Bloomberg South Korea must stay in line with US and Japanese plans to keep North Korea “under siege,” the chairman of Japan’s lower house committee on foreign affairs said, referring to the policy of maintaining maximum pressure on Kim Jong Un’s regime. Just days after Kim’s smiling sister invited South Korean President Moon Jae-in to a summit with her brother ...

Bloomberg Kenyan Attorney General Githu Muigai resigned after a six-and-a-half year tenure marked by missteps including changing the country’s electoral law before a disputed presidential vote. President Uhuru Kenyatta nominated Appeals Court President Paul Kihara Kariuki as Muigai’s replacement, according to a statement on his Twitter account. Kenyatta also moved Solicitor General Njee Muturi into the presidency as deputy chief ...

Bloomberg The noose tightened on South African President Jacob Zuma as the police went after key allies while leaders of the ruling African National Congress vowed to force him from office. Police raided the Johannesburg home of the Gupta family, who are in business with Zuma’s son, Duduzane, early Wednesday as the nation awaited the president’s next move in his ...

Bloomberg US stocks advanced while the dollar fell and Treasuries rose as financial markets looked ahead to Wednesday’s inflation report. The S&P 500 Index climbed for a third day, its longest winning streak since mid-January, amid a rally in financial shares and food retailers. Assets seen as safe havens gained as last week’s surge in volatility continued to weigh on ...

DUBAI / Reuters Gulf stock markets appear to have few fresh positives on Wednesday and may consolidate in sluggish trade, with Dubai dampened by earnings and dividend news from several companies. MSCI’s broadest index of Asia-Pacific shares outside Japan is up 0.7 percent but trading is tentative ahead of US inflation news later in the day, while Brent oil is ...

Bloomberg The Goldman Sachs Group Inc. unit that executes share buybacks for clients just had its busiest week ever, but even that couldn’t keep stocks from flopping into a correction. Last week, the firm’s corporate-trading desk saw 4.5 times its average daily volume from 2017, according to data seen by Bloomberg. Even as companies scooped up their own shares, the ...

Bloomberg Credit Suisse Group AG’s trading revenue rebounded at the start of the year along with market volatility, in what Chief Executive Officer Tidjane Thiam said was evidence that the investment bank was alive and well after two years of cost reductions. The first six weeks of 2018 showed a “strong start” in the market-dependent businesses, with revenue gains of ...

Bloomberg Prime Minister Narendra Modi has allowed India’s subsidy bill to balloon in the lead up to crucial elections, at the risk of breaching his budget deficit goals. Although Modi has a reputation for reducing India’s huge subsidy expenditure, data shows he’s missed the chance to rein it in. And as he prepares for state and national elections, subsidy reforms ...

Bloomberg Hillhouse Capital Management, the Chinese investment firm that last year helped lead Asia’s biggest-ever buyout deal, is targeting to raise about $6 billion in a new private equity fund, people with knowledge of the matter said. Hillhouse has started gauging interest from potential investors, one of the people said, asking not to be identified because the information is private. ...

Bloomberg Malaysia’s economic growth is set to moderate this year from a three-year high in 2017, but still post a solid performance on the back of strong domestic demand. Gross domestic product rose 5.9 percent in the fourth quarter from a year earlier, the central bank said on Wednesday in Kuala Lumpur, slightly above the median estimate of 5.8 percent ...