Bloomberg State-owned Export-Import Bank of India sold its first dollar bond in Taiwan’s Formosa debt market, joining Korea’s Kookmin Bank and Europe’s ABN Amro Bank NV so far this year to tap local investors demand for floating-rate debt that offers protection to buyers. Overseas issuers have been able to obtain “some pricing advantages from Formosa floaters compared to the global ...

Bloomberg South African President Jacob Zuma survived a no-confidence motion in parliament, ensu- ring that he’ll maintain his grip on power until at least the end of the year. The motion was defeated by 198 votes to 177, Baleka Mbete, the speaker of the National Assembly, announced at a sitting in Cape Town. Nine of the 384 lawmakers present in ...

Bloomberg Two US envoys shuttling between Middle East capitals to resolve the Qatar crisis want to shift the focus away from the 13 conditions demanded by the Saudi-led alliance, according to a Gulf official with knowledge of the matter. General Anthony Zinni, a retired former head of US Central Command, and senior State Department official Timothy Lenderking will promote a ...

Bloomberg Iranian President Hassan Rouhani kept top allies in key posts as he presented his proposed cabinet to parliament, unveiling the team he’ll depend on to pursue an agenda being buffeted by escalating tensions with the US and opposition at home. Foreign Minister Mohammad Javad Zarif and Oil Minister Bijan Zanganeh were reappointed, as was Abbas Akhoundi, the minister for ...

Bloomberg The Republic of Macedonia’s new government is stepping up its efforts to join NATO, arguing that membership in the military alliance will protect the Balkan nation from Russia “interfering” in its affairs, the country’s defense minister said. “Influences interfering in this strategic goal aren’t helpful, and they’re not friendly,” Defense Minister Radmila Sekerinska said in an interview in Skopje ...

Bloomberg Poland’s ruling officials are stepping up calls to demand compensation from Germany for damages caused in World War II, potentially deepening a divide between the European Union’s largest eastern member and the bloc’s biggest economy. Deputy Prime Minister Mateusz Morawiecki lamented that Poland was “massacred” by the country’s neighbor in the war, echoing recent statements by Defense Minister Antoni ...

Bloomberg Having watched Kenya’s economic boom pass him by, security guard Frederick Kibaraza is skeptical whether there’s any point voting in Tuesday’s cliffhanger elections. “I am not falling for the ideas of politicians,” Kibaraza, 27, said as he strolled along a dusty street near his home in Kawangware, a slum in the capital, Nairobi. “We vote for them and they ...

President Donald Trump loves to trumpet the record run in US stocks. “Stock market hits another high with spirit and enthusiasm so positive,” he tweeted on July 12, in one of nine posts about the market last month. But he’s hardly tweeted a word about another, less rosy measure of Trump’s America: the US dollar. The greenback has fallen hard ...

The Association of Southeast Asian Nations has much to crow about as it marks its 50th anniversary: economic and social progress, a manufacturing powerhouse and relative political stability. The 10 Asean members boast of some of the world’s fastest expanding economies like the Philippines and Vietnam, with growth rates of more than 6 percent. With a combined population of over ...

A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock in 2016 become its best this year. Yangzijiang Shipbuilding Holdings Ltd., which specializes in dry-bulk carriers, has rallied 83 percent in 2017 to lead the benchmark Straits Times Index. The Chinese shipbuilding firm has made a comeback after it won 13 contracts worth $318 million in the ...