Bloomberg Unilever’s departing Chief Executive Officer Paul Polman, in a major push into India that may be his last deal, agreed to pay about $1 billion more than his closest rival for GlaxoSmithKline Plc’s consumer business in the country, according to people familiar with the matter. The Anglo-Dutch conglomerate agreed to pay $3.8 billion in cash and stock from its ...

Bloomberg Intellectual property theft is one of the main points of contention in China’s dispute with Washington, and just days after President Xi Jinping promised to resolve the US’s “reasonable concerns,” China has announced an array of punishments for IP theft. The government set out a total of 38 different punishments to be applied to IP violations, starting this month. ...

Bloomberg If you’re a high-net-worth individual in Asia into fine dining, jewellery and luxury skin cream, best not to live in Shanghai. The Chinese city overtook Hong Kong as the most expensive for a basket of luxury goods and services on a price-weighted basis, according to Bank Julius Baer & Co.’s annual Wealth Report Asia, which tracks spending by the ...