Bloomberg Business

Five people are on board a submersible vessel that has gone missing in the North Atlantic during an expedition to the Titanic shipwreck.

SoftBank Group Corp. is in position to win the race to master AI, thanks to its billions of dollars of tech investments, founder Masayoshi Son said in his first public appearance in seven months.

Chinese investment in Australia’s minerals sector must be considered “strategically” as the countries compete directly in lithium refining, said Resources Minister Madeleine King.

Australia’s central bank weighed the risk of upside surprises to inflation from a tight labor market and rising home prices when it decided to deliver a surprise interest-rate increase this month.

China’s lackluster economic recovery is weighing on the margins from making some lesser-known oil products needed for plastics and petrochemicals, adding another bearish element to the market.

Two ex-employees of Wirecard Asia Holdings Pte were handed prison terms in Singapore for their roles in conspiring to misappropriate money.

South Korea will ask its banks to hold more liquid assets, starting a gradual exit from regulatory easing on capital requirements as local markets recover from the pandemic and a recent credit crunch.

Chinese banks followed the central bank by lowering their benchmark lending rates on Tuesday, although a relatively modest reduction to the mortgage reference rate disappointed investors.

Weakness in the yen is broadening with a trade-weighted gauge of the currency falling to the lowest in more than two decades as officials in Tokyo issue more warnings about sharp moves.