Bloomberg China has started the process of potentially merging its two biggest brokerage firms to create a company that can better compete with the global investment banks as the country opens up its financial markets, according to people familiar with the matter. Citic Securities Co and CSC Financial Co, along with their government shareholders Citic Group and Central Huijin Investment ...

Bloomberg The Philippines is allowing health workers with existing overseas contracts to leave, relaxing an order earlier this month to keep them in the country to reinforce the healthcare system amid the pandemic. Future applications for healthcare jobs abroad are “frozen until further notice,” Foreign Affairs Secretary Teodoro Locsin, who called the ban unconstitutional, said. President Rodrigo Duterte said that ...

Bloomberg A researcher at China’s biggest oil company said the country’s drillers should copy the hedging strategies of Mexico and shale firms in the US, which use financial derivatives to protect against falling oil prices. Most of China’s oil production is unhedged, leaving the stability of the sector exposed to global market fluctuations, according to Dai Jiaquan, director of the ...