Bloomberg Australia’s trade surplus rocketed to a fresh record in June as iron ore receipts pushed even higher and a falling international oil price lopped a chunk off imports. The windfall swelled to A$8 billion, a third higher than May’s upwardly revised A$6.2 billion, data from the Australian Bureau of Statistics showed on Tuesday. Iron ore sales climbed to A$9.5 ...

Bloomberg The Trump administration formally labeled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new US tariffs. While the Treasury Department’s determination is largely symbolic — the potential penalties are less punitive than the steps Trump has already taken against China — it underscores ...

Bloomberg Cybereason Inc., the Boston-based firm that revealed the hacking of at least 10 global telecommunications carriers in June, has raised another $200 million from investor SoftBank Group Corp. as it seeks to grow its market and upgrade its product to keep pace with hackers. “Cybereason plays a leading role in helping companies manage cybersecurity risks and protecting people’s information,” ...