Bloomberg US exchanges handle about 29 percent of global Bitcoin trading — much more than previously thought because some unregulated rivals overseas are inflating their volumes, according to estimates from a firm working to create a crypto exchange-traded fund. The US is the world’s second-largest domicile for exchanges by trading volume after Malta, Bitwise Asset Management found in a report. ...

Bloomberg Malaysian billionaire T. Ananda Krishnan’s Bumi Armada Bhd is nearing an agreement for a loan of around $500 million, people with knowledge of the matter said, in a deal that will give the embattled energy firm more time to restructure. Banks are finalising details of a five-year credit facility, according to the people, who asked not to be identified ...

Bloomberg SoftBank Group Corp founder Masayoshi Son, famous for his early investment in China’s top e-commerce company, also had the chance to own a big stake in Amazon.com Inc — but he missed out over $30 million. Son, speaking at the Milken Institute conference in Tokyo, said he was close to striking a deal to acquire 30 percent of the ...