BLOOMBERG Taiwan’s main opposition party is set to nominate New Taipei City Mayor Hou Yu-ih as its candidate for next year’s presidential election, a person familiar with the situation said, as it seeks to wrest back power in a vote crucial to US-China ties. The Kuomintang is set to formally announce Hou as its choice to represent the party in …

BLOOMBERG Global markets were mixed on Tuesday, with US stock futures trading in a tight range ahead of debt-ceiling talks. A standoff over whether to raise the federal debt limit is sidelining many investors as they wait for a breakthrough in Washington. In Europe, Vodafone Group Plc shares sank on weak earnings and Telecom Italia SpA fell after a report …

BLOOMBERG Japan is fast becoming the most favoured developed market with investors as conviction grows that a rally taking the Topix to the highest since August 1990 will accelerate. Strategists at Goldman Sachs Group Inc to Macquarie Group Ltd say the case for a bull run is solid with corporate governance reforms set to boost valuation and loose monetary policy …