Bloomberg Singapore PM Lee Hsien Loong said the team in the ruling party that will choose the country’s next premier is expected to take a “little longer” to make a decision due to the Covid-19 pandemic. The choice is expected “well before” the next general election, Lee said during a speech at a convention for his People’s Action Party (PAP). ...

Bloomberg Morgan Stanley is offering to reimburse its Hong Kong employees as much as HK$40,000 ($5,100) to compensate for quarantine costs brought on by the financial hub’s zero-Covid strategy. The one-time reimbursement will be available to all Hong Kong permanent employees when they return from a personal trip to visit immediate family members, including spouses, domestic partners, children, parents and ...

Bloomberg US banks, which have been combining at levels not seen since before the global financial crisis, are now facing the near-term hurdles of stalled approvals and the mounting opposition from Democrats in Washington. All of that is unlikely to keep the string of deals from ultimately continuing, according to analysts. Regional lenders “may tap the brakes” in their merger-and-acquisition ...