Singapore’s OCBC Restores Banking Services After Disruption
Singapore lender Oversea-Chinese Banking Corporation Ltd. said it has fully restored all services after a disruption affecting consumer and business banking customers earlier Monday.
Bloomberg Business
Siam Cement Scraps $2 Billion Chemical Unit IPO Amid Slump
Siam Cement Pcl, one of Thailand’s largest industrial conglomerates, scrapped a proposed initial public offering for its chemicals unit, citing unfavorable market conditions.
Tata Steel Sees Lower China Exports, Higher Prices
Tata Steel Ltd., India’s second-largest steel producer, is upbeat on prices as Chinese steel exports decline.
SoftBank Plans AI Tour for Founders to Boost Technology Adoption
SoftBank Group Corp. will take a group of its Indian startup founders to Silicon Valley next month for an artificial intelligence tour as the Japanese investor steps up efforts to infuse its portfolio companies with the technology.
North Korea Eases Covid Border Curbs to Help Economy, South Korea Says
North Korea is easing Covid-19 border restrictions imposed nearly four years ago to help its beleaguered economy recover from the hit the country took when it sealed itself off, South Korea said.
Thai Cabinet Takes Shape With Srettha Set to Retain Finance Post
The formation of a new coalition government in Thailand is gathering momentum with Prime Minister Srettha Thavisin finalizing his cabinet lineup that will probably see the former property tycoon retaining control of the finance ministry to bolster growth through fiscal stimulus.
Japan Warns Citizens in China to Speak Quietly Amid Wastewater Backlash
Japan’s government warned its citizens to take precautions when visiting China, after reports of harassment in response to Tokyo’s discharge of treated wastewater from the Fukushima nuclear plant into the ocean.
Xi Asks Xinjiang Officials to Crack Down on Religious Crimes
Chinese President Xi Jinping called on Xinjiang officials to further encourage assimilation of Muslims and curtail illegal religious activities during a visit to the autonomous region Saturday.
The World’s Top Rice Shipper Now Has Restrictions on Every Grain
India, the world’s largest rice exporter, has now implemented restrictions on every variety of the grain that the South Asian nation ships overseas, measures that will tighten global supply even further.
Electric Cars Pass a Crucial Tipping Point in 23 Countries
Once 5% of new car sales go fully electric, everything changes — according to a Bloomberg Green analysis of the latest EV adoption curves.Â