Bloomberg China’s army of commodities investors has racked up an unprecedented volume of bets on steel futures, raising the prospect of a sharp retreat if market conditions weaken. Open interest on the Shanghai Futures Exchange’s steel reinforcement bar contract surged to a record 2.82 million lots, according to bourse data, with each lot representing 10 metric tons of metal. That’s ...

Bloomberg Xiaomi Corp. has acquired a swathe of patents from Nokia Oyj, making its latest acquisition of technology to drive a global expansion. The Chinese smartphone maker is getting its hands on a trove of intellectual property from the Finnish company that once led the world in phone sales before Apple Inc. ushered in the smartphone era. The deal expands ...

Bloomberg BT Group Plc was accused of dragging its feet for years as competitors using its network demanded the former UK phone monopoly run more fiber-optic lines to homes and businesses. Now BT’s wholesale division has seen the benefits of installing the faster connections, and is trying to coax its rivals into helping out. Under a regulatory compromise reached in ...