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China Detains Investment Bankers, Takes Passports in Corruption Sweep

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(Bloomberg) -- China is turning up the heat on its army of 8,700 investment bankers.Most Read from BloombergAfter being forced to take big pay...
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Asian Stocks Rise as Traders Look to Fed Rate Cut: Markets Wrap

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(Bloomberg) -- Stocks in Asia rose Thursday after a tech-fueled rally lifted Wall Street as traders looked beyond elevated core US inflation to imminent...
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Francine Makes Landfall in Louisiana as Powerful Category 2 Hurricane

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(Bloomberg) -- Hurricane Francine packed power just as it slammed into the coast of Louisiana, reaching Category 2 strength with 100 miles per hour...
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OpenAI Fundraising Set to Vault Startup’s Value to $150 Billion

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(Bloomberg) -- OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, according to people familiar with the...
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Vale Aims to Boost Iron Ore Output Despite Weakening Prices

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(Bloomberg) -- Vale SA said it will produce more iron ore this year than previously expected, even with prices trading near two-year lows as...
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Trump Trades Are Dialed Back Even More After the US Debate

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(Bloomberg) -- Traders are further unwinding bets linked to Donald Trump winning the White House after he suffered what many pundits called a clear...
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Nippon Steel Sends VP Mori to Washington to Rescue US Steel Bid

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(Bloomberg) -- Nippon Steel Corp. has sent a senior executive to Washington to boost its case for the $14.1 billion takeover of United States...
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Stocks Dip as Traders Digest US Debate, Yen Gains: Markets Wrap

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(Bloomberg) -- Asian stocks slipped Wednesday on growth concerns ahead of a US inflation report and as traders weighed the impact of the presidential...
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Sino-Ocean Gets Nearly Two-Week Reprieve in Liquidation Case

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(Bloomberg) -- Sino-Ocean Group Holding Ltd. got a short reprieve in its liquidation hearing in Hong Kong, as it works to secure more creditor...
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China’s Unworkable Housing Rescue Math Is Prolonging Crisis

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(Bloomberg) -- In May, China’s central government urged more than 200 cities to buy unsold homes to ease oversupply. More than three months later,...
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Kepco Seeks Closer US Ties as Part of Nuclear Export Push

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(Bloomberg) -- Korea Electric Power Corp. is looking to bolster ties with the US as it attempts to sell more atomic power stations overseas,...
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UK Pay Growth at Two-Year Low Keeps BOE on Easing Path

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(Bloomberg) -- UK pay growth cooled to a two-year low in the three months through July, another step down in wage pressures that keeps...
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