Bloomberg Construction firm Katerra Inc filed for bankruptcy protection in the US, bookending the implosion of a startup that raised about $2 billion from investors including SoftBank Group Corp. The company filed Chapter 11 proceedings in the Southern District of Texas court. It estimated liabilities of $1 billion to $10 billion and assets of $500 million to $1 billion. The ...

Bloomberg China Evergrande Group, the country’s most indebted developer, reversed losses in Hong Kong trading after the company clarified that operations remained normal and it was compliant in dealings with a banking unit. The shares rose 3.7% on Monday after earlier sliding 5.3%. Evergrande said various “rumours,” including that it was resorting to widespread price discounts, were false. Chinese developers ...

Bloomberg Flipkart, the Indian e-commerce giant controlled by Walmart Inc, is in talks to raise at least $3 billion from investors including SoftBank Group Corp and several sovereign wealth funds, according to people familiar with the matter. The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte, Canada Pension Plan Investment Board, ...