Hong Kong Small Business Vanishes With Soaring Rent

April 2 (Bloomberg) -- Rents are climbing in neighborhoods near Hong Kong's Causeway Bay and other prime shopping districts, known for luxury stores that attract free-spending tourists from mainland China. That’s squeezing out mom-and-pop shops, congee and noodle vendors and other small businesses as developers and landlords seek to profit from the trend. Bloomberg's Brent O'Brien reports. (Source: Bloomberg)
Is the Time Right for the Fed to Raise Rates?
56:35 - Peter Lewis Consulting founder Peter Lewis discusses the global markets, an interest rate hike in the U.S. and the Chinese stock market. He speaks to Bloomberg's David Ingles, Juliette Saly, Shery Ahn and Rishaad Salamat on "Asia Edge." (Source: Bloomberg)
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