Bloomberg Business

Daily outflows of overseas funds from Chinese stocks tied a record streak amid worsening sentiment on the nation’s economy and the government’s efforts to get it back on track.

The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG LLP to conduct an audit of its balance sheet, people familiar with the matter said.

North Korea may time the test launch of a missile that can deliver a nuclear warhead to the American mainland to coincide with a Friday summit of the leaders of Japan, South Korea and the US, South Korea’s spy service was cited as saying by a lawmaker.

Australia’s second-largest pension fund said the nation’s borrowing costs could stay elevated until as late as 2025, arguing the global inflation struggle is far from over as job markets remain resilient.

Emerging Asian bond investors are turning cautious amid signs that the region’s central banks may not start cutting rates as soon as they hoped.

India’s midcap stocks are again growing in popularity among overseas investors after five years of decline, according to Goldman Sachs Group Inc.

Citigroup Inc. added over 15,000 wealth clients in the Asia Pacific region as the US bank extends it push into money management and that business shows signs of recovery.

Peak summer in China — the first in four years without harsh Covid restrictions. Tickets for attractions like the Forbidden City in Beijing are selling out in minutes. Streets are crowded and subway stations are even more packed than usual. Foreign tourists, however, are few.

The US is preparing to accelerate its complaint that Mexico’s ban on genetically modified corn violates the nations’ free-trade deal, heightening tensions between neighbors.