Highlights:

• Billionaire Cheng's Units Agree Settlement With HK Regulator — Business units owned by one of Hong Kong's richest families agreed to pay up to HK$1.5 billion to Giordano International shareholders following a markets watchdog investigation into the clothing company's ownership structure. Bloomberg

• Canadians Say They'll Buy Cheaper Chinese EVs as Tariffs Drop — Polling shows Canadians are becoming more open to purchasing Chinese electric vehicles as Prime Minister Mark Carney lowers import tariffs. Bloomberg

• Saudi Oil Sales to China Up After Price Cut to Five-Year Low — Saudi Arabia's crude shipments to China for March loading increased after the kingdom cut prices of its main oil grade to Asia to the lowest level in over five years. Bloomberg

• Pictet Opens South Africa Unit as Private Wealth Rises — Swiss private lender Banque Pictet & Cie SA opened an office in South Africa, marking its first presence in Africa in 220 years. Bloomberg

• Banker Who Helped Lead Saudi Debt Boom Will Drive FDI Push — A veteran banker who helped establish Saudi Arabia's debt-market program will now lead efforts to attract foreign direct investment and triple annual FDI to $100 billion by 2030. Bloomberg