Bloomberg China banned six people linked to a $4.3 billion scandal at one of the country’s biggest listed drug makers from participating in the securities industry. The financial reporting fraud at Kangmei Pharmaceutical Co. was “premeditated, organised, long-term and systematic,” the China Securities Regulatory Commission (CSRC) said in a statement. Kangmei Pharmaceutical said in May it overstated its cash positions ...

Bloomberg Indonesian President Joko Widodo proposed record government spending next year to drive the economy to its quickest projected growth in seven years, counting on stimulus and investment to overcome risks from a global slowdown and escalating trade war. Southeast Asia’s largest economy is forecast to grow 5.3% next year, the fastest pace since 2013, the president said in his ...

Bloomberg There are sell-offs and there are sell-offs. But what occurred in Argentina is on a scale of its own. The local stock market tanked 45% in dollar terms and bond prices tumbled 34% after a surprise in the primary election on August 11 that was widely seen as foretelling a victory for the opposition populists when the presidential vote ...