Bloomberg Business

Tokio Marine Considers $1 Billion Southeast Asia Life Unit Sale

Tokio Marine Holdings Inc. is considering a sale of its life insurance business in Southeast Asia that could be valued at about $1 billion in a deal, according to people familiar with the matter, as the Japanese insurer looks to focus on its core operations.

Top Gas Exporter Australia Seeks to Extend Domestic Price Cap

Australia may extend a domestic price cap on natural gas until at least 2025, as part of regulations that have already drawn protest from the country’s powerful fossil fuel industry and raised concern among buyers from one of the world’s biggest exporters of the fuel.

Manhattan DA Seeks to Stop Trump From Discussing Evidence

Manhattan District Attorney Alvin Bragg’s office asked a judge to issue an order prohibiting former President Donald Trump from publicly discussing information prosecutors turn over to his lawyers before he’s tried on business fraud charges.

Japan Regulator Asks Banks to Examine Social Media Risks After SVB

Japan’s Financial Services Agency has urged banks to check their readiness to respond to risks from social media and internet banking after the collapse of several US banks, according to people familiar with the regulator’s thinking.

Microsoft Profit, Sales Top Estimates on Strong Cloud Demand

Microsoft Corp. reported quarterly profit and sales that topped projections, fueled by resilient corporate cloud-computing demand, and gave an upbeat outlook for its nascent artificial intelligence services. Shares jumped more than 8% in late trading.

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