Bloomberg United Overseas Bank Ltd (UOB) is betting Southeast Asia will shield it from the escalating trade war between the US and China, distancing itself from the approach of its two main rivals that have expanded their focus to Hong Kong and the mainland. “Asean will become a safe haven,” Chief Executive Officer Wee Ee Cheong said in an interview …

Bloomberg The biggest trading houses on Wall Street are warning of a slump. Citigroup Inc. said trading revenue has declined so far this quarter while Bank of America Corp. indicated revenue is on pace to be about 10 percent lower. They joined JPMorgan Chase & Co. in reporting a downturn for the business. A burgeoning trade war, the UK’s planned …

Bloomberg AirAsia Group Bhd, Southeast Asia’s largest budget carrier, wants to sell more than cheap flight tickets. AirAsia is talking to potential partners to build an e-commerce app that it wants to see overtake the size of its airline business, Group Deputy Chief Executive Aireen Omar said in an interview. The carrier, which is seen getting about 1 billion ringgit …