Bloomberg Chinese developers are facing the biggest liquidity test in more than four years, exacerbating challenges brought on by stringent funding restrictions and a prolonged profitability drop. Cash reserves of the nation’s 50 largest-listed home builders were just enough to cover short-term debt as of June 30, the least since 2016 when China began deleveraging its economy, according to recent ...

Bloomberg Chancellor Angela Merkel’s top diplomat warned Russia that Germany’s support for the Nord Stream 2 gas pipeline is at risk if the Kremlin doesn’t assist in clarifying the poisoning of dissident Alexey Navalny. It was the first time a cabinet minister in Merkel’s government explicitly linked the fate of the Baltic Sea pipeline to Russia’s cooperation in an inquiry. ...

Bloomberg Hundreds of thousands of people have been ordered to evacuate in southern Japan, and companies including Toyota Motor Corp and Canon Inc are planning to shutter factories as Typhoon Haishen approaches. The Japan Meteorological Agency said the typhoon may make landfall on Kagoshima prefecture in the southern Kyushu island on Sunday evening. More than 46,000 households were without power ...