News

A former executive of the Commonwealth Bank of Australia was arrested and charged on Wednesday with bribery following an investigation involving Australian and U.S. authorities.

The Chinese government will audit the overseas assets of state-owned enterprises, the regulator announced, as it tries to improve transparency and combat corruption.

Macerich Co, the third-largest U.S. shopping mall owner, rejected a $14.39 billion unsolicited offer from larger rival Simon Property Group Inc, saying the proposal "substantially undervalues" the company.