ByteDance gets $30 billion loan, Bloomberg News reports
ByteDance gets $30 billion loan, Bloomberg News reports
The day's most relevant stories from the Philippines and Asia's major countries. Links to original sources.
ByteDance gets $30 billion loan, Bloomberg News reports
The projection is in line with the Ministry of Trade and Industry's forecast of 4.5% to 5.5%.
Markets across Asia were down, with tech firms - which rely on low borrowing rates to fuel their investments - dragging Tokyo and Seoul.
Bessent meets BOJ's Ueda, calls for sound policy to avoid currency volatility, Treasury says
Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
Bond selloff deepens as rising energy prices stoke inflation fears
Analysis:Japan faces day of policy reckoning as Bessent calls time on big stimulus
Tokyo, Hong Kong, Seoul, Shanghai, Sydney and Singapore traded lower as investors turned cautious.
Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance
Analysis:Toyota and Honda may get stuck with the bill for Trump’s Canada tariffs
Singapore's ComfortDelGro will operate and maintain the fully automated Copenhagen Metro for 12 years through KBH Metro Partner, its joint venture with French transport operator RATP Dev.
Bessent says disorderly yen moves can destabilize global markets
Air India's request for about US$1.5 billion in fresh equity from owners Tata Sons and SIA has drawn questions about the Singapore carrier's decision to invest in it.
Japan to diversify crude supplies, back Mideast pipelines in resilience effort, media say
Equities rise with tech boost and yields fall with oil prices
As countries pull away from multilateralism and ignore the rules-based system, the question to ask is "what are we doing about it?", said Law Minister Edwin Tong.
Thailand car production rises 6.1% on year in July
Stocks stagger and oil rises as traders eye Iran threat, Nvidia results
Exclusive-Japan eyes tax breaks for non-core business sales in governance reform push, sources say
Both main crude contracts were down 2.3 per cent, with the Brent benchmark sitting at US$92 a barrel.
Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing
Alibaba shares fall 8% after $10 billion Hong Kong share sale
Sailing from Busan New Port, the "PanStar Acro" container ship is to sail to Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable.
China has said it will ban concealed door handles from 2027, making it the first country to phase out a design popularised by Tesla and widely adopted by domestic Chinese EV makers.
Asian markets extend rally as traders assess US Treasuries pledge
Samsung Electroncis to announce more than $72 billion shareholder return programme, media reports
LG Energy, once fixed on EV batteries, jumps to Plan B
Indian fintech Navi to raise $100 million ahead of planned IPO
Analysis:Investors set sights on Swiss franc for popular carry trades after yen intervention
Tech leads losses as Asian stocks track Wall Street selloff
Dollar mostly flat as softer US data fuel dovish rate bets
Stocks slide, yields elevated as Mideast conflict fears grow
Bond yields jump, oil extends gains as US-Iran ceasefire expires
The Competition and Consumer Commission of Singapore said there had been no breach of the Competition Act after Anywheel refused to engage in the proposed price discussions and reported HelloRide’s approaches to CCS.
Japan Q2 growth misses forecasts on weaker spending, investment
From New York to London, the world cannot seem to get enough matcha. The boom has revived Japan’s tea industry but also exposed the limits of its supply. Now China, already the world’s biggest producer, sees an opportunity to scale up.
The United States flagged Singapore among more than 40 countries at risk of being used to circumvent tariffs on Chinese goods.
Dollar falls on surprise drop in US retail sales
Morning Bid: Yen stuck in twilight zone
Malaysia's economy surpassed expectations in the second quarter of 2026, as stronger export growth and steady household spending offset risks arising from the Middle East conflict.
Analysis:AI-driven surge in bond yields could be next risk for markets and growth
AMD looks to raise $4 billion to $5 billion in debt offering, source says
The trading partners flagged include India, Japan, South Korea, Vietnam and Singapore.
Dollar treads water as Fed hike bets pared on benign US inflation
Shein's slowing growth tests investor appetite ahead of Hong Kong IPO
Global stocks hold gains after in-line US CPI
GM plans to sell its half of Indiana battery venture to Samsung SDI, Bloomberg News reports
Some firms are looking to improve productivity in response to the new 12.5 per cent duty, while businesses also face challenges working out which products are affected and how much they have to pay.
Malaysia's June industrial production up 6.5%, below forecast
The United States is bolstering the Japanese yen, as it did with the Argentine peso. The reasons are not solely economic, says Cornell University's Eswar Prasad.
“Stocks are doing their best to ignore the situation in the Persian Gulf,” said analyst Steve Sosnick of Interactive Brokers.
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