Bloomberg Asia’s biggest carrier is abandoning the SkyTeam airline alliance. China Southern Airlines Co. will exit the partnership in 2019, nearly two years after selling a minority stake to American Airlines Inc., which is a member of the rival Oneworld group. The Guangzhou-based carrier, the continent’s largest as measured by passengers carried, said in a statement that it will seek …

Bloomberg Mogu Inc., a Chinese startup selling fashion and cosmetics online, is targeting a reduced valuation of $2 billion in its US initial public offering amid a market rout that has hit demand for tech stocks, people familiar with the matter said. More volatility could hit its ability to achieve the goal and Mogu is evaluating conditions, the people said, …

Bloomberg UK retailers made a faltering start to the fourth quarter as sales unexpectedly fell for a second month in October. The volume of goods sold in stores and online declined 0.5 percent from September, the Office for National Statistics said. The median forecast in a Bloomberg survey was for a 0.2 percent gain. Decline was largest in seven months …