Bloomberg As investors sell Chinese health-care stocks in the wake of a vaccine scandal, one top-performing fund manager sees a chance to buy more. The broad selloff in the sector will likely be temporary as investors overreacted and “wrongly implicated” many stocks, said Wang Chaowei, who manages 866 million yuan ($127 million) for CPIC Fund Management Co. One of his ...

Bloomberg China pledged to invest $14.7 billion in South Africa and grant loans to its state power utility and logistics company as the two nations seek to strengthen economic ties and increase trade. The rand gained. The commitment follows similar promises from Saudi Arabia and the UAE and bolsters President Cyril Ramaphosa’s campaign to lure $100 billion in investment to ...

Bloomberg President Donald Trump said that the US and the European Union (EU) should eliminate all tariffs, barriers and subsidies, with the bloc’s trade chiefs set to present him with proposals in that direction in a crunch meeting at the White House. “I have an idea for them. Both the US and the EU drop all Tariffs, Barriers and Subsidies!” ...