BHP Billiton lost 3.9% after yesterday announcing it’s poised for the biggest spinoff in the mining industry, separating aluminum, coal and silver assets to create a company valued around $15 billion after it begins trading next year. BHP’s London-listed shares fell the most in almost three years. Photograph: Carla Gottgens/Bloomberg

Asian stocks fell after valuations reached the highest level this year and as BHP Billiton (BHP) slumped, dragging materials shares to the largest de(...)

A family looks at foreign imported milk powder products at a supermarket in Beijing after China’s top economic planner decided to investigate leading foreign infant milk companies for suspected anti-trust violations. Photograph: Kim Kyung-Hoon/Reuters

China’s top economic planning agency said yesterday that it would investigate some of the world’s biggest infant formula makers for possible anti-trus(...)