Baosteel Group Corp., the parent of China’s biggest publicly-traded steelmaker, sold shares in Guangzhou Shipyard International Co. for a HK$155.7 million ($20.1 million) profit in less than three weeks.
Credit Suisse Group AG helped American customers hide as much as $10 billion in assets from the Internal Revenue Service, more than double the amount previously known, according to a U.S. Senate committee.
Home Depot Inc. posted fourth- quarter profit that topped analysts’ estimates, marking six straight years of meeting or exceeding projections, as the U.S. housing rebound spurs spending on renovations.
A U.S. Senate committee report will reprimand Credit Suisse Group AG for helping American clients dodge taxes and will criticize the Justice Department for not pursuing offshore banks aggressively enough, according to two people with knowledge of the findings.
UBS AG, trying to reprise its success in limiting fines in a probe of interest-rate rigging, is seeking immunity in the U.S. and European Union as part of the global investigation of currency markets, two people with knowledge of the case said.
Sina Corp., owner of China’s biggest Twitter-like service, gained in New York on speculation its microblogging unit will sell shares. Property stocks slumped after data showed a slowdown in home price growth.
Credit Suisse Group AG Chief Executive Officer Brady Dougan will testify this week at a U.S. Senate committee’s hearing on offshore tax evasion, increasing pressure on the largest of 14 Swiss banks under criminal investigation for helping Americans cheat on taxes.