Bloomberg Business

S&P, Fitch Say Thailand Must Sustain Growth to Avoid Ratings Cut

Thailand’s plan to jumpstart its $500 billion economy with a mix of cash handouts and loan moratoriums carries a credit downgrade risk amid a growing reliance on debt and doubts about the nation’s ability to sustain growth, according to ratings companies.

SoftBank’s PayPay App Showcases Masayoshi Son’s Clout in Japan

PayPay Corp. is one of SoftBank Group Corp. founder Masayoshi Son’s success stories, going from zero to more than 60 million users in five years. The payments app now seeks to keep its pace of double-digit growth with help from other SoftBank portfolio companies, according to its co-chief operating officer.

Taiwan to Probe Suppliers Helping Huawei With China Chip Plants

Taiwan will investigate whether Taiwanese firms helping Huawei Technologies Co. with chipmaking plants in China violated US sanctions, ramping up scrutiny of a company at the heart of Washington-Beijing tensions over technology.

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