THE WON rose sharply on Wednesday on signs of easing in Japan’s curbs on exports to South Korea, while other Asian currencies strengthened against a defensive dollar ahead of a symposium of global central bankers.

OVERSEA-CHINESE Banking Corp. (OCBC) is in talks with companies including Singapore Telecommunications Ltd. about seeking one of the city-state’s planned virtual bank licenses, according to people familiar with the matter.

SHANGHAI — In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build their defenses against currency volatility.

THE US ECONOMY doesn’t appear to be headed toward a recession, Federal Reserve Bank of San Francisco President Mary Daly said.

THE PESO will likely end on a weaker note today after the release of the minutes of the US Federal Reserve’s July policy meeting.

THE PESO moved sideways on Tuesday after the US government granted a 90-day extension for Chinese telecommunications firm Huawei Technologies Co., Ltd. to buy US-made components to service its existing customers.

FEDERAL RESERVE Bank of Boston President Eric Rosengren continued to push back against further interest-rate cuts by the central bank, arguing he’s not convinced that slowing trade and global growth will significantly dent the US economy.

VALEO SA used to be a stock-market darling until a slowdown in China and changing rules on emissions hammered the shares and hit its credit rating. Yet you wouldn’t know it looking at the debt market where the yield on a Valeo bond due in 2022 slipped below zero last month.

THE SOCIAL Security System (SSS) has released benefits and pensions worth P95.71 billion in the first six months to its 3.19 million members, with the bulk going to retirement funds.

AUSTRALIA’S central bank is ready to cut interest rates further if evidence suggests this would boost the economy, and said it reviewed global experience with unconventional steps when policy makers met two weeks ago.

MUMBAI — Global card payments group Visa is critical of the Indian government’s decision to boost adoption of electronic payments by requiring banks and card payment networks to offer no-fee debit card transactions, a senior Visa executive said.

FRANKFURT — Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender’s recovery.