Happy Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend:
Wynn Resorts Ltd. obtained a $1.5 billion credit line from Bank of China Ltd., with casino stocks under pressure amid concerns over increased government oversight in Macau and the outlook for the world’s biggest gambling hub.
Some property in parts of Australia exposed to climate change and wild weather could experience valuation declines that leave lenders with less protection in the event of a default, according to Reserve Bank research.
U.S. Steel Corp. will spend about $3 billion to build a new mill, the latest sign that steelmakers are growing more comfortable that higher prices will last.
China’s Creat Group Corp. is nearing the sale of German blood-plasma supplier Biotest AG to Grifols SA of Spain, according to people familiar with the matter.
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