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Lotte China theme-park project halted amid geopolitical tensions

  Bloomberg Lotte Group said the Chinese government ordered the halt of the conglomerate’s 3 trillion won ($2.6 billion) theme-park project in northeastern China, in the group’s latest setback in a country that’s stepping up economic retaliation against South Korea for pushing ahead with the deployment of a US missile shield. The government order to suspend the development in Shenyang ...

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Fleeing to cash, Pakistani businesses seek to avoid tax trap

  Bloomberg Running a wholesale grocery shop in the southern Pakistani port city of Karachi, 43-year-old Khan used to write as many as 40 checks a month to buy goods from sugar to Unilever NV tea bags. That changed when authorities, in a bid to clamp down on widespread tax avoidance, started charging a levy on every bank transaction above ...

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Treasuries gain with gold as US stocks retreat

  Bloomberg Treasuries rose for a fourth day and gold reached a three-month high as demand for haven assets persisted with investors assessing political risks in Europe and the US American equities slumped. The S&P 500 Index extended a stretch of listlessness as disappointing bank results in Europe added to pressure on financial shares. Yields on 10-year Treasury notes fell ...

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