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Bloomberg China’s GCL-Poly Energy Holdings Ltd. sank to the lowest level in more than nine years as a deal for the company to sell a controlling stake in its polysilicon unit worth $1.9 billion to Shanghai Electric Group Co. fell apart. Shares of GCL-Poly in Hong Kong fell 7.6 percent to close at HK$0.61, the lowest since March 2009, paring …

Bloomberg The Trump administration will consider partial exemptions from oil sanctions against Iran for some countries as a first wave of non-oil penalties against the Islamic Republic snap back into effect on Tuesday, US officials said. President Donald Trump is still willing to meet with Iranian President Hassan Rouhani at any time, without preconditions, as the US ramps up economic …

Bloomberg House of Fraser Ltd. needs a new lifeline after a Chinese retailer pulled its plan to buy a majority stake, leaving the UK department-store chain on the brink of collapse and threatening about 17,000 jobs. Would-be rescuer C.banner International Holdings Ltd. shelved plans to raise funds for the purchase of a 51 percent stake in the British chain, citing …

Bloomberg Taiwan is looking at ways to hit back at foreign airlines that recently caved in to pressure from Beijing to refer to the island as part of China. The transportation ministry is studying countermeasures, according to an official who asked not to be identified because they are not authorised to speak publicly. Taipei-based United Daily News reported earlier the …

Bloomberg Danish tourists bound for Cyprus got more room than they’d bargained for as the first second-hand A380 superjumbo began its new life with a trip to the Mediterranean holiday island from Copenhagen. The Airbus SE plane, the world’s biggest passenger jet, was hired by Thomas Cook Group Plc for a four-hour flight to Larnaca, a comparatively short hop for …

Bloomberg BAE Systems Plc earnings fell almost 10 percent in the first half as Europe’s biggest defense company booked hits against its US operations, offsetting gains from major contract wins. Underlying earnings before interest, tax and amortisation dropped to $1.14 billion from 967 million pounds a year earlier, London-based BAE said in a statement. While BAE has won contracts to …

Bloomberg Gump’s Holdings LLC,, the San Francisco retail landmark that survived the 1906 earthquake, filed for chapter 11 bankruptcy protection after succumbing to the rise of online shopping and shifting consumer habits. After years of losses, the 157-year-old Bay Area department store had been trying to find a buyer, or additional financing since May, to no avail. The closely held …

Bloomberg Excitement for the return of Dior’s equestrian-inspired Saddle bag line—which dominated the “it bag” era of the early 2000s alongside Balenciaga’s “Lariat” and the Fendi “Baguette” before being discontinued—has been bubbling up since designer Maria Grazia Chiuri put them in her runway show in February. Trendsetting models Bella Hadid and Elsa Hosk were soon spotted carrying vintage Saddle bags, …

Bloomberg President Donald Trump defended his use of tariffs that have inflamed tensions with China and Europe, telling an audience of diehard supporters that playing hardball on trade is “my thing.” “We have really rebuilt China, and it’s time that we rebuild our own country now,” Trump said during about an hour of free-wheeling remarks at a rally outside Columbus, …

Bloomberg The Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to US oil producers who’ve quietly lobbied for the measure. The proposal would translate into an additional 500,000 barrels of US oil demand per day by the early 2030s, about 2 to 3 percent of projected consumption, according to government calculations. “It’s a increase …