Bloomberg A year ago, South Korean President Moon Jae-in was preparing to host Kim Jong-un on the southern side of their fortified border — a historic high-water mark that fuelled talk of a Nobel Peace Prize. Now, he’s heading back to Washington, hoping a direct appeal to US President Donald Trump can keep all that from slipping away. The South ...

Bloomberg The US sent a fighter-jet-carrying warship to join drills near the disputed Scarborough Shoal for the first time, sending a pointed message to China as tensions simmer over territorial claims in the region. The USS Wasp — an amphibious assault ship outfitted last year with F-35B jets — joined the annual Exercise Balikatan with the Philippines this month. A ...

Bloomberg Britain’s exit from the European Union looks set to be delayed by as long as a year in a blow for Theresa May that risks a destabilising backlash at home. European Council President Donald Tusk rejected May’s request for a brief postponement to the UK’s membership, saying it would create a “rolling series of short extensions and emergency summits, ...

Bloomberg As Nicolas Maduro steps up his search for cash overseas, another door is slamming shut. The International Monetary Fund suspended the Venezuelan leader’s access to almost $400 million of special drawing rights (SDR), citing political chaos since National Assembly President Juan Guaido claimed in January that he was the nation’s rightful leader, said two people familiar with the matter. ...

Bloomberg Russia’s Investigative Committee has requested that Baring Vostok Capital Partners founder Michael Calvey be moved to house arrest after two months in a Moscow jail in a closely watched case that’s shocked investors. Calvey’s next hearing is scheduled for Thursday in Moscow, when the Investigative Committee’s petition will be presented, court spokeswoman Yunona Tsareva said. Three other defendants linked ...

Bloomberg US stocks edged higher, while Treasuries advanced as investors weighed key developments that continue to raise doubts about the strength of the global economy. The S&P 500 clung to a slight gain as an unexpectedly soft inflation reading potentially boosted the Federal Reserve’s new wait-and-see approach to rate hikes. Minutes from the central bank’s last policy meeting when it ...

Bloomberg The bar is high for Asia’s most-popular destination of 2019 for overseas money even if Prime Minister Narendra Modi wins a second term in elections starting from Thursday. A survey of 21 global funds and strategists show most expect him to return, an outcome that may be baked into asset prices. With valuations already high, the disappointment if he ...

Bloomberg Senate Banking Chairman Mike Crapo said that he thinks the Federal Reserve should cut interest rates to boost growth, aligning him with President Donald Trump and his latest choices for the Fed board, Stephen Moore and Herman Cain. “I personally think that we’re at a point where they could be reduced a little bit now,” the Idaho Republican said. ...

Bloomberg UBS Group AG investors should reject the firm’s compensation report, shareholder adviser Glass Lewis said, citing high fines in a legal dispute and the generally lackluster performance of the bank’s shares. UBS had proposed a pay package that included 14.1 million francs ($14 million) in compensation for Chief Executive Officer Sergio Ermotti for last year. While that’s down slightly ...

Bloomberg Deutsche Bank AG came last in a ranking of European and US investment banks compiled by JPMorgan Chase & Co. because of ongoing concerns about trading revenue. Analysts led by Kian Abouhossein cut their forecasts for Deutsche Bank “mainly on lower trading revenue” as European lenders are set to report a weaker first quarter than their US counterparts, the ...