Bloomberg Business

Australia’s Fortescue Metals Group Ltd. is set to become the only big global mining company with women in both the chief executive officer and chief financial officer roles.

Asia-based asset manager Hillhouse has hired Deutsche Bank AG’s Siddhartha Hari to help expand private credit investments, according to people with knowledge of the matter.

Asian leaders accustomed to straddling the US-China divide are increasingly nervous that tensions between the world’s two superpowers could spiral toward conflict, with a series of decisions on both sides making it harder for Beijing and Washington to find common ground.

China Evergrande Group faces more than a thousand lawsuits involving 350 billion yuan ($49 billion), underscoring the challenges for the world’s most indebted developer as it seeks to restructure its borrowings.

Senators reached a deal to expedite passage late Thursday of a debt-ceiling agreement forged by President Joe Biden and House Speaker Kevin McCarthy as a June 5 deadline for a destabilizing US default approaches.

Hybe Co., the South Korean music agency behind BTS and Ariana Grande, is seeking to raise around 500 billion won ($380 million) to fund acquisitions in the US and expand its business beyond K-pop.

South Korea’s inflation eased for a fourth straight month in May, another indication that price pressures are pulling back and giving the central bank scope to maintain its interest rate pause.

Australia’s largest pension fund AustralianSuper has frozen all future contracts with PricewaterhouseCoopers as it assesses the fallout of the embattled accounting firm’s tax advice scandal.

US interest-rate markets are signaling that the Federal Reserve is more likely to pause on rate hikes than tighten further at its June meeting, ahead of “make or break” data on the state of the US labor market.

The US needs new tools in order to build on its network of free-trade agreements and compete with China in Latin America, a top Biden administration official said Thursday.