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Bloomberg Typhoon Kammuri barrelled into the Philippines’ main island, killing at least three people, displacing half a million more and shutting its main airport. Philippine President Rodrigo Duterte canceled work in government offices in Metro Manila, while schools were closed as Kammuri battered the capital region on Tuesday. The foreign exchange and stock markets were open. About half a million ...

Bloomberg Iran for the first time acknowledged that its security forces shot and killed protesters last month during one of the most violent crackdowns on dissent since the 1979 Islamic revolution. State television on Tuesday reported that “rioters” had been shot dead in several areas as they joined anti-government protests, including in Tehran, the capital, and Mahshahr in the country’s ...

Bloomberg North Korea said it was preparing a choice of “Christmas” gifts for President Donald Trump, in the country’s latest effort to pressure the US to offer more concessions in nuclear talks before the new year. Top North Korean diplomat Ri Thae Song said in a statement Tuesday that the onus was on the US side to determine how the ...

Bloomberg The US is “likely” to bring additional charges in a case against Lev Parnas and Igor Fruman, associates of Rudy Giuliani who are accused of skirting campaign contribution limits as part of a plot to oust the American ambassador to Ukraine, a prosecutor said. The comment was made at an hour-long court hearing in Manhattan. Responding to a question ...

Bloomberg Backing for the nationalist Sweden Democrats surged in yet another poll, confirming that the party is now a contender to become the largest political force in the country. Some 22.6% of Swedes would vote for the Sweden Democrats if an election was held today, according to the bi-annual poll by the country’s statistics agency. That’s up from 17.1% in ...

Bloomberg After five years of negative rates imposed by the European Central Bank (ECB), German lenders are breaking the last taboo: Charging retail clients for their savings starting with very first euro in the their accounts. While many banks have been passing on negative rates to retail clients for some time, they have typically only done so for deposits of ...

Bloomberg The Bank of Thailand said it has many tools left to manage capital inflows to curb the local currency’s strength, which is hurting growth prospects in the Southeast Asian economy. The scope and speed of the baht’s appreciation is out of line with economic fundamentals such as the current-account surplus, Don Nakornthab, a senior director in the central bank’s ...

Bloomberg The World Bank sees Tanzania’s economic growth accelerating to 5.6% this year from an estimated 5.4% in 2018, driven by a recovery in exports and growing tourist arrivals. The rate of expansion will also quicken to 5.8% in 2020 and 6.1% in the following year, it said in a report published on Tuesday. “Tanzania was again one of the ...

Bloomberg UniCredit SpA’s plan to eliminate 8,000 jobs is pushing cuts announced by banks this year past 73,000, almost all of them in Europe, where negative interest rates and a slowing economy force lenders to slash costs. Chief Executive Officer Jean Pierre Mustier announced the measures as part of the next, four-year chapter in his overhaul of Italy’s largest bank. ...

Bloomberg HDFC Bank Ltd, India’s most valuable lender by market capitalisation, sees tentative signs of a revival in rural areas at a time when the wider economy is sputtering. “The recent loan outreach programmes underway in rural areas have given us the sense that the consumption in rural and semi-urban areas is turning more positive,” HDFC Bank Executive Director Kaizad ...