Bloomberg Oversea-Chinese Banking Corp.’s (OCBC) profit fell more than analysts anticipated in the second quarter as it joined its Singapore peers in setting aside higher provisions for loan losses during pandemic. Net income dropped 40% from a year earlier to $533 million in the three months ended June 30, Southeast Asia’s second-largest bank by assets said. That missed the S$930 …

Bloomberg European stocks and US equity futures were little changed after China said it would sanction American officials in retaliation over Hong Kong. Stocks pulled back from earlier gains, but losses in the Stoxx Europe 600 Index were limited by rallies in Spanish bank shares. Oil advanced after Saudi Aramco said demand will continue to improve. Treasuries and the dollar …

Bloomberg Tencent Holdings Ltd. added to Friday’s sharp decline to start the week, putting the stock’s two-day loss of market value at $66 billion following America’s move to ban residents from doing business with the company’s WeChat app. The stock falls 4.8% on Monday and nearly reached Friday’s low. The cumulative 9.6% drop, the worst two days since October 2011, …