Bloomberg The US secured access to more Philippine military bases, clearing the way for a greater American presence in the Asia-Pacific region as tensions with China over Taiwan and the South China Sea persist. The announcement Thursday of a plan to designate four new locations in “strategic areas” where the US will have expanded access didn’t mention China. Instead, it ...

  Bloomberg Japan’s financial regulator is urging regional banks to raise wages for employees, people familiar with the matter said, responding to Prime Minister Fumio Kishida’s call for higher pay with inflation hitting its highest level since 1981. Officials at the nation’s Financial Services Agency (FSA) are telling regional banks — which number around 100 — that it’s important to ...

  Bloomberg Credit Suisse Group AG is weighing a plan to carve up its investment bank in China by retaining a domestic unit and shifting the overseas operation to the new CS First Boston division. The securities and wealth businesses in mainland China is likely to be kept under the Swiss lender, while Hong Kong staff focusing on offshore deals ...