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 Commission ...

MADRID / AFP Six officials of Chinese megabank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said. They were detained overnight and while three of them can be freed if they post bail of 100,000 euros ($111,000) each, the others will remain in custody for the time being, ...

New Delhi / AP The yen rose, posting its longest run of weekly gains since September, as investors look past signs of improvement in the US economy and instead channeled their cash into haven assets. Japan’s currency strengthened against all its 16 major peers even after a U.S. report showed inflation rose the most in more than four years last ...