Bloomberg Taiwan detained three active-duty officers and a retired Air Force officer suspected of spying for China, the Central News Agency (CNA) in Taipei reported, a case that hints at the extent of Beijing’s snooping on its much smaller neighbour. The former officer left the military in 2013 and started doing business in China, where he was recruited to ...

  Bloomberg Vietnam dismissed two deputy prime ministers — the most senior officials to be relieved of duties since 2017 — amid lengthy investigations driven by a campaign to clean up corruption and protect the Communist Party’s legitimacy. The National Assembly voted to dismiss Deputy PM Vu Duc Dam from office during a four-day special session that began on Thursday. ...

Bloomberg Credit Suisse Group AG is paying up to raise billions of dollars in the US and UK as the troubled lender relies on attractive terms to keep funding plans in place. The embattled Swiss lender’s New York branch sold $3.75 billion of two-year and five-year notes to yield 370 basis points over Treasuries, according to a person with knowledge ...

  Bloomberg Canadian Imperial Bank of Commerce (CIBC) plans to set aside C$850 million ($628 million) to cover damages in a lawsuit with Cerberus Capital Management LP that it’s still fighting. The after-tax provision will reduce the bank’s Common Equity Tier 1 capital ratio by about 30 basis points, the Toronto-based bank said. CIBC reiterated that it plans to appeal ...

  Bloomberg Bank of Montreal’s (BMO) capital-markets unit was the top arranger of initial public offerings (IPOs) in Canada in 2022, eking out two significant deals in a year when plunging equity prices all but froze the market for companies seeking to sell shares for the first time. Canadian companies undertook 112 IPOs with a total value of C$1.82 billion ...

Bloomberg The strong appetite for Southeast Asia stocks seen over the past year is starting to ebb as the reopening of China draws global funds to cheaper northern markets. An analysis of Asian mutual fund positions in November by HSBC Holdings Plc showed they cut exposure to the biggest overweight markets of Indonesia and Singapore, while increasing allocations to Taiwan ...

  Bloomberg US equity futures edged higher and European shares were steady as investors awaited data on the labor market after cautious commentary from the Federal Reserve’s last meeting. Oil snapped a two-day drop. Contracts on the S&P 500 rise 0.2% and those on the tech-heavy Nasdaq 100 were up 0.3%, as Amazon.com Inc rose in premarket trading after saying ...

  Dubai / WAM dnata, a leading global air and travel services provider, has broken ground on its new, 20,000 m2 cargo warehouse which will add significant expansion to its operations at Erbil International Airport (EBL). The facility represents an investment of $14 million and will create up to 50 additional, direct jobs with dnata in Iraq. The foundation stone ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Muhammad Shehbaz Sharif, Prime Minister of the friendly Islamic Republic of Pakistan. During the call, the two leaders reiterated their mutual commitment to further develop bilateral ties between Pakistan and the UAE and reviewed a number of regional and international issues ...

Abu Dhabi / WAM The bilateral trade between Pakistan and the United Arab Emirates is expected to grow double from the $10.6 billion volume achieved in 2021-2022, Pakistan’s top diplomat in the UAE said. The last calendar year recorded a $10.6 billion in trade “the highest volume Pakistan had in the Middle East and North Africa (Mena) region,” he added. ...