Your Evening Briefing
The evening briefing will soon be available in your inbox every day. To be among the first to get it, sign up here.
Hear that? That's the sound of the glass ceiling shattering in Thailand, where women rule finance and men think banking is boring. Case in point: so many women apply for senior positions at Thailand's biggest lender that Kasikornbank's co-president Kattiya Indaravijaya wonders just where the men are. "It’s not that they didn’t pass the screening process," she says. "They didn’t apply." Elsewhere, the glass ceiling is very much intact. Japan, in particular, has the lowest proportion of women on finance companies' boards and executive committees, and is also suffering from a gnawing pay gap that widens as women enter their peak earning years.—Kristine Servando
There's no housing bubble in Australia, according to the chief executives of three of the nation's biggest banks, despite soaring property prices in Melbourne and Sydney. The rapid price growth, at a time of anemic pay increases, has made housing affordability a hot-button political issue. But the bank chiefs deny prices are over-inflated.
Kim Jong Un is stirring up tensions in Asia. After murder in Malaysia, protests in China and missiles sent flying toward Japan, the question for Donald Trump and China's President Xi Jinping is how to respond, seeing as sanctions, cajoling and military pressure have all failed to rein in the North Korean leader.
Asia's top performing currency may hit rough waters. South Korea's won has so far managed to shrug off tensions on the peninsula, gaining 5.6 percent this year. But the calm may not last. Heightened geopolitical risk and punitive action by China over the Thaad missile-defense system could turn investors against the currency, according to Goldman Sachs.
Myanmar's crash course in capitalism. Having emerged from military rule, Myanmar is growing at breakneck speed. The World Bank forecasts expansion of about 7 percent a year through 2019. Foreign investment reached a record $9.4 billion in the year ending March 2016, compared with $2 billion five years earlier. But some observers wonder whether Aung San Suu Kyi and her political party are up to the task of managing the $63 billion economy.
Welcome to Trump's private club. The Mar-a-Lago retreat in Florida, with its $200,000 entry fee, is now recognized around the world for being Trump's go-to place for golf with world leaders or weekend retreats with his closest aides. But even before he took office, the resort he acquired in 1985 already stood out from other Palm Beach playgrounds. Here's a look at Mar-a-Lago's luxurious and sometimes lawsuit-studded history.
How the euro could break up—or be saved. We take a look at three scenarios that could lead to the death of the single currency and three that could see it emerging from the wave of populism in even stronger shape. And we ask experts how likely each scenario is.
Is wagyu the world's most overrated steak? The meat from Japan is often held up as the best beef in the world — so soft that steak knives are optional. Its marbled fat dissolves into a buttery flavor so rich it could retire to Florida. So why does this butcher and cookbook author hate it so?
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.