Bloomberg Australia & New Zealand Banking Corp. agreed to sell its 20 percent stake in Shanghai Rural Commercial Bank Co. for A$1.84 billion ($1.33 billion), Chief Executive Officer Shayne Elliott’s latest move to unwind an Asian expansion that sapped profits. China Cosco Shipping Corp. and Shanghai Sino-Poland Enterprise Management Development Corp. will buy 10 percent each, the Melbourne-based company ...

  Bloomberg Oman is preparing an international bond sale, two people with knowledge of the deal said, as the country seeks to plug a budget deficit caused by low oil prices. The sultanate has sent invitations to banks to arrange the sale of a dollar or Islamic bond, the people said, asking not to be identified because the information is ...

  Bloomberg Turkey’s lira weakened the most among major world currencies on Tuesday, falling as much as 1.6 percent to a new record, as the killer of 39 people at an Istanbul nightclub remained at large and inflation accelerated more than estimates in December. The lira depreciated to a record 3.60 against the dollar before trading 1.3 percent lower at ...