Bloomberg Business

Southeast Asia is home to some of the world’s worst-performing stock indexes this year after foreign funds rotated out of the region into technology-heavy markets in North Asia.

China’s growing youth unemployment rate could trigger political problems if not properly handled, warned a prominent economist who has advised President Xi Jinping’s government.

The yuan spiked in opening trading Monday, in a hint that authorities may have taken another tool back out of the box to help stabilize the under-pressure currency.

India’s unemployment rate rose above 8% for the third time this year on the back of seasonal joblessness in rural areas, according to data from a private research firm.

Citigroup Inc. investment banker David Jiang is leaving the US lender as part of a recent round of layoffs, according to people familiar with the matter.

Switzerland’s financial regulator is investigating Thomas Gottstein, the former CEO of Credit Suisse, for his role in the implosion of a $10 billion group of funds linked to disgraced financier Lex Greensill, according to a report published in SonntagsBlick.

Goldman Sachs Group Inc. is now expecting a higher default rate for Chinese high-yield property dollar bonds, as missed payments and policy uncertainty continue to weigh on the country’s real estate sector.

China’s coal buyers should slow purchases from abroad to avoid hurting domestic suppliers, the China Coal Transport and Distribution Association has recommended.

Singapore Deputy Prime Minister Lawrence Wong will become chairman of the central bank as well as the investment strategies committee of the sovereign wealth fund GIC Pte, according to separate statements Monday.

The stock market is a refuge for local investors in a hyperinflation economy.