Bloomberg US President Donald Trump said a trade agreement with China may be “too hard to get done” and that the world’s two largest economies may need to change their framework for a deal. “Our Trade Deal with China is moving along nicely, but in the end we will probably have to use a different structure in that this will …

Bloomberg The Chinese government’s moves to ramp up renewable energy consumption have sparked optimism over the future of China Longyuan Power Group Corp, the country’s biggest wind power producer. Around half of the 29 analysts covering Longyuan have raised their price targets for its Hong Kong-listed stock over the past month, according to data compiled by Bloomberg. Following a 29 …

Bloomberg Santos Ltd. rejected Harbour Energy Ltd.’s $10.9 billion final offer and terminated talks. The Australian oil and gas producer said its independent directors, managing director and chief executive officer unanimously decided to reject the proposal because it didn’t represent the full value of the company. Oil prices and shares of its peers traded in Australia have rallied 14 percent …

Bloomberg Stocks fell from Tokyo to New York as data cast doubts on growth prospects for the euro area while political tensions increased in North Korea, Turkey and the US Ten-year Treasury yields briefly dipped below 3 percent, while the dollar climbed. The S&P 500 Index dropped for a second day at the highest since March, while the Stoxx Europe …

Bloomberg Chinese stocks slid in Hong Kong and Shanghai amid concern over trade talks with the US and government efforts to cap coal price gains. The yuan neared a four-month low against the greenback, while bonds gained. The Hang Seng China Enterprises Index slumped 2.1 percent at the close, its biggest retreat in seven weeks, while the Shanghai Composite Index …

Bloomberg The US House has approved a sweeping overhaul of bank regulations, sending to President Donald Trump a bill that will give him a chance to make good on his vow to “do a big number” on the Dodd-Frank Act. Lawmakers voted 258-to-159 to advance a measure that is the product of years of financial-industry lobbying to soften post-crisis rules …

Bloomberg Barclays Plc has been exploring a potential merger with rival banks including Standard Chartered Plc, as part of wide-ranging contingency plans being weighed by senior board members following pressure from an activist investor, the Financial Times reported. Chairman John McFarlane was at least theoretically keen on the idea of combining with Standard Chartered, and was supported by Deputy Chairman …

Bloomberg Canadian Imperial Bank of Commerce is no longer an outlier on mortgages. CIBC has scaled back its rapid expansion of Canadian home loans, bringing it more in line with the industry and ending a two-year streak of outpacing the nation’s other big banks. Mortgage balances rose 6 percent to C$208.2 billion ($161.6 billion) in the fiscal second quarter from …

Bloomberg Wells Fargo & Co.’s foreign-exchange business cut 22 salespeople, according to a person briefed on the matter, the latest casualties of a slump in market activity. Affected employees worked in locations including St. Louis and Atlanta, where the bank is consolidating operations elsewhere, the person said. Some staff are being moved to other offices, while others leave the company, …

Bloomberg SBM Holdings Ltd., the Mauritius lender that bought two Kenyan banks within months of each other, expects the combined operations to make a profit within a year. The second-biggest lender in the Indian Ocean island-nation is expanding in East Africa’s largest economy to use it as a hub for the rest of the region as part of a broader …