Bloomberg Hong Kong faces the likelihood of rising borrowing costs after the city’s de facto central bank intervened to defend its currency peg for the first time since August. The Hong Kong Monetary Authority bought HK$1.51 billion ($192 million) of local dollars during London and New York trading hours after the currency fell to the weak end of its trading ...

Bloomberg Japan’s machine tool orders fell 29 percent in February from a year earlier, the biggest drop since October 2009, adding to signals that a global slowdown is hitting the world’s third-largest economy. While the gauge is volatile, the latest drop is the fifth straight and marks an acceleration in the decline, according to data from the Japan Machine Tool ...

Bloomberg The Philippines is facing further budget delays that threaten to cut growth and stall infrastructure projects as lawmakers continue to fight over their share in the spending plan. Approval of the 3.76-trillion peso ($71.9 billion) budget may be delayed to August, Senate President Vicente Sotto said. He threatened to block its transmittal to President Rodrigo Duterte for final approval ...