Bloomberg Hyundai Heavy Industries Co., the world’s second-biggest shipbuilder, fell by a record following its plan to raise about $1.2 billion selling new shares for working capital. Hyundai Heavy intends to sell 12.5 million new shares before the end of March at an estimated price of 103,000 won each, a discount of about 24 percent to the closing level. The ...

Bloomberg Prosecutors asked a South Korean court to extend the prison term for Samsung Electronics heir-apparent Lee Jae-yong to 12 years, in an appeal of his five-year sentence for allegedly bribing his way to greater control of the country’s biggest company. Lee, 49, is the highest-profile business figure to be embroiled in an influence-peddling scandal that led to the ouster ...

Bloomberg From mobile phones to furniture, Vietnam’s export boom shows no signs of losing steam, defying a gloomy outlook at the beginning of the year when US President Donald Trump persisted with his trade threats. Furniture maker Xuan Hoa Viet Nam Co. is planning for a 20 percent increase in export orders next year by investing $3 million on equipment ...

Bloomberg Huawei Technologies Co., China’s biggest maker of smartphones, said the head of sales for its domestic consumer business has been detained in a corruption investigation. Police have taken immediate action on Teng Hongfei on “suspicion of taking bribes,” the Shenzhen-based company said. Teng ran Chinese consumer sales for the company, which over the past year rose to No 1 ...

Bloomberg Global investors are snapping up small-cap stocks in South Korea as they rotate out of big companies listed on the main Kospi index after 2017’s 20 percent rally and amid optimism about the government’s plan to stimulate the tech-savvy market next year. Foreigners bought $88 million of shares in the Kosdaq gauge, helping push up the index 3.9 percent. ...

Bloomberg Almost two dozen government troops were killed in South Sudan during fighting, just a day after a cease-fire agreement came into effect, according to the main rebel group. The nation’s army and rebels last week agreed to cease hostilities from midnight December 24, in a bid to end three years of violence that’s claimed tens of thousands of lives ...

Bloomberg Russia plans to limit the number of airbases the US can use to launch reconnaissance flights under the Open Skies Treaty, in a fresh sign of its deteriorating relationship with Washington. The restrictions will be introduced Jan. 1 in response to US measures to limit Russian military flights in its airspace, said Georgiy Borisenko, head of the Foreign Ministry’s ...

Bloomberg A secessionist push in Cameroon’s English-speaking regions is on the brink of a full-blown revolt, threatening political stability in a country ruled by one of Africa’s longest-ser-ving leaders. Following a crackdown on independence supporters who tried to raise flags on government buildings in the central African nation’s English-speaking regions in October, at least 16 members of the security forces ...

Bloomberg The leader of Japan’s main opposition party said Prime Minister Shinzo Abe is treating the nation’s 70-year-old pacifist constitution as a “toy” in an effort to define his own political legacy. “He wants to change it in whatever way he can so that he can go down in history,” Yukio Edano, head of the Constitutional Democratic Party of Japan, ...

Bloomberg China’s leading policy makers plan to discuss next month a proposal to amend the national constitution for the first time since 2004, the official Xinhua News Agency said. The decision was made on Wednesday at a Politburo meeting headed by President Xi Jinping, according to the report. It provided no details on the possible change to the constitution, which ...