Bloomberg Indonesian online travel company Tiket.com is exploring going public through a merger with a special purpose acquisition company (SPAC) as it seeks to expand its business, according to people with knowledge of the matter. The startup is in talks with COVA Acquisition Corp for a deal that would value the combined entity at about $2 billion, according to the ...

Bloomberg President Joe Biden is looking to build on a denuclearisation agreement Donald Trump reached with North Korea, a move likely to be welcomed by South Korea, which has seen it as a starting point for disarmament discussions. Kurt Campbell, Biden’s Asia coordinator, made the administration’s first on-record comments that it would accede to the agreement struck in 2018 between ...

Bloomberg Global banks are losing share in the $186 billion lending market for Chinese borrowers offshore, falling behind local rivals boosting their presence just as the nation’s corporate sector recovers from the pandemic. Their portion of such lending has steadily dropped over the past decade, hitting 37% so far this year to May 17, well below the 11-year average of ...