Bloomberg Taiwan found debris near the area where one of its most advanced fighter jets went missing, as the search for the pilot and his aircraft stretched into a second day. The wreckage was found Wednesday close to where the F-16V disappeared during a training exercise, Taiwan’s National Rescue Command Center said in a text message. It is the ...

  Bloomberg North Korean leader Kim Jong-un personally oversaw his regime’s latest hypersonic missile test, official media reported, as he pushes to develop weapons to counter US defenses. The Korean Central News Agency said the hypersonic glide vehicle made a 240-kilometer (150-mile) “corkscrew” maneuver during flight to hit a target in waters 1,000 kilometers away. It called the launch “a ...

  Bloomberg Japanese Foreign Minister Yoshimasa Hayashi commended a recent visit by Cambodian leader Hun Sen to Myanmar, which was the first by a foreign leader since the military coup in February. In a phone call with his counterpart Prak Sokhonn on Tuesday, Hayashi said he remained concerned about violence in Myanmar, and welcomed Cambodia’s positive efforts to resolve the ...

  Bloomberg UK Prime Minister Boris Johnson sought to head off a growing revolt within his own party, offering an apology for attending what he called a “work” event in the Downing Street garden during lockdown, when outside parties were illegal. “There were things we simply did not get right,” he told the House of Commons on Wednesday. “I must ...

  Bloomberg It was once hailed as the future of Chinese banking, a privately run lender that would mint money by outmaneuvering its state-owned rivals. An ill-fated push into property lending has instead turned China Minsheng Banking Corp into one of the biggest casualties of the real estate debt crisis that’s roiling Asia’s largest economy. Battered by mounting losses on ...

  Bloomberg Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar with the matter, as the finance industry comes under pressure from mobile money providers. The London-listed lender’s local unit has already started to shut some offices and will eventually operate only 13 branches in the West African nation, ...

  Bloomberg The Philippines’ central bank is unlikely to increase policy rates in the first half of this year as it waits for the economic recovery to become entrenched and unemployment to fall, according to central bank Governor Benjamin Diokno. “After the performance in the first two quarters of the year, that’s when we seriously look at whether we will ...

  Bloomberg HSBC Holdings Plc has hired Omar Siddiq from CIMB Group Holdings Bhd. to head its Malaysian unit, the bank said in a statement on Wednesday The announcement confirmed an earlier report by Bloomberg News, which cited people with knowledge of the matter, that the head of CIMB Group’s wholesale banking division and deputy chief executive officer of CIMB’s ...

  Bloomberg The Indian rupee is likely to weaken after foreign inflows that have helped it appreciate at the start of the year begin to ebb in coming months, a senior official at the nation’s second-largest private sector lender said. “INR will appreciate short term but have no choice but to depreciate long term,” B. Prasanna, group head for global ...

  Bloomberg Romania raised interest rates less than expected, surprising some investors who have expected the central bank to lift borrowing costs faster to tackle decade-high inflation and catch up with more aggressive rate hikes by its regional peers. The central bank raised borrowing costs by 25 basis points to 2%, a move predicted by five out of 11 economists ...