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- Conservative Keiko Fujimori is poised to become Peru’s next president after running her fourth consecutive campaign, according to figures published by the elections regulator after weeks of adjudicating disputed ballots
- Electronics manufacturer Luxshare Precision Industry has started gauging interest for a Hong Kong listing that may raise about $3 billion, sources say, moving toward what could be one of the city’s biggest deals this year
- In today’s Markets Daily India, we look at how the RBI rules on bank’s foreign deposits may spur dollar flows, the threat to rural demand, and the central bank’s bond purchases.
- Grupo Antolin-Irausa has entered into an agreement with some creditors to restructure more than $1.1 billion of debt, a deal that gives the Spanish auto-parts maker more runway and helps improve liquidity
- Mark Zuckerberg is betting that an Indian fintech founder can succeed where others have failed and turn WhatsApp into a super app, writes @andymukherjee70 (via @opinion)
- South Korea’s central bank reinforced its hawkish shift, saying higher interest rates will be needed at an appropriate time as rising home prices, household debt and leveraged investment threaten to stoke financial imbalances
- China’s central bank has set the daily guidance rate for the yuan weaker for a fourth straight session, showing flexibility in the currency management to the US dollar’s advance
- Malaysia will intensify measures to encourage foreign-exchange inflows, including efforts to boost the repatriation and conversion of companies’ overseas earnings, the central bank said
- The Bank of Japan signaled the need for further increases to the benchmark interest rate in a summary of opinions from a last week’s board meeting, when authorities raised the policy rate to the highest since 1995
- Sanrio shares briefly jumped the most since February after the Japanese Hello Kitty owner forecast full-year operating profit above analyst estimates
- Australia’s core inflation remained above the top of the Reserve Bank’s target in May, reinforcing expectations policymakers will maintain a hawkish stance on interest rates
- North Korea has commissioned its first 5,000-ton class destroyer as leader Kim Jong Un vowed to build more ships up to twice that size and equip the navy with nuclear weapons
