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 ...