China said the case of a Wells Fargo & Co. banker blocked from leaving the country was related to a criminal matter, escalating an episode that already underscored multinationals’ fears about the ...

Wells Fargo’s downgrade of O-I Glass was driven by three main concerns: excess capacity in Europe, weak volumes in North America, and uncertainty around tariffs.

Chenyue Mao, a Wells Fargo executive, has been barred from leaving China due to his involvement in a criminal case. China's foreign ministry confirmed the exit restriction and ongoing investigation.

China's foreign ministry said on Monday that Chenyue Mao, the Wells Fargo banker who has been blocked from leaving the ...