China’s plan to introduce a deposit insurance program may exacerbate a liquidity shortage at smaller banks and increase their chance of failure as savings shift to the biggest state-controlled lenders.
The refusal of Saudi Arabia and its OPEC allies to curb crude oil output in the face of plummeting prices has set the energy world on a painful course that will leave the weakest behind, from governments to U.S. wildcatters.
GlaxoSmithKline Plc dismissed an executive from its African consumer health-care division for refusing to submit to a performance plan that was initiated a week after he reported alleged racial discrimination to a confidential integrity hotline, company documents obtained by Bloomberg show.
Manuel Baigorri, Amy Thomson, Matthew Campbell and Ruth David3:55 pm ET
Vodafone Group Plc is exploring a combination with John Malone’s Liberty Global Plc that would create Europe’s largest phone, Internet and TV company, worth more than $130 billion, people with knowledge of the matter said.
Ma Jie, Craig Trudell and Kiyotaka Matsuda4:17 am ET
Air-bag maker Takata Corp.’s failure to contain a deepening global safety crisis threatens to undermine the reputation of Japanese manufacturers, as the government warned it will force expanded recalls at home if the U.S. widens its safety campaign.