Beijing / Bloomberg China, the largest gold producer and consumer, is simplifying procedures for cross-border trade, a move that may speed up imports. The central bank and customs will allow companies that have “frequent imports and exports” of gold and gold products to apply for a single permit that can be used in as many as 12 shipments, the …

  BEIJING / AP Apple Inc. has lost a legal fight with a Chinese company that a Beijing court says is allowed to use the iPhone name on wallets and handbags. The court said Apple failed to prove iPhone was a “famous brand” in China before the local company applied for a trademark in 2007, an official legal newspaper reported. …

  KUALA LUMPUR / Bloomberg Malaysia’s ringgit slumped by the most in eight months after Federal Reserve Bank of Atlanta President Dennis Lockhart said a US interest-rate increase in June was “a real option.” The comments sparked a surge in the greenback, with the Bloomberg Dollar Spot Index rising from the lowest level in a year. Brent crude hovered around …