Bloomberg China Evergrande Group, the country’s most indebted developer, reversed losses in Hong Kong trading after the company clarified that operations remained normal and it was compliant in dealings with a banking unit. The shares rose 3.7% on Monday after earlier sliding 5.3%. Evergrande said various “rumours,” including that it was resorting to widespread price discounts, were false. Chinese developers ...

Bloomberg Flipkart, the Indian e-commerce giant controlled by Walmart Inc, is in talks to raise at least $3 billion from investors including SoftBank Group Corp and several sovereign wealth funds, according to people familiar with the matter. The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte, Canada Pension Plan Investment Board, ...

Bloomberg For the second time in six months, Chinese provinces are rationing electricity as the nation’s grids struggle to manage a surge in demand. This time, it’s partly because residents are blasting their air conditions to keep cool during an unusually warm summer. Cities in Guangdong, a manufacturing hub in the south that’s home to 130 million people, have been ...