China’s anti-corruption agency is investigating the chairman of China Resources Holdings Co. after domestic media repeated accusations a unit of the state-owned company deliberately overpaid for coal assets.
Remy Cointreau SA fell the most in more than four months after the maker of Remy Martin cognac said fiscal full-year earnings slumped and reported sales that fell more than analysts anticipated on lower demand in China.
Hong Kong’s Citic Pacific Ltd. agreed to pay 226.9 billion yuan ($36 billion) to buy Chinese banking and brokerage assets from its state-owned parent, underscoring China’s push to loosen control over the economy.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods company, bought the Clos des Lambrays vineyard to expand into Burgundy, adding to its holdings in Bordeaux, Champagne and the New World.
Vladimir Putin is more likely to sign a 30-year deal to supply pipeline gas to China next month after more than a decade of false starts because the crisis in Ukraine is forcing Russia to look for markets outside Europe.