Bloomberg Mukesh Ambani, Asia’s richest man, sealed another deal to expand his retail footprint and add heft in a battle with Amazon.com Inc and Walmart Inc in India. Reliance Brands Ltd agreed to purchase the 259-year-old British toy-store chain Hamleys from CBanner Interna tional Holdings Ltd for almost 68 million pounds ($88.5 million) in cash. The transaction would transform the ...

Bloomberg China’s top security regulator sought to ease concerns about burgeoning stock-market volatility, after the wild price swings capped the worst three-week rout for mainland equities in more than a year. The recent gyrations were due to “external factors,” but these are not the dominant elements in China’s stock-market development, said Yi Huiman, chairman of China Securities Regulatory Commission, in ...

Bloomberg Australian Prime Minister Scott Morrison committed as much as $350 million to cut costs for first-home buyers, seeking to boost his chances of re-election with his government trailing in opinion polls before an election. The government would offer guarantees to cut the required deposit for first-home buyers to 5 percent of the purchase price, instead of 20 percent, Morrison ...