Bloomberg Business

Top Philippine Telco Snaps Rout as It Vows to Assist Probe

Troubled Philippine telecoms giant PLDT Inc. finally halted a days-long stock rout as it vowed to cooperate with an investigation into the more than $800 million of unaccounted spending that it disclosed last week.

China’s Xi Vows to Work With Australia for Sustainable Ties

Chinese President Xi Jinping exchanged congratulatory messages with his Australian counterpart to mark the 50th anniversary of diplomatic relations, the latest sign of warming ties between the two major trade partners.

Saudi Arabia Invests $2.4 Billion in Key Dubai Port Developments

Saudi Arabia is buying stakes in three flagship DP World developments in the United Arab Emirates for $2.4 billion, in the latest sign that increasing competition between the two largest Gulf economies isn’t impacting deal flow.

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