Bloomberg Japan and Australia are expected to sign a new security agreement during a visit by Prime Minister Fumio Kishida to Perth on Saturday, strengthening ties between the long-time partners amid rising tensions in the Asia-Pacific region. The new plan would update a previous agreement signed in 2007 under Kishida’s predecessor Shinzo Abe and then-Australian Prime Minister John Howard, ...

  Bloomberg BNP Paribas SA has won approval to set up a wealth-management joint venture in China, adding competition to global rivals including BlackRock Inc. and Amundi SA vying for a slice of the $4 trillion market. China’s banking regulator has granted permission for the French lender’s asset-management arm to form the venture with the wealth unit of Agricultural Bank ...

Bloomberg Bank of America Corp (BofA) reported its highest quarterly net interest income (NII) in at least a decade as the lender reaps the benefits of the Federal Reserve’s interest-rate hikes, and debt traders beat analysts’ estimates. NII, a key source of revenue for the bank, rises 24% to $13.8 billion in the third quarter on higher rates and loan ...