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South Korea’s special prosecutor has accused Jay Y. Lee and other Samsung Group executives of conspiring to create fake documents in order to mask millions of dollars in bribes, allegedly funneled to a confidante of the nation’s president. Park Young-soo told reporters the target of his investigation had been collusion between government and the economy. In an emailed statement the electronics company said: “Samsung has not paid bribes nor made improper requests seeking favors. Future court proceedings will reveal the truth.”— Alex Millson
These rich Asian millennials just built their own venture fund. The three founders of RHL Ventures used the wealth of their families to start the company, which they hope will evolve into Southeast Asia's leading independent investment group. Since its inception it's added a fourth partner and backed two startups.
Chinese property investors could exit the U.S. as their concern over yuan depreciation eases and questions swirl around Donald Trump's stance on protectionism. Mainland Chinese will instead turn their attention towards Asian markets, according to Andrew Haskins of Colliers International.
North Korea rattles the world with missile launch. The firing of four ballistic missiles, three of which fell into waters near Japan, incensed Tokyo, with Prime Minister Shinzo Abe telling parliament Pyongyang's actions were very dangerous and came without warning.
One of Asia's poorest nations wants to keep some of its own gas. When the government of Papua New Guinea signed deals which led Exxon Mobil to build a liquefied gas terminal, it allowed the energy giant and its partners to export all the gas it found. Now it wants to use some for itself.
How China could dodge fallout from a trade war with Trump. Chinese equities may escape major damage from a trade battle with the U.S., thanks to globalization. Among the top 25 exporters from China to the U.S., more than 80 percent are owned by companies outside the mainland. Stocks listed in Taiwan, South Korea and even the U.S. itself could be hit in the event of a trade spat.
On Brexit's front lines. What's it like to run a business in the UK, while the government pursues its unpredictable plan to quit the European Union? Bloomberg News is following four CEOs over the next two years as the executives try to limit the fallout. Here are their stories.
A culinary evolution is taking place in China. While cheese, butter and cream aren't exactly exotic in the West, they're rarely used in China's commercial kitchens. Now the world's biggest dairy firms are waking up to the potential of an untapped market, and have opened demo kitchens across the country to train chefs to love all things milk-based.