Bloomberg Sainsbury’s takeover of Home Retail was already of questionable logic. Getting into a bidding war for the struggling company would be even less sensible. Steinhoff International Holdings — a furniture chain once based in South Africa that’s seeking to expand in Europe — made an offer of about $2 billion for Home Retail that threatens to derail Sainsbury’s agreement …

TOKYO / Bloomberg Japan-based older brother of Lotte Group Chairman Shin Dong Bin wants to install himself and their father at the top of the family business’s lucrative South Korean units, in the latest salvo of a year-long battle for control over the retail conglomerate. Shin Dong Joo has proposed a plan to form a new board of directors for …

BEIJING / Bloomberg The head of China’s securities regulator has been removed from his post after last year’s $5 trillion stock- market bust, an unprecedented government rescue and a renewed crisis as plunging Chinese equities last month reverberated around the world. Xiao Gang, 57, a former head of Bank of China Ltd., had been chairman of the China Securities Regulatory …