Bloomberg Japan and the US would have to defend Taiwan together in the event of a major problem, Kyodo News reported Deputy Prime Minister Taro Aso as saying, marking some of the highest-level remarks from Tokyo on the sensitive subject. In comments at a political fundraising party in Tokyo, Aso said an invasion of Taiwan by China could be seen ...

Bloomberg China’s President Xi Jinping warned against politicising the pandemic in a speech to a summit of political organisations from around the world that sought to show the ruling communist party’s broad foreign support. “The achievements of the Chinese Communist Party cannot be separated from the support of people around the world,” Xi told the online gathering of representatives from ...

Bloomberg South Africa’s ruling African National Congress distanced itself from former President Jacob Zuma’s attempt to discredit the Constitutional Court after it found him guilty of contempt, and slated threats by his supporters to block the authorities from arresting him. All South Africans have a responsibility to respect and observe the law, and the judiciary and law-enforcement agencies need to ...

Bloomberg Credit Suisse Group AG said it’s planning to introduce a work model that gives the bank employees in Switzerland “maximum flexibility,” joining global peers in making remote working arrangements more permanent. The approximately 13,000 employees of the universal bank in Switzerland will, depending on their role, be able to decide with their teams and line managers how much of ...

Bloomberg Nomura Holdings Inc has suspended coverage of dozens of companies following the departure of two highly ranked stock analysts in Tokyo, at a time when Japan’s biggest brokerage is seeking to reinforce research as part of its broader growth plans. Junko Yamamura and Yoshitaka Nagao, who covered leisure and amusement sector, and broadcasting and advertising industry, respectively, are no ...

Bloomberg The Bank of England (BOE) may cut the amount of miles staff can travel by air to hit increasingly stringent environmental targets. Sarah Breeden, the central bank’s executive sponsor for climate change, said that policy makers could be encouraged to swap overseas trips for virtual meetings even when pandemic restrictions ease. The UK central bank hit its climate target ...

Bloomberg New Zealand’s currency and short-dated bond yields surged after an upbeat business survey drove traders to bring forward rate-hike expectations, with markets now pricing a total unwind of pandemic-fuelled rate cuts by the end of 2022. The kiwi jumped 1.1%, while the benchmark 2024 bond yields gained as much as nine basis points on Tuesday to hit the highest ...

Bloomberg Goldman Sachs Group Inc is preparing to move its Japan headquarters into a new tower being built in Tokyo as the Wall Street firm adapts to office life after the pandemic. The US investment bank plans to relocate from the landmark Roppongi Hills complex owned by Mori Building Co into the developer’s tentatively named Toranomon Hills Station Tower sometime ...

Bloomberg Australia’s central bank (RBA) took the first steps towards dialing back its emergency stimulus for an economy that’s exceeded expectations, even as Governor Philip Lowe warned persistently weak inflation would likely see him trail global counterparts in raising interest rates. The Reserve Bank opted against extending its yield-target horizon beyond April 2024 and scaled back purchases of longer-dated bonds ...

Bloomberg Didi Global Inc plunged in premarket trading after a Chinese regulator ordered the removal of the company’s platform from app stores, days after a $4.4 billion initial public offering (IPOs) in the US. Shares of the China-based tech firm fell as much as 30% to $10.90, taking them below the $14 IPO price. They traded at $11.90 as of ...