Bloomberg Business

China’s copper smelters are preparing to boost exports, a sign its manufacturing and construction sectors aren’t yet making a decisive recovery from the ravages of the past year.

Bitcoin fell to a three-week low, sapped by the collapse of crypto-friendly bank Silvergate Capital Corp. and the prospect of higher-than-expected central bank interest rates.

Nomura Holdings Inc. slashed its entertainment budget for executives, people familiar with the matter said, as it stepped up efforts to rein in costs after some tough-going quarters.

Bolivians formed a line three blocks long outside the central bank’s headquarters in La Paz on Wednesday as locals rush to convert their savings into dollars amid growing fears over the bank’s dwindling cash reserves.

Japan only narrowly avoided a recession at the end of last year, a sign of continued weakness in the economy as inflationary pressure and a global economic slowdown cloud the outlook.

Chinese leader Xi Jinping called on the military to make breakthroughs in securing technological advantages amid “international competition,” underscoring Beijing’s efforts to counter US efforts to cut it off from key advanced semiconductors.

DBS Group Holdings Ltd. raised Chief Executive Officer Piyush Gupta’s total remuneration for 2022 by about 13% after its fourth-quarter profit topped estimates on lending gains.

Bets on a rebound in consumption in China are overdone, according to a top-performing portfolio manager.

Australian bonds are climbing at a time when US bonds are tanking as the smaller nation’s central bank signals a much softer approach to setting monetary policy.

The price of Russian crude and fuel is rising for buyers in Asia as a pool of bigger customers from China and India expands, putting pressure on smaller refiners that have eagerly consumed the cheap oil.