Bloomberg Business

China’s Leaders Stick to Pro-Growth Stance, Vow Support

Chinese leaders kept their economic policy stance largely unchanged, signaling it’s too early to pivot toward tighter monetary and fiscal measures or push contentious economic reforms as growth rebounds.

MUFG Says Credit Suisse AT1 Debt Sold to Help Clients Diversify

Mitsubishi UFJ Financial Group Inc. said its brokerage venture sold Credit Suisse Group AG’s riskiest bonds to help clients diversify their portfolios, as the firm tries to explain what led to $700 million of losses for customers.

China, Philippine Vessels Nearly Collided in Latest Dispute

Chinese and Philippine ships came close to collision in the South China Sea on Sunday, in yet another sign of continued tensions over contested waters as both sides accused one another of intrusion and provocation.

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