Bloomberg Top News

Asia’s manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand.

The yen advanced to a six-month high versus the dollar as Japan’s decision to raise its bond-yield cap last month stoked bets the nation may tighten policy even more.

China’s economy ended the year in a major slump as business and consumer spending plunged in December, with more disruption likely in the first few months of the year as Covid infections surge across the country.

South Korea’s antitrust watchdog will levy a fine of 2.8 billion won ($2.2 million) on Tesla Inc. for alleged violations of the nation’s advertisement law, dealing a setback to the US carmaker that’s seeking to expand its presence in the Asian country.

China’s order for cross-border brokers to rectify their mainland business will likely erode customer base at Futu Holdings Ltd. and lead to negative market sentiment, analysts said.

Singapore’s recovery held up in 2022, with a relatively strong year-end performance shoring up the economy ahead of an expected global slowdown this year.

Space Exploration Technologies Corp. is raising $750 million in new fundraising, which values the company at $137 billion, CNBC reported, citing correspondence it obtained.

China Evergrande Group vowed to repay debt in 2023 after delaying announcements of a much-anticipated restructuring plan again.

Singapore home prices grew at a slower pace in the fourth quarter as buyers were pinched by surging borrowing costs.

The US is in discussions with South Korea on ways to deter Kim Jong Un’s regime from using nuclear weapons, according to a spokesperson for the National Security Council.