(Bloomberg) — Thailand’s pro-democracy parties faced built-in obstacles to forming a government even before a historic win in Sunday’s election. Now that resistance is starting to take shape, making investors wary of a protracted political uncertainty.
A major port in China is stepping up checks on older vessels, snarling some cargoes and highlighting concerns around the steady expansion of a fleet of aging ships ferrying Russian oil around the globe.
President Joe Biden urged his negotiators to keep pursuing a debt-limit deal after House Speaker Kevin McCarthy indicated that both sides may reach agreement as soon as this weekend to avoid a catastrophic US default.
Malaysia may experience drier weather than in recent years during the ongoing Southwest Monsoon season that’s set to run through September, according to the Meteorological Department, bringing little respite from the hot spell that’s engulfed the country.
Philippine Vice President Sara Duterte quit the party under which she won as she denounced “political powerplay,” indicating potential rifts among President Ferdinand Marcos Jr.’s allies nearly a year into his term.
Singapore’s rental growth is expected to moderate for the rest of this year on more supply and macroeconomic headwinds, providing some respite for tenants struggling with soaring housing costs.
China is considering transferring government ownership in the nation’s biggest bad-debt managers to a unit of its sovereign wealth fund as part of a financial regulatory regime overhaul, according to people familiar with the matter.
Elon Musk’s top outside attorney sent Microsoft Corp. Chief Executive Officer Satya Nadella a letter Thursday, saying Microsoft had accessed Twitter’s data for unauthorized purposes.
Crypto investment firm Hashkey Group plans to raise funds at a valuation above $1 billion, taking advantage of Hong Kong’s digital asset push to try and entice potential investors.
The University of Southern California’s rules about student athletes’ media interviews and social media posts violated federal labor law, US labor board prosecutors alleged in a complaint.
