Most Asian stocks fell, with the regional benchmark index posting its biggest weekly drop since August, as improving U.S. economic data fueled speculation the Federal Reserve may bring forward stimulus cuts.
Shanghai ordered vehicles off the road and factories to cut production after pollution reached hazardous levels, as Hong Kong announced plans to introduce an air quality index that assesses health risks from smog.
Standard Chartered Plc said wealthy clients’ confidential information was stolen in Singapore from a printing company, underscoring the vulnerability of global banks to attacks from hackers and thieves.
CME Group Inc. is in the final stages of talks with the Bank of England to start a new European exchange and is confident it will be allowed to offer currency futures, according to its chief executive.
Royal Philips NV’s dispute with Funai Electric Co. over the botched sale of its Lifestyle Entertainment multimedia-products unit intensified after the Japanese competitor filed a counterclaim in arbitration court.
The dollar strengthened against most major peers before U.S. employment data. Japanese bonds fell and the yen weakened while stocks rose after an advisory panel said the nation’s pension fund needs to cut debt holdings.