Bloomberg Negotiations between Asean countries and China over a Code of Conduct for the South China Sea will resume no later than November, Philippines Foreign Affairs Secretary Teodoro Locsin said during a virtual meeting of the Association of Southeast Asian Nations. The talks come as territorial tensions in the sea are on the rise with countries such as Vietnam pushing ...

Bloomberg Thailand’s outgoing central bank governor said public debt restrictions should be eased to allow the government to spend more as monetary policy options dwindle with interest rates already at an all-time low. Given the severity of the pandemic-driven downturn, Governor Veerathai Santiprabhob said his “personal view is that the 60% public debt-to-GDP limit can be relaxed.” The limit was ...

Bloomberg Spain’s Banco de Sabadell SA is exploring strategic options as consolidation talks take hold in Europe’s fragmented banking markets. The lender, based in Alicante, has been working with Goldman Sachs Group Inc. in recent months on options including a sale or merger, asset disposals or buying a smaller competitor. The bank is looking at deals that would allow it ...