Bloomberg China’s broadest measure of new credit moderated in February as shadow banking activities slumped, signaling policy makers are making good on pledges to cut leverage and deflate asset bubbles. Aggregate financing was 1.15 trillion yuan ($166 billion), compared with a median estimate of 1.45 trillion yuan in a Bloomberg survey. New yuan loans stood at 1.17 trillion yuan ...

  Bloomberg They’re all going to the land Down Under. Australia is luring increasing numbers of global millionaires, helping make it one of the fastest growing wealthy nations in the world, according to reports from New World Wealth. The influx may be because of Australia’s superior healthcare system and lower inheritance taxes, its ideal location to do business with Asia, ...

  Bloomberg Samsung Electronics Co. is in preliminary talks to expand its manufacturing operations in the US with a new facility for home appliances. The Suwon, South Korea-based technology giant expects to spend at least $300 million on the project and is discussing the plans with at least five states, the Wall Street Journal reported, citing unnamed sources. The shift ...