Bloomberg Business

Russia Turns Screws on Exporters After Debating Capital Controls

Russia’s government will hold off on stiffening restrictions on the movement of capital and instead prepare recommendations for exporters to coax them into surrendering more of their foreign revenues to help stabilize the ruble.

Chinese Officials Meet Foreign Firms to Ease Data Law Fears

China’s internet regulator is reaching out to foreign firms, including Walmart Inc. and PayPal Inc., to discuss ways to navigate Beijing’s new data-security rules, an effort to reassure multinationals worried about their ability to operate in the world’s No. 2 economy under the latest regulations.

US Approves Ipsen’s Therapy for Rare Bone Disease

Ipsen SA’s drug for a debilitating disorder that slowly immobilizes patients within a cage of abnormal bone growth will cost roughly $624,000 a year in the US, after the French drugmaker won clearance there for the first medicine to treat the condition.

BAE to Buy Ball Aerospace For $5.6 Billion in US Expansion

BAE Systems Plc agreed to buy the aerospace division of soda-can giant Ball Corp. for $5.6 billion, as the UK defense company seeks to expand its missile, space and munition products at a time of heightened weapons spending by governments.

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