Bloomberg Business

Philippines’ core inflation bolted to the fastest pace in 24 years, a print that will likely convince policymakers to retain their tightening bias even as the headline measure slowed.

The chairman of Australia’s A$243.5 billion ($164 billion) sovereign wealth fund says he’s increasingly wary of being caught in the crosshairs of US-China tensions and the potential for the Biden administration to place investment bans on Chinese companies.

The US Chips Act imposes a number of onerous demands and still harbors a great deal of uncertainty for companies hoping to benefit from it, South Korea’s trade minister said in Seoul on Monday.

Buyout firm KKR & Co. has sold all its stake in Weststar Aviation Services Sdn., marking its full exit from the Malaysian helicopter services company after a decade.

The US is moving closer to restricting access to the popular video-sharing app TikTok, with Senate Intelligence Committee Chairman Mark Warner set to unveil a bill Tuesday that the Biden administration is poised to support, according to people familiar with the issue.

The International Monetary Fund will temporarily increase funding limits for member nations to help them overcome current economic challenges.

Artificial intelligence-powered robot developer CloudMinds Inc. is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people familiar with the matter.

Japanese workers’ real wages fell by the most since 2014 despite the government’s push for more pay, underscoring the difficulty of achieving the central bank’s goal of inflation accompanied by robust wage gains.

Australian beef, lobster and dairy exporters are starting to reap the benefits of better relations with China, Agriculture Minister Murray Watt said.

Australia began a sixth year of trade surpluses in January, with economists predicting further gains ahead driven by No.1 trading partner China’s reopening after it jettisoned Covid Zero policies.