Bloomberg The South Korean trial of Samsung heir Jay Y. Lee for alleged bribery took an unusual twist as prosecutors said the company tried to conceal its gift of a 1 billion won horse ($885,000) by exchanging it for another animal. Prosecutors disclosed a series of text messages, emails and memos among Lee’s lieutenants to support allegations Samsung Electronics ...

  Bloomberg China’s broadest measure of new credit increased more than estimated in March amid strong growth in shadow banking. New loans slowed for a second month while the money supply increased at the most sluggish pace since July. Aggregate financing stood at 2.12 trillion yuan ($308 billion), the People’s Bank of China said, versus a median estimate of 1.5 ...

  Bloomberg The US stopped short of branding China a currency manipulator, but urged the world’s second-largest economy to let the yuan rise with market forces and embrace more trade. No major trading partner is manipulating its currency for an unfair trade advantage, according to the first foreign-currency report released by the Treasury Department under President Donald Trump. It kept ...