Bloomberg Infosys Ltd. approved a 130 billion rupees ($2 billion) share repurchase to improve returns for stakeholders of the Indian software exporter a day after Chief Executive Officer Vishal Sikka quit amid heightened tensions between the board and founders led by ex-Chairman N R Narayana Murthy. Asia’s No.2 software services developer voted to buy back as many as 113 million ...

Bloomberg HNA Group Co. has set a date for a long-awaited shareholder vote on its proposed $1 billion takeover of Singapore logistics operator (CWT) Ltd., people with knowledge of the matter said, in a sign that the beleaguered Chinese conglomerate is moving ahead with the deal. The Hong Kong-listed unit pursuing the purchase, HNA Holding Group Co., has scheduled an ...

Bloomberg Singapore’s reputation for slick infrastructure and efficient public transport received a knock morning as two of its five mass transit rail lines suffered signaling failures, leaving thousands of disgruntled passengers late for work and unleashing a tirade of criticism on the social media sites of the two rail operators. “Lovely….I’ll send ye the bill for the cab I’m having ...

Bloomberg Taiwan upgraded its economic growth forecast for this year, signaling confidence for 2018, as a strong exports outlook lifts momentum. The statistics bureau revised its estimate for 2017 gross domestic product to 2.11 percent, up from the previous projection of 2.05 percent in May and closer to the central bank forecast of 2.13 percent. The bureau also said it ...

Bloomberg President Donald Trump has yet to decide the future US role in Afghanistan, even after spending hours in a retreat at Camp David where his defense and foreign policy team made the case to continue fighting a war Trump has long questioned. “This afternoon the president was briefed extensively by his national security team on a new strategy to ...

ISTANBUL / Reuters Turkish President Tayyip Erdogan said German Chancellor Angela Merkel’s Christian Democrats were enemies of Turkey and called on Turks in Germany to vote against major parties in next month’s elections. The comments, some of Erdogan’s harshest yet against Merkel, drew a furious response from Merkel, her government and some Turkish organisations in Germany, illustrating the widening divide ...

WASHINGTON / Reuters US Secretary of Defense Jim Mattis will travel to Jordan, Turkey and Ukraine later this month, the Pentagon said. Mattis will begin his trip in Jordan where he will meet with King Abdullah. Jordan is a member of the US-led coalition fighting IS in Syria and Iraq. The visit will be Mattis’ first to Jordan as defense ...

BEIRUT / Reuters An advisor to Syrian President Bashar al-Assad has said the six-year war is nearly over as foreign states cut backing for rebels, and vowed the government would confront any “illegitimate” forces, whether Turkish or American. Bouthaina Shaaban said the fact that Syria was staging the Damascus International Fair for the first time in the war “sends a ...

TUNIS / Reuters Tunisia’s prime minister accepted the resignation of interim finance minister Fadhel Abdelkefi over a conflict of interest in a judicial case, but said he had asked him to stay on until a replacement is found. Abdelkefi is a key member of Prime Minister Youssef Chahed’s government, which is under pressure to carry out contentious economic reforms demanded ...

The most depressing aspect of the current North Korean crisis is that even if Donald Trump wins, he loses. Despite doubling down on his rhetoric of “fire and fury” and deriding his predecessors for failed negotiations, Trump looks like he wants to eventually strike a deal with the nation’s tyrant, Kim Jong Un. Just look at what Secretary of State ...