Bloomberg China Evergrande Group’s debt-fueled expansion spree shows no signs of slowing down. Even as soaring interest payments and marketing costs ate into first-half profit, a top executive at the Chinese developer said late Tuesday that the company wants to acquire brokerage and trust companies as well as smaller rivals — deals that would add to about $6 billion ...

  Bloomberg Billionaire Guo Guangchang called China’s peer-to-peer lending industry “basically a scam,” arguing that players in the multi-billion dollar sector, troubled by collapses and frauds, lack the ability to price risk. Guo was responding to a question at a post-earnings briefing by his conglomerate Fosun International Ltd. in Hong Kong about any P2P investments by the firm. Chief Financial ...

  Beirut / AFP Top IS group strategist Abu Mohamed Al Adnani has been killed in Syria, the group said, robbing the extremists of their propaganda chief and a key architect of attacks in the West. The United States said coalition forces had targeted Adnani, who had a $5 million bounty on his head, in an air strike in Aleppo ...