Bloomberg Standard Chartered Plc is considering options for its Islamic banking unit in Malaysia, including a potential sale, people with knowledge of the matter said. The London-based lender has been gauging interest from potential buyers for the business, known as Standard Chartered Saadiq Bhd, according to the people. It is weighing an exit from Malaysia’s Islamic banking market as fierce ...

Bloomberg The Philippines central bank left its benchmark interest rate unchanged for a second straight policy meeting, while cutting inflation forecasts for this year and next. The overnight reverse repurchase rate was held at 4.75 percent, Bangko Sentral ng Pilipinas said in a statement in Manila. The decision was in line with the forecasts of all 22 economists surveyed by ...

Bloomberg Boeing Co is joining with Aerion Corp, a startup founded by Texas billionaire Robert Bass, to help build a supersonic business jet that would cut trans-Atlantic flight times by three hours. The US aerospace giant will make a “significant investment” in Aerion to accelerate design and development, according to a statement. Boeing will replace Lockheed Martin Corp., which had ...