Business & Finance Summary

In today's business and finance news, markets are experiencing mixed movements, particularly in the Asia-Pacific region, where investors are digesting Japan's trade data amid recent declines on Wall Street.

In global developments, President Trump has designated Venezuela as a 'foreign terrorist organization' and ordered a blockade of its oil tankers, impacting international oil markets. Meanwhile, the EU is considering easing its planned 2035 ban on internal combustion cars, which could affect automakers and their strategies moving forward.

On a corporate level, Meta is under scrutiny for allegedly tolerating significant ad fraud from China, revealing concerns over its revenue protection measures. Additionally, the Bank of Thailand has cut its key interest rate to the lowest since 2022 in response to a strong currency and political uncertainty, signaling a proactive approach to bolster its economy.

In a related note, retailers are retreating from mainland China due to increased competition and declining consumption, which poses challenges for businesses operating in that market. Lastly, Argentina is making strides towards returning to the bond market with a focus on adjusting its currency strategy as its economy grows less than anticipated in the third quarter, indicating ongoing economic challenges in the region.