Bloomberg Amazon.com Inc. agreed to sell some of its Chinese cloud assets to its local partner but said it’s committed to a domestic market for internet-based computing that could be worth $30 billion. Beijing Sinnet Technology Co. will buy servers and other unspecified “operational assets” in the country’s capital from Amazon Web Services for as much as $302 million, it ...

Bloomberg Hon Hai Precision Industry Co. posted a surprise fall in earnings amid technical hiccups that disrupted production of Apple Inc.’s 10th-anniversary iPhone. Apple’s main device-assembler reported a decline in net income to $696 million in the three months ended in September. That compared with the NT$37.2 billion projected. Apple’s decision to adopt technically demanding facial-scanning sensors for the iPhone ...

Bloomberg The first default on US dollar bonds by an Indian company in 15 months may become a closely-watched test case for how international creditors will fare under the country’s new bankruptcy laws. Reliance Communications (RCom), the Indian mobile phone operator controlled by Anil Ambani, failed to pay a coupon on its 2020 dollar notes before the expiry of a ...