Bloomberg A Chinese-Canadian tycoon who was seized at a Hong Kong hotel five years ago and has lost much of his sprawling business empire to the Chinese government is about to go on trial, the Wall Street Journal reported. Prosecutors in Shanghai plan to charge Xiao Jianhua with illegal collection of public deposits, the newspaper reported, citing people familiar ...

Bloomberg The UK is making last-minute tweaks to planned legislation to override a portion of its Brexit deal, as the European Union prepares to relaunch legal proceedings as part of the bloc’s response to the move. The EU has drawn up a draft statement to follow a UK move, emphasizing a calm response and reiterating the need to return to ...

  Bloomberg Credit Suisse Group AG is tapping the brakes on its China expansion, postponing its biggest mainland project, in a sign that weakness in Asia’s largest economy is prompting global banks to temper ambitious growth plans. The Zurich-based lender has delayed the targeted launch of its locally incorporated bank by a year to 2024, the second postponement since the ...