Bloomberg Philippine President Rodrigo Duterte said $975 million will not be enough to rebuild the southern city of Marawi, citing massive damage caused by the conflict between government troops and IS-linked militants that’s been running for almost four months. Duterte also said he wants the budget that was slashed from the Commission on Human Rights to be spent instead on ...

Bloomberg Toshiba Corp. is aiming to finalise a deal to sell its memory chips business to a group led by Bain Capital at a September 20 board meeting, despite opposition from partner Western Digital Corp., according to people familiar with the matter. Toshiba’s effort faces resistance because the Bain group now includes several Western Digital competitors, including Seagate Technology Plc, ...

Bloomberg Rising gold prices and government measures to enforce compliance in the Indian jewellery industry are deadening demand in the world’s second-largest bullion market at the start of the traditional festival season when buying usually explodes. “If you ask me, I wouldn’t purchase gold even if it was Diwali,” Prathamesh Mallya, chief analyst at Angel Commodities Broking, said, referring to ...