Bloomberg Business

Three people are dead after a Philippine fishing boat collided with an oil tanker in what the nation’s coast guard described as an accident near a disputed South China Sea shoal.

Philippine President Ferdinand Marcos Jr. said he has lifted the cap on domestic rice prices, about a month after imposing it to rein in a spike in the cost of the staple grain.

SoftBank Group Corp.’s billionaire founder Masayoshi Son implored a Japanese audience to embrace artificial intelligence, making an impassioned speech for early adoption at his first public appearance in months.

The dollar’s recent rally has been relentless. But Asia’s central banks have the firepower to limit the fallout.

Leaders from nearly 50 European countries will try to show unity in support of Ukraine when they gather in Granada, Spain, even as concerns are mounting over the reliability of US funding and a new potential ally of Moscow on the continent.

Thailand will take steps to enhance the safety of foreign tourists, official said on Wednesday, a day after a teenager shot dead two people, including a Chinese visitor, inside a popular shopping mall in downtown Bangkok.

South Korea has removed a cap on commercial banks’ bond sales enacted during last year’s credit crunch, in a bid to ensure funding for the financial sector.

New Zealand’s central bank said interest rates may need to stay high for a longer to return inflation to target, but disappointed traders looking for signs of imminent further tightening. The local dollar fell.

Bond traders are leaning toward higher Treasury yields over the next few weeks, positioning for the 10-year rate to exceed 5% and potentially reach much loftier levels.