Bloomberg Business

Fortescue Metals Group Ltd. joined iron-ore mining peers in posting lower profits due to China’s economic downturn, while also announcing the sudden departure of its metals head.

The electronics arm of electric-vehicle maker BYD Co. agreed to buy Jabil Inc.’s manufacturing business in China for 15.8 billion yuan ($2.2 billion), expanding its production base in the world’s largest mobile arena.

Two Sigma Investments LP is tapping investors for more cash after posting a record monthly gain for its flagship onshore China fund in July as rallies in commodities bolstered performance and left it near the top of returns rankings for this year.

When Asia’s richest man Mukesh Ambani addresses shareholders on Monday, investors expect the billionaire to divulge more details on initial public offering plans for its retail and telecom units.

A Tower Capital Asia-led consortium is considering selling its consumer health-care company Eu Yan Sang International Ltd., according to people with knowledge of the matter.

Sinopec’s first-half profits shrank amid lower oil prices and fuel demand being weighed down by China’s sluggish economic recovery.

AI chipmaker Nvidia Corp.’s better-than expected earnings may be the catalyst the tech-reliant Korean won is looking for.

Chinese stocks may open higher after authorities sought to woo back investors with a slew of measures including a reduction of the stamp duty on stock trades and a slower pace of initial public offerings.

Argentina’s Economy Ministry announced measures to improve government workers’ salaries and funnel money toward retirees and poorer families, defying an International Monetary Fund appeal earlier this month for the country to spend less.