Bloomberg China’s solar power sector should strive to cut costs and improve quality, said a top industry group seeking to restore confidence in the world’s largest market as recent policy moves in Beijing straddle producers with shrinking demand and tumbling prices. The industry is moving away from rapid capacity expansions and suppliers should not expect sector to grow every year, ...

Bloomberg China’s expressed regret over Qualcomm Inc.’s decision to scrap a $44 billion takeover of NXP Semiconductors NV, an apparent attempt to avoid blame after regulators failed to rule on what would have been the largest chip acquisition in history. The takeover fell apart as tensions between China and the US escalated and local regulators held off on clearing the ...

Bloomberg ARM Holdings Plc, the British computer-chip designer owned by SoftBank Group Corp., has agreed to buy US-based data analytics firm Treasure Data Inc., people familiar with the matter said. Treasure Data may fetch about $600 million in the sale, the people said, asking not to be identified because the deal isn’t yet public. A spokesman for ARM declined to ...

Bloomberg Starbucks Corp., facing a rare sales decline in China, is betting a rapid roll out of delivery service will get the business back on track. With the company expecting China to eventually surpass the US as its biggest market, Starbucks says deliveries will help it will fend off competitors who are already offering the service, coupled with deep discounts. ...

Bloomberg The chief executive of Samsung Securities Co. resigned after the company was punished by South Korea’s financial regulator because an employee’s error sparked a $105 billion “ghost stock” blunder. Koo Sung-hoon’s resignation was disclosed in a regulatory filing on July 27, a day after the Financial Services Commission ordered the firm to suspend Koo for three months. The firm ...

Bloomberg As foreign funds continue to dump Indonesian stocks and bonds, President Joko Widodo is chasing dollars from tourism and exports to help contain a widening current-account deficit. Widodo, known as Jokowi, ordered ministers, officials and central bankers to step up efforts to lure more foreign visitors into the pristine sand beaches dotting hundreds of islands across the archipelago. He ...

Bloomberg President Donald Trump faces potential legal and political danger if it’s proven he knew in advance about a meeting his son and campaign aides had with Russians said to be promising dirt on Hillary Clinton, according to former federal prosecutors. The allegation reportedly made by Trump’s former personal attorney Michael Cohen adds an explosive twist to the famous June ...

Bloomberg Hungarian PM Viktor Orban, emboldened by the surge of right-wing parties across Europe, called for a united front by “illiberal” forces to win control in next year’s European Parliament elections. Having solidified his rule at home in the past eight years and reelected in April, Orban set his sights on wider dominance for his version of “Christian democracy”, that ...

Bloomberg Prime Minister Malcolm Turnbull was dealt a blow by Australian voters in by-elections held that boosted the main opposition Labor Party. Labor was returned in four of the five electorates up for grabs even after polls showed that Turnbull’s Liberal-National coalition had a chance to win two. A minor party retained the one seat it already held. The bulk ...

Bloomberg Cambodian PM Hun Sen extended his more-than-three-decade run in power, easily winning a boycotted election on Sunday after he disbanded the main opposition party last year. Khieu Kanharith, the government’s top spokesman, told the Associated Press that the ruling Cambodian People’s Party won at least 70 percent of the vote. The results were never in doubt after Hun Sen moved ...