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Singapore, EU sign free trade, investment pacts

Bloomberg Singapore and the European Union (EU) signed free-trade and investment protection agreements in Brussels in a bid to improve bilateral business ties amid rising global trade conflicts. Singapore and the EU will remove tariffs, reduce technical barriers, and provide better opportunities in services and government procurement under the deals, the Singapore government said in a statement. The city-state will ...

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SoftBank lines up $9bn loan for Vision Fund

Bloomberg SoftBank Group Corp. has lined up commitments for a loan of about $9 billion for its massive Vision Fund, provided by banks including arrangers of its Japanese wireless business’s initial public offering, people with knowledge of the matter said. The IPO’s top underwriters, which include Nomura Holdings Inc. and Goldman Sachs Group Inc., are finalising terms of the loan ...

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Australian jobless rate falls to lowest in 6 years

Bloomberg Australia’s jobless rate fell to the lowest in more than six years in September as fewer people sought work, suggesting the drop is unlikely to alter the Reserve Bank’s policy outlook. While unemployment fell from 5.3 percent to 5 percent — the level estimated by the central bank to signal full employment — the workforce participation rate declined to ...

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