South Korea’s ruling party elected as its new leader a candidate backed by President Yoon Suk Yeol, who is trying to implement a historic deal to mend ties with Japan and win concessions from the US over export curbs that could hurt his country’s chipmakers.
Seven & I Holdings Co. is closing roughly one out of every four of its Ito-Yokado stores in Japan, marking the retailer’s latest response to pressure from an activist investor to streamline its business.
Asia bonds look better placed than their emerging-market peers to withstand further volatility after surprisingly hawkish remarks by the Federal Reserve’s chair deepened a selloff in Treasuries.
Sri Lanka’s rupee, which became the world’s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose almost a fourth of its value against the dollar by end-2023, according to Fitch Solutions.
Aware Super Pty, one of Australia’s largest pension funds, is looking to hire top talent for a new London office as it follows industry rivals by expanding its global footprint.
BlackRock Inc. is starting two private equity funds targeting wealthy individuals in Europe, as the world’s largest asset manager seeks to tap rising appetite for alternatives among the rich.
AirPods maker GoerTek Inc.’s Vietnam business chief is leaving the company, days after the executive outlined how Apple Inc.’s Chinese suppliers are likely to move capacity out of the country far faster than anticipated to pre-empt fallout from escalating Beijing-Washington tensions.
Egyptian urban inflation accelerated far faster than expected as a wave of currency devaluations made imports more expensive and sent food prices surging at a record pace.
Vietnam is looking to purchase the country’s first liquefied natural gas shipment, the latest emerging nation to rekindle interest in the super-chilled fuel after a drop in prices.
Singapore’s top trade official said the city-state is willing to facilitate a dialogue between the US and China to repair their relationship, as he described growing tensions between the world’s biggest economies as detrimental to the world.
