Bloomberg Shares of Sanrio Co, the brainchild behind the Hello Kitty franchise, surged in Tokyo after the company signed a licensing deal with a unit of Alibaba Group Holding Ltd that will expand its reach in China. Shares rose as much as 15%, the biggest intraday gain in more than a decade, on trading volume more than five times ...

Bloomberg China urged Nato to abandon what it called a Cold War mentality after the military alliance said the Asian nation poses systemic challenges to security. Nato’s so-called Strategic Concept, a document on policy guidelines adopted at an alliance summit in Madrid on Wednesday, is “filled with Cold War thinking and ideological bias” and is “maliciously attacking and smearing China,” ...

  Bloomberg President Joe Biden said he told Turkish President Recep Tayyip Erdogan that he supported the sale of F-16 jets to modernise Turkey’s air force. “We should sell them the F-16 jets and modernize those jets as well,” Biden said at the conclusion of a Nato summit in Madrid on Thursday. “It’s not in our interest not to do ...

  Bloomberg Russia confirmed it withdrew troops from Ukraine’s Snake Island in the Black Sea after the Ukrainian military said it had driven them out under massive attack. The Defense Ministry in Moscow called the decision a gesture aimed at easing grain shipments from Ukraine, but a top official in Kyiv dismissed that claim. There was no sign of a ...

Bloomberg Ferdinand Marcos Jr., the late Philippine dictator’s son and namesake, was to be officially sworn in as president on Thursday, completing his family’s political revival nearly four decades after his father’s ouster. Marcos met with President Rodrigo Duterte at the presidential palace, where the outgoing leader was also given departure honors. The incoming president will take the oath of ...

Bloomberg Prime Minister Narendra Modi’s Bharatiya Janata Party will share power to govern India’s richest state of Maharashtra, a senior party member said, a day after the chief minister resigned following a rebellion by lawmakers of his own party. More than half the legislators of Uddhav Thackeray’s right-wing Shiv Sena have exited his ruling coalition claiming he has deviated from ...

  Bloomberg Russian hacker group Killnet targeted a string of Norwegian public service websites in the latest digital salvo against Nato member countries. Norway’s National Security Authority has been assisting a series of organizations in dealing with targeted cyber attacks from an alleged pro-Russian group, Director General Sofie Nystrom said. Some websites experienced instability or disruption, but there are currently ...

  Bloomberg The Reserve Bank of India (RBI) is fighting on several fronts to slow the rupee’s decline to fresh records, with little respite in sight. The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency. Strategists say that the pressure will continue amid shrinking interest rate ...

Bloomberg At least three people involved in credit trading are leaving Standard Chartered (StanChart) amid a property debt crisis in China and an unprecedented selloff in fixed income globally. Duncan Robinson, global head of credit flow trading, is leaving the firm, according to people familiar with the matter, who asked not to be identified as they are not authorized to ...

Bloomberg China plans to extend the yuan’s trading hours as it seeks to increase global investor participation in onshore currency trading as part of its internationalisation push. Regulators led by the People’s Bank of China have told some banks to prepare for an extension of onshore yuan trading hours, according to people familiar with the matter, who asked not to ...