Bloomberg Hong Kong, which has faced a slew of criticism on company financial reporting, is set to create a new framework to oversee auditors of listed entities in the city. Proposed legislation will boost the Financial Reporting Council by giving it the independence to investigate and discipline auditors, according to a statement. It will also empower the FRC to oversee ...

Bloomberg Cinedigm Corp., a digital distributor of movies and other programming, jumped the most in three months after striking a deal to release films online and in theatres in China. The agreement with Starrise Media Holdings Ltd., a former textile company that entered the media business two years ago, sent shares up as much as 14 percent. The agreement also ...

Bloomberg Kuwait is weighing plans to sell dollar-denominated bonds, according to people familiar with the matter, joining other Gulf Cooperation Council states also said to be considering sales. Officials from the oil-rich Gulf nation have held talks with banks about the possibility of a sale as soon as the first quarter, two of the people said, asking not to be ...