Nexperia Holding BV, the Dutch unit of Shanghai-listed Wingtech Technology Co. caught in the US-China semiconductor dispute, is looking to raise as much as $1 billion in a 5-year loan, according to people familiar with the deal.
San Miguel Corp., the biggest Philippine company by revenue, is in talks with at least 10 banks for a $2 billion loan as it looks to refinance a similar-sized facility maturing in December next year, according to three people familiar with the matter.
President Joe Biden travels to Israel with tensions high after an explosion at a Gaza hospital killed hundreds of people. Oil rallied following the blast and Arab leaders canceled a planned summit with Biden on Wednesday, complicating his push to contain a conflict that threatens to engulf the region.
China has approved dozens of genetically modified corn and soybean seed varieties for planting, in a breakthrough move that could eventually boost production and reduce dependence on foreign supplies.
BYD Co. shares jumped the most in more than nine months in Hong Kong trading after China’s biggest electric car maker posted record preliminary third-quarter earnings.
Vanguard Group Inc. unloaded its 49% stake in a robo-advisory joint venture with Jack Ma-backed Ant Group Co., accelerating its exit from China’s 29 trillion yuan ($4 trillion) mutual fund market.
Chinese property stocks are on track for a 14-year low, as stress in the sector continues to rise amid slumping home sales and deepening debt woes for major developers.
Citadel Securities and a trade group sued the Securities and Exchange Commission on Tuesday over changes the regulator is making to how trading data are reported and paid for in the markets.
Singapore’s financial regulator will conduct an on-site inspection of Credit Suisse Group AG after at least one of its customers was charged for money laundering in a scandal that has rocked the city-state.
Carl Icahn criticized short sellers on Tuesday, months after his firm became the target of one.
