Bloomberg Business

China has scope to keep monetary and fiscal policy supportive to help strengthen the economy’s recovery, a top International Monetary Fund official said.

Vice Media is preparing to file for bankruptcy, capping the rapid fall of a former industry darling that attracted investment from the world’s largest entertainment companies.

Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1 billion in losses by using inside information to sell stock within days of the cryptocurrency platform’s public listing two years ago, before bad news sent the share price tumbling, according to a lawsuit filed by an investor.

A Japanese hotel chain, once at the center of a bidding war between US private equity firms Blackstone Inc. and Lone Star Funds, faces a reckoning with its creditors.

China’s Baoshan Iron & Steel Co. has joined forces with Saudi Aramco and the kingdom’s sovereign wealth fund to set up a steel plant in the Middle Eastern nation as the two countries deepen commercial ties.

Asian stocks slipped as traders pared risk ahead of a Federal Reserve meeting this week that will most likely see the US central bank deliver another interest-rate hike.

A third Chinese developer faces court-ordered liquidation after losing a winding-up case in Hong Kong, adding to a small but growing number of legal victories for creditors involving overdue debt.

Hong Kong’s economy expanded 2.7% in the first quarter from a year earlier after the city removed pandemic controls and the border with mainland China reopened.

Apple Inc. and Masimo Corp. failed to persuade a jury to reach a unanimous verdict in a trial where the medical-devices company claimed a blood-oxygen sensor in the Apple Watch was developed using misappropriated trade secrets.

A gauge of Chinese stocks listed in Hong Kong wiped out an initial advance, dragged down by property and consumer names, as trading resumed after the long weekend.