Bloomberg Business

Embattled Chinese tycoon Chen Hongtian has had another seized property in Hong Kong put up for sale.

President Joe Biden and congressional Republicans made little tangible progress Tuesday toward averting a first-ever US default, but pledged negotiations on spending that would open the door to a possible agreement.

Coupang Inc., the South Korean e-commerce giant backed by SoftBank Group Corp., reported better-than-expected revenue growth after spending to expand and lock in customer demand during an online shopping slowdown.

India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the ground.

A federal jury in New York found Donald Trump liable for sexually assaulting writer E. Jean Carroll and then defaming her by calling her a liar, the first verdict against him in a string of legal cases that threaten to erupt during the 2024 presidential campaign.

Tucker Carlson is starting a show on Twitter after being fired by Fox News.

President Joe Biden warned of tumultuous conditions at the US-Mexico border after pandemic-era immigration restrictions are lifted later this week.

Finance ministers and central bank governors from the world’s wealthiest nations gather in Japan this week with a growing list of urgent issues to discuss, from the risk of more bank failures and the need for debt restructuring to the threat of a US default.

President Joe Biden left open the possibility he would cancel upcoming travel to Japan for the G-7 summit, Australia, and Papua New Guinea if it was necessary to remain in Washington for talks over raising the debt ceiling.

Companies are about to get hit by a dangerous combination of too much debt and too little cash flow, according to Paul Goldschmid, a partner and co-portfolio manager at King Street Capital Management.