz, global multi-asset strategist at JPMorgan Asset Management, discusses Hong Kong assets and his outlook for global markets. He speaks on “Bloomberg Markets: Asia.”...
Seattle voters, in a rebuke to heavy corporate campaign spending by Amazon.com, have kept progressives firmly in control of their city council, reviving chances for a tax on big businesses that the tech giant helped fend off last year. Amazon poured a record $1.5 million into a Super PAC run by the Seattle Metropolitan Chamber of Commerce to back a slate of candidates in the Nov. 5 council elections viewed as pro-business, or at least more corporate friendly than the incumbent council majority. Amazon, the world's leading online retailer whose chief executive is billionaire entrepreneur Jeff Bezos, accounted for more than half of nearly $2.7 million raised by the Super PAC, a group allowed to accept unlimited sums from wealthy donors in support of their favorite candidates....
