Bloomberg The British division of Aldi is ramping up plans for expansion, unaffected by the shock Brexit referendum, as the German discount retailer enjoys booming demand. Aldi UK announced on Monday that it will invest £300 million ($389 million, 346 million euros) to revamp its stores over the next three years. “Future capital expenditure plans are unaffected by the …

  Bloomberg Mitsubishi Aircraft Corp., the builder of Japan’s first home-made passenger jet, said a test aircraft took off on its third attempt to fly to the U.S. Monday after aborting flights last month due to problems with air-conditioning sensors. The jet left Nagoya airport at 1:28 p.m. today, said Kenichi Takemori, a Nagoya-based spokesman for Mitsubishi Heavy Industries Ltd., …

  Bloomberg The European Union failed to eliminate subsidies to planemaker Airbus Group SE that were previously found to violate trade rules, the World Trade Organization said in a ruling that opens the door to billions of dollars in sanctions against Brussels. The finding by a WTO compliance panel Thursday strikes a blow to the EU in a long-running dispute …

  Bloomberg Saudi Arabia’s central bank stepped up efforts to support lenders in the Arab world’s biggest economy as they grapple with the effects of low oil prices. The Saudi Arabian Monetary Agency, as the central bank is known, said it decided to give banks about 20 billion riyals ($5.3 billion) in the form of time deposits “on behalf of …

  Bloomberg Former IMF chief Rodrigo Rato was jeered as he arrived at court on Monday for his trial for alleged of misuse of funds when he was the boss of two of Spain’s top banks. Rato is standing trial with 64 other former executives and board members at Caja Madrid and Bankia, whose near-collapse sparked an EU bailout of …

  AFP French tax authorities have asked Switzerland to hand over client information for some 45,000 bank accounts as part of a probe into alleged tax fraud, Le Parisien daily said on Monday. Swiss banking giant UBS said in July that the Swiss authorities had asked it to provide client information following a French request for international administrative assistance in …

  Bloomberg Bank of America Corp. (BofA) plans to eliminate about a dozen senior positions at its corporate and investment banking operations in Asia, the second time the U.S. bank cuts jobs in the region this year, according to people with knowledge of the matter. The reductions by the Charlotte, North Carolina-based bank will involve managing directors and directors and will …

  Bloomberg China’s central bank drained the most funds from the financial system in six months, adding to speculation that it is keeping a tight rein on cash supply as part of efforts to curb excessive leverage. The People’s Bank of China pulled a net 245 billion yuan ($37 billion) from the financial system through reverse-repurchase agreements, the biggest one-day …

  TOKYO/ AP Japanese Prime Minister Shinzo Abe pledged on Monday to accelerate his mix of policies to prop up Japan’s economic recovery and speed up parliamentary approval of the Trans-Pacific Partnership trade pact. In his policy statement opening the 66-day parliamentary session, Abe outlined an extra set of stimulus measures to help the economic recovery and spur more consumer and …

  Bloomberg China National Chemical Corp. sought European Union approval for its $43 billion takeover of Syngenta AG, one of a trio of mega-deals reshaping the global agrichemicals industry already described as “quite concentrated” by the bloc’s antitrust chief.The European Commission set an initial Oct. 28 deadline to rule on the deal, according to a website filing on Monday. ChemChina …