Bloomberg ZTE Corp. pledged to overhaul its flawed management and internal culture after striking a deal with the US to get back in business after a damaging two-month hiatus. In a memo to employees seen by Bloomberg News, Chairman Yin Yimin promised to hold “relevant people” accountable for a ban on purchases of American technology that threatened to smother China’s ...

Bloomberg A top US executive with South Korea’s Hyundai Motor Co. said President Donald Trump has “targeted” international car companies with tariff threats, showing little regard for whether those automakers build vehicles in the US and employ Americans. “The scary thing is there seems to be a lot of conversation around import-based companies and not even much realisation that there’s ...

Bloomberg China’s factory inflation accelerated faster than expected in May as the price of commodities such as crude oil and metals increased. The producer price index rose 4.1 percent from a year earlier, compared with a projected 3.9 percent increase in a Bloomberg survey of economists and a 3.4 percent gain in April. The consumer price index climbed 1.8 percent ...