Business & Finance

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Oil prices continued to tumble on weak economic data out of Europe and China, with Brent crude falling below $60 a barrel for the first time since May 2009.

China plans to ban asset-management firms from repackaging local government debt as so-called securitized products, another step to contain risk in loans and bonds owed by struggling regional authorities.

Standard Chartered sold consumer-finance units in Hong Kong and Shenzhen, part of a strategy to dispose of noncore businesses.

South Korea plans to penalize Korean Air Lines after an airline executive delayed a flight last week because she was unhappy about the way she was served macadamia nuts.

Repsol said it has reached an agreement with the board of Talisman to acquire the Canadian oil company for $8.3 billion.

The U.S. agricultural industry is crafting a framework for launching new biotech seeds in an attempt to avoid trade disruptions blamed for losses over the past year.

A senior banker at a state-owned Chinese bank is embroiled in two lawsuits, one where he is defending himself against his former employer and another where he is demanding money back from his personal bank.

The trading link between the Shanghai and Hong Kong stock markets continues to see tepid demand a month after its launch.

A rush of multibillion-dollar IPOs in the past month has pushed Hong Kong into second place in the global rankings.

China is looking to Israel as it scours the world for tech investments.

Blackstone is making a bet on Singapore’s Sentosa island as a high-end holiday destination in Asia.

World-Wide

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More than a thousand ex-Congolese rebel fighters fled a Ugandan military facility to escape a scheduled repatriation program back to the Congo, officials said.

Turkish soccer fans who participated in antigovernment protests last year went on trial, charged with plotting a coup, in the latest sign of the far-reaching push by President Erdogan’s government to crack down on dissent.

The EU’s foreign-policy chief said the bloc would try to step up cooperation with Russia and Iran over Syria, signaling a shift in Europe’s efforts to end the war.