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Bloomberg Shares of Unicom Group’s key units in Shanghai and Hong Kong rose after China’s second-largest wireless carrier announced a $11.7 billion stock sale as part of a government push to draw private capital into its state-owned enterprises. China United Network Communications Ltd., which has been suspended from trading since April, climbed by the 10 percent daily limit to 8.22 ...

Bloomberg Thailand’s economy grew at the fastest pace in more than four years, led by a surge in farming output and tourism. Gross domestic product rose 3.7 percent in the second quarter from a year ago after expanding 3.3 percent in the first quarter, the National Economic and Social Development Board said on Monday. The median estimate of 21 economists ...

Bloomberg Infosys Ltd. begins the search for a new chief executive officer this week with a tough set of requirements for any candidate: The person must be capable of leading a 200,000 employee organisation, willing to tackle sweeping changes in the outsourcing industry and brave enough to drop in the middle of open warfare between the company’s board and co-founders. ...

Bloomberg An unexplained share surge for developer China Evergrande Group on Monday saw the company blow past China Vanke Co. to reclaim the title of biggest Hong Kong-listed Chinese developer by market capitalisation. On a day when positive news for the industry included China Overseas Land & Investment Ltd. upgrading its sales target and Sunac China Holdings Ltd. predicting a ...

Bloomberg Ten sailors are missing and five were injured after a US warship collided with a petroleum tanker near Singapore on Monday, the second crash involving an American naval vessel in Asia in a matter of months. Search-and-rescue efforts are underway after the USS John S. McCain collided with the Alnic MC, the US Navy said. The US Seventh Fleet ...

Bloomberg Nigerian President Muhammadu Buhari vowed to step up the fight against the extremists and proponents of secession in his first speech after returning from three months of sick leave in London. Nigeria’s national unity is “not negotiable,” Buhari, 74, said Monday in a nationally televised address. “Terrorists and criminals must be fought and destroyed relentlessly so that the majority ...

BERLIN / Reuters German Chancellor Angela Merkel criticised Turkey’s use of an Interpol arrest warrant to detain a German writer in Spain, telling an election town hall event on Sunday that this amounted to abuse of the international police agency. Dogan Akhanli was stopped in Spain on Saturday after Ankara issued a “red notice”. The German-Turkish writer was released on ...

Bloomberg Turkey sees a real risk that Iraqi Kurds will press ahead with an independence referendum, according to an adviser to the president, a move that would defy almost unanimous opposition among neighboring states and surprise the many observers who foresee a deal with Baghdad emerging. The semi-autonomous area in the north of Iraq might create “de facto” sovereignty by ...

Bloomberg South Korean President Moon Jae-in warned North Korea not to use his nation’s latest round of annual military drills with the US as an excuse for any further provocations. The drills “are not aimed at raising military tensions on the Korean peninsula at all,” Moon said in a Cabinet meeting on Monday. “North Korea should never distort our efforts ...

Bloomberg As summer draws to a close, the European Union will seek to tick off a number of boxes from the top of its to-do list, leveraging its new-found political capital following the ascent of pro-EU leaders on the continent. Brussels will have its hands full as negotiations ramp up with the UK on its impending exit from the 28-nation ...