Japan, Mercosur to start EPA trade talks, Kyodo says

Xiaomi Q1 revenue falls 11% to $14.6B, first decline in 3 years; net income drops 57% to $695M amid memory price surge (Bloomberg)

Xiaomi reports Q1 revenue down 11% YoY to approximately $14.6 billion, its first quarterly decline in three years, and net income down 57% to $695 million amid a global memory price jump.

China's crackdown on cross-border trading sends shares of popular brokers plunging.

China's crackdown on cross-border trading caused shares of popular brokerages to plunge.

China cuts one-year policy loan rate to record low as Beijing ramps up support for slowing economy

China lowered the interest rate on a one-year policy loan to banks to a record low, signaling Beijing is intensifying efforts to support a slowing economy.

At least four killed, 16 missing after nine-story building collapse in Angeles, Philippines. Search and rescue operations underway.

Relatives of a construction worker gathered outside a funeral home in Angeles, Philippines, to mourn his death after a nine-story building collapse killed at least four people and left 16 people missing.