Bloomberg The founder of Zhejiang Geely Holding Group Co. has accumulated a stake worth about 7.3 billion euros ($9 billion) in Daimler AG, marking the biggest investment in a global automobile manufacturer by a Chinese company. Li Shufu acquired the 9.7 percent holding through Geely Group, a company owned by the billionaire and managed by his carmaking group, according to ...

Bloomberg India may export more sugar than previously forecast as higher yields boost supply in the world’s top consumer. Shipments may total 1.5 million metric tons in the next six to eight months, said Abinash Verma, director general of the Indian Sugar Mills Association. In January, he said millers were asking the government to abolish a 20 percent export duty ...

Bloomberg China’s insurance regulator found three domestic insurers violated foreign investment rules, giving the companies a month to “correct” the breaches. China Re Asset Management Co., China Life Insurance Co. and Ping An Insurance (Group) Co. violated regulations on investable countries and regions, the China Insurance Regulatory Commission said in three separate notices posted on its website. The statements didn’t ...