Bloomberg Asian emerging market currencies have been having their best year since before the 2013 taper tantrum, bolstered by pace-setting growth rates and attractive yields. But the Philippine peso has been left out of the party—ironically after it held up better than peers including Indonesia’s rupiah back in 2013. Unless things change, it’ll be a fifth straight year of declines …

BAGHDAD / ERBIL / Reuters Iraqi security forces launched an offensive to take back the city of Tal Afar on Sunday, their next objective in the US-backed campaign to defeat IS militants, Prime Minister Haider al-Abadi said. “You either surrender, or die,” Abadi said in a televised speech announcing the offensive, addressing the militants. A longtime stronghold of hardline Sunni …

Bloomberg Finnish police are investigating an attack on Friday as an act of terror after a young Moroccan man fatally stabbed two people and wounded six others in a town west of the capital Helsinki. The suspect, an 18-year-old who came to Finland as an asylum seeker last year, has so far refused to answer questions relating to the attack, …