Bloomberg The worst may not be over for Chinese corporate bonds as the government pushes ahead with its campaign to reduce leverage in the debt market, according to investors including Invesco Ltd. The crackdown on the use of borrowed money to invest in financial assets has led to Chinese companies canceling 184 billion yuan ($27 billion) of bond sales this ...

Bloomberg Takata Corp., which is seeking a buyer following the auto industry’s biggest ever safety recall, surged the most in four months after some car makers reached settlements worth $553 million to resolve economic-loss claims tied to the company’s faulty products. Toyota Motor Corp., Subaru Corp., Mazda Motor Corp. and BMW will reimburse out-of-pocket expenses, provide loaners to some vehicle ...

Bloomberg SoftBank Group Corp. and Saudi Arabia formally announced the first round of capital commitments for the largest- ever technology investment fund, as founder Masayoshi Son seeks to accelerate his financing of cutting-edge technologies and startups. More than $93 billion has been secured from backers led by the Japanese company and Saudi Arabia’s Public Investment Fund, SoftBank said in a ...

Bloomberg Broadcom Ltd. and a group led by KKR & Co. are emerging as the two leading bidders for Toshiba Corp.’s semiconductor unit for second-round offers, according to people familiar with the matter. Broadcom, based in San Jose, California, is offering about 2.2 trillion yen ($20 billion) and would face simpler regulatory reviews than some rivals, said one of the ...

Bloomberg Samsung Electronics Co.’s security guards once dragged a bespectacled professor out of the building after he heckled the chief executive officer for not doing anything when the chairman was accused of making illegal political donations. Thirteen years later, the professor — Kim Sang-jo — has the backing of South Korea’s new leader to hold the biggest conglomerates accountable in ...

Bloomberg The Polish government’s hopes to get special treatment from the European Union for its coal-dependent economy may be quashed by the bloc’s strict approach to limiting the dirty fuel. The EU’s largest eastern economy needs to build more coal-fired power plants to avoid blackouts and an economic slump, Poland’s energy minister said in the southern city of Katowice. That ...

Bloomberg Ford Motor Co. plans to cut about 10 percent of staff worldwide as Chief Executive Officer Mark Fields faces escalating pressure to boost profit and a lagging stock price, the Wall Street Journal reported. The job cuts are expected to be outlined as early as this week and mostly target salaried employees, the newspaper said, citing unidentified people briefed ...

Bloomberg The UK will quit talks on leaving the European Union unless the bloc drops its demands for a divorce payment as high as 100 billion euros ($112 billion), Brexit Secretary David Davis said. Britain’s negotiations would otherwise be plunged into “chaos,” and even a 1 billion-pound settlement wo- uld be “a lot of money,” Davis said in an interview. ...

Bloomberg Glencore Plc Chief Executive Officer Ivan Glasenberg said the rise of electric cars will significantly boost demand for minerals including copper and lithium in the coming decades. “The electric vehicle revolution is happening and its impact is likely to be felt faster than expected,” Glasenberg told investors at an industry conference in Barcelona. Almost all carmakers are increasing investm-ent ...

RIYADH / Reuters Saudi Arabia’s stock market outperformed a sluggish region on Sunday after US and Saudi companies signed over $200 billion of deals during the visit to Riyadh by President Donald Trump. Few of the deals involved listed Saudi companies, and many had been previously announced, or were merely memorandums of understanding that might never lead to concrete projects. ...