Bloomberg Trust firms that have issued at least $5 billion in high-yield products linked to China Evergrande Group are bracing for a cascade of losses after the cash-strapped developer said it may no longer be able to meet its financial obligations. At least three firms, including Citic Trust Co, China Foreign Economy and Trade Trust Co and National Trust, notified ...

Bloomberg Myanmar’s military regime reduced Aung San Suu Kyi’s jail term to two years after a special court found her guilty in her first trial since her ouster in a February coup and sentenced her to four years in prison, according to a statement on the state broadcaster MRTV. Suu Kyi will serve her sentence at her current location thus ...

Bloomberg South Africa’s chief prosecutor cautioned that arrests following a three-year judicial inquiry into state corruption will take time, as she announced plans to recruit a replacement for her top investigator who quit last week. A panel led by Acting Chief Justice Raymond Zondo is due to complete its graft probe this month, and it will fall to National Director ...