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Wanda to build $9.5bn culture project in China

  Bloomberg Billionaire Wang Jianlin’s Dalian Wanda Group Co. agreed to build a 63 billion yuan ($9.5 billion) culture-and-tourism project in northeastern China, in its latest effort to become an entertainment giant rivaling Walt Disney Co. Wanda signed a framework agreement on Friday with the government in Jinan City, Shandong Province, in northern China, the group said in a statement. ...

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Agricultural bank plans to raise $12 billion over three years

  Bloomberg Agricultural Bank of China Ltd. said it will sell as much as 80 billion yuan ($12 billion) of Tier-2 securities over three years, joining the latest wave of fundraising by Chinese lenders. The bank needs to strengthen its capital buffers, President Zhao Huan told reporters in Beijing on Friday, adding that the lender aims to maintain a stable ...

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President Rousseff’s allies fight impeachment in Brazil turmoil

  Brasília / AFP Angry quarrels erupted at suspended Brazilian president Dilma Rousseff’s impeachment trial, while her key ally, Luiz Inacio Lula da Silva, faced corruption charges on a day of turmoil for Latin America’s largest country. Day two of Rousseff’s Senate trial in the capital Brasilia began with shouting matches that forced Supreme Court Chief Justice Ricardo Lewandowski to ...

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