BLOOMBERG Japan and South Korea called on North Korea to abandon a planned rocket launch they see as breaching United Nations Security Council resolutions, following reports Pyongyang intends to put a satellite into orbit as early as this Wednesday. Japanese Prime Minister Fumio Kishida said he instructed his cabinet to gather and analyse information on North Korea’s plans. He said ...

BLOOMBERG Russia hit an airbase in western Ukraine, damaging five aircraft and the runway, and targeted the nation’s capital in the second massive rocket and drone attack in as many days. Rescue workers worked to extinguish a fire at the air base in the Khmelnytskyi region, where a fuel warehouse and military storage as well as the aircraft and runway ...

BLOOMBERG Nato-led peacekeepers beefed up their presence in northern Kosovo, where police clashed again with Serb protesters days after an uptick in violence raised fears that a conflict could reignite between the Balkan neighbours. Kosovo’s mostly ethnic-Albanian police forces used pepper spray in response to tear gas hurled by hundreds of ethnic-Serb demonstrators on Monday who tried to block access ...

BLOOMBERG Indian police forces killed at least 30 people from tribal groups identified as extremists, part of an ongoing security operation in a northeastern state bordering Myanmar that’s seen unrest over the access to affirmative action benefits. The government will not allow the disintegration of Manipur state by “armed terrorists,” Chief Minister N Biren Singh said. Security operations were still ...

BLOOMBERG The US will hold joint exercises with Coast Guards from Japan and the Philippines for the first time starting from this week amid elevated tensions with China in the region. The trilateral drills will be done off Bataan province that’s facing the South China Sea from June 1 to 7, according to a Philippine Coast Guard statement. The exercises ...

BLOOMBERG  UBS Group AG and Credit Suisse Group AG are offering a rare incentive for their wealth bankers in Asia to bring in fresh cash, underscoring the challenges the former Swiss rivals face to ensure stability as they seek to complete a government-orchestrated merger. Relationship managers at both firms will receive commissions of 15 basis points, or $0.15 for each ...

BLOOMBERG  Bank of America Corp (BofA) plans to ask about 40 bankers in Asia to look for jobs in other divisions as it looks to manage the industry-wide decline in dealmaking while trying to avoid headcount reduction. About half of these client-facing roles are based out of Hong Kong with a focus on China, and the majority of the affected ...

BLOOMBERG India has reclaimed its spot as the world’s fifth largest stock market after losing that status to France in January, as foreign investors snap up the Asian nation’s shares. India’s market capitalisation stood at $3.3 trillion, helped also by a rebound in Adani Group’s stocks after a short seller report earlier in the year sparked a heavy selloff. Meanwhile, ...

BLOOMBERG A gauge of Chinese shares traded in Hong Kong inched closer to a bear market as a wobbling economic recovery, intensifying geopolitical tensions and a weaker yuan kept investors away. The Hang Seng China Enterprises Index (HSCEI) slumped 1.3% on Monday, taking its losses from a January 27 peak to a whisker away from reaching 20%. Meituan was the ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Recep Tayyip Erdoğan on his re-election as President of the Republic of Türkiye. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...