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Bloomberg Pakistan’s stocks and bonds rose and the rupee fell after the government said it would seek the nation’s thirteenth International Monetary Fund (IMF) bailout since the late 1980s in a bid to stabilise the economy and plug dwindling finances. The South Asia nation’s key stock measure snapped six days of losses to advance as much as 3%, the most ...

Bloomberg Malaysia will devise new taxes soon to shore up a state budget that’s been constrained by debt and changes to the consumption levy, Prime Minister Mahathir Mohamad said. The government may also have to sell assets to raise money to pay “huge debt,” he said at a forum in Kuala Lumpur, adding that he believes foreign investment will still ...

Bloomberg Singapore is giving liquidators of insolvent companies a new tool to retrieve funds for bondholders and other creditors. Court-appointed managers will now be able to seek funding from investors unrelated to the case to pay the cost of pursuing claims, in exchange for part of the proceeds. That change came under the Insolvency, Restructuring and Dissolution Act, which was ...

Bloomberg Paul Shekoski thinks he presented a good case why the weather stations and other products his company makes in China should be spared from President Donald Trump’s tariffs. As a small-scale employer, he’s not optimistic he will win. Shekoski, chief executive of the Primex Family of Companies in Lake Geneva, Wisconsin, is among the hundreds of US companies filing ...

Bloomberg Apple Inc. told US lawmakers that its servers weren’t compromised and sought to assure them that the company’s global supply chain is secure. In a letter to the chairmen and ranking Democrats on the House and Senate Commerce committees, the Cupertino, California-based company disputed a Bloomberg report that Chinese spies used a microchip to infiltrate American computer networks. The ...

Bloomberg Venezuela’s annual inflation rate will surge to 1.37 million percent by the end of the year as the government fails to cover a widening budget shortfall by printing money, according to a report from the International Monetary Fund published on Tuesday. That estimate from the latest IMF World Economic Outlook is up from the forecast of 1 million percent ...

Bloomberg UK workers will have to wait until the end of the century to see real wages doubling if the current pace of pay growth continues, according to the Resolution Foundation. Nominal pay growth has risen by an average of 2.2 percent since 2014, about half the 4 percent pace before the financial crisis of 2008, the Resolution Foundation said ...

Bloomberg Alphabet Inc.’s Google has decided not to compete for the Pentagon’s cloud-computing contract valued at as much as $10 billion, saying the project may conflict with its corporate values. The project, known as the Joint Enterprise Defense Infrastructure cloud, or JEDI, involves transitioning massive amounts of Defense Department data to a commercially operated cloud system. Companies are due to ...

Bloomberg Royal Mail Plc broke below its initial public offering price to mark a significant political moment five years after a share sale that British lawmakers said shortchanged the public. The stock fell as much as 4.9 percent to touch a record-low 321.8 pence in early London trading, below the 330 pence at which the 500-year-old postal service was sold ...

Bloomberg Microsoft Corp. will invest an unspecified amount in Grab as the ride-hailing giant adopts the US company’s Azure as its preferred platform for cloud services. Under the five-year deal, the companies will collaborate on technologies including big data, artificial intelligence and connected car platforms. Grab counts Amazon Web Services among its existing cloud suppliers and has worked in the ...