Bloomberg Goldman Sachs Group Inc and other Wall Street banks can breathe a sigh of relief after the Federal Reserve said that it would give them more time to meet Volcker Rule requirements to unload hard-to-sell stakes in private-equity firms and hedge funds. Banks can be granted as long as five years from the current July 21 compliance date …

  Bloomberg China Petroleum & Chemical Corp. is selling a 50 percent stake in a pipeline unit to investors including China Life Insurance Co. for 22.8 billion yuan ($3.3 billion) as it seeks funds to expand its natural gas business. China Life will pay 20 billion yuan for a 43.86 percent stake in the pipeline, while a division of State …

  Bloomberg China’s industrial output and retail sales growth both accelerated in November, government data showed on Tuesday, in a sign of stabilisation for the world’s second-largest economy. Industrial output rose 6.2 percent in the month, ahead of both October’s figures and economists’ predictions of 6.1 percent in a Bloomberg News survey. Retail sales rose 10.8 percent on-year in nominal …