Bloomberg As Chinese companies go on a record $157 billion overseas buying binge, they’re collecting their corporate trophies at the cheapest levels in four years. The median price they’re paying this year amounts to 14 times the Ebitda — or earnings before interest, taxes, depreciation and amortization — of the target companies, down from a multiple of 16 in …

  Bloomberg Palm oil stockpiles in Malaysia declined in July as exports from the world’s second-largest producer surged to the highest this year. Inventories fell 0.2 percent to 1.77 million metric tons at the end of July from a revised 1.775 million tons a month earlier, according to data released by the Malaysian Palm Oil Board on Wednesday. That compares …

  BLOOMBERG China’s official bad-loan ratio held at 1.75 percent in the second quarter after almost three years of increases, suggesting some progress as President Xi Jinping’s officials try to defuse risks from the nation’s explosion in credit. The China Banking Regulatory Commission didn’t give reasons in Wednesday’s data release. Lenders have stepped up efforts to clean up nonperforming debt …