Bloomberg President Donald Trump will declare China a “strategic competitor’’ to the US in a speech that lays out an official national security strategy heavily influenced by his views on trade and economic relations, senior administration officials said. The language, as described by the officials, appears softer than the label used by National Security Adviser H.R. McMaster, who last week ...

Bloomberg National Bank of Kuwait, the country’s largest lender, plans to hire hundreds of people and open more branches in Saudi Arabia and Egypt as it targets growth in the Middle East’s biggest markets. NBK, as the bank is known, will open in Riyadh and Dammam by the end of next year after opening its first branch in Saudi Arabia ...

Bloomberg South Korea’s goal of creating its own Goldman Sachs has stalled as big brokerages wait on approvals to raise new funds for expansion. The focus is on so-called promissory notes, short-term contracts that authorities had said brokerages might start using to raise funds to fuel their growth, as part of the government’s goal of creating a more active domestic ...