Bloomberg South Korea said its economic growth faces prolonged downside risks as uncertainty surrounding external conditions grow more than expected. Yoon Jong-won, the presidential secretary for economic affairs, said the downward period is becoming more prolonged, reversing comments he made in May that growth was expected to improve “significantly” in the second quarter. Yoon said the uncertainties worsened more than ...

Bloomberg President Rodrigo Duterte has ordered the arrest of those involved in a dialysis treatment scam that defrauded Philippine Health Insurance Corp, and plans a revamp of the state-run insurer for losing more than $2.89 billion from fictitious claims and abuse. “I will really go after this” and “I am ordering the National Bureau of Investigation” to take over, invite ...

Bloomberg Blackstone Group LP plans to pool 6 billion euros ($6.8 billion) of its smaller European warehouse investments in a new company that will ultimately be publicly listed or sold. The private-equity giant is in the process of hiring an executive to run the company, which will manage its holdings of logistics properties close to towns and cities, according to ...