Seoul / AFP Samsung on Tuesday suspended all production of its Galaxy Note 7 smartphone, halted sales worldwide and told customers to stop using the device, following reports that replacements for combustible models were also catching fire. The South Korean company’s latest efforts to contain a snowballing recall crisis that threatens to derail the powerhouse global brand came as ...

  Beijing / AFP China’s undead army of zombie corporations will not qualify for debt-for-equity swaps, the government said, as Beijing tries to curb the risks of ballooning corporate debt. New guidelines posted on the website of the State Council, China’s cabinet, sought to offer some clarity to long-discussed but hazy plans to reduce debt by letting lenders swap bad ...

  Bloomberg Jera Co., a venture between two of Japan’s biggest power utilities, agreed to acquire EDF Trading Ltd.’s coal-trading business as part of a push to lower fuel costs and expand its overseas business. The Tokyo Electric Power Co. Holdings Inc. and Chubu Electric Power Co. venture signed a non-binding agreement to buy all of EDF Trading Australia Pty, ...