Bloomberg Reliance Communications Ltd., the telecom arm of billionaire Anil Ambani, climbed by a record after a report that the indebted company is in settlement talks with the Indian unit of Ericsson AB, which this week won a petition to place the wireless carrier in insolvency proceedings. Shares of RCom, as the company is known, surged as much as 70 ...

Bloomberg Chinese conglomerate Fosun International Ltd. is looking to gain a bigger foothold in North America’s tourism and leisure market through acquisitions, as the owner of Club Med SAS launches a new product line for China. “We’re interested in anything related to the tourism sector, from travel agencies and resort brands to recreational content providers,” Qian Jiannong, senior vice president ...

Bloomberg The UK’s white-collar crime prosecutor is preparing to open a formal bribery investigation into Glencore Plc and its work with billionaire Dan Gertler and the leader of Democratic Republic of Congo, according to two people with knowledge of the matter. Investigators at the Serious Fraud Office plan to seek formal approval for a full probe into Glencore’s dealings in ...