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Bloomberg India’s finance minister Nirmala Sitharaman said it was too early to say if the slowdown in the economy had bottomed out. Companies are planning new investments after $20 billion worth of corporate tax cuts announced in September, Sitharaman told reporters in New Delhi. Actual investments may take some time to materialise, she said. Prime minister Narendra Modi’s government has ...

Bloomberg US and Chinese trade negotiators held “constructive discussions” in a phone call to address each side’s core concerns of phase one of the trade deal. China’s Vice Premier Liu He, the country’s key negotiator in the trade talks with the US, spoke with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, according to the Chinese Commerce Ministry. The ...

Bloomberg ArcelorMittal won approval from India’s top court to complete its $5.8 billion purchase of a bankrupt steel mill, clearing the way for tycoon Lakshmi Mittal to enter the world’s second-biggest market. The Supreme Court allowed Arcelor to make the payment for Essar Steel India Ltd and set aside a bankruptcy appellate tribunal’s order that had given secured and unsecured ...

Bloomberg Nissan Motor Co is recalling 394,025 cars in the US, including the Pathfinder sport utility vehicle, on concern brake fluid may leak into internal circuit boards and cause fires. The recall includes, Murano SUVs from 2015 through 2018, Pathfinder SUVs from 2017 to 2019, Maxima sedans from 2016 to 2018, and Infiniti QX60 luxury crossovers from 2017 to 2019 ...

Bloomberg Malaysia’s economic growth eased in the third quarter to its slowest pace in a year amid declining exports and weaker factory output. Gross domestic product rose 4.4% in the three months through September from a year ago, according to figures from the central bank. The slower third-quarter print comes after Malaysia’s economy bucked regional trend in previous 3 months ...

Bloomberg Indonesia is preparing to auction additional airwaves to telecom carriers to allow them offer 5G services and will ensure a level-playing field to wireless equipment suppliers including Huawei Technologies Co. The government is taking steps to guarantee adequate spectrum will be available for mobile-phone carriers before deciding on a schedule for the sale, Communications Minister Johnny G Plate said ...

Bloomberg Amazon.com Inc’s big push into logistics is getting scrutiny from European Union (EU) antitrust regulators who asked the US to share an online merchant’s complaint against the retail giant, according to documents reviewed by Bloomberg and two people familiar with the matter. The online merchant accused Amazon of rewarding those who pay for the company’s warehousing, packing and delivery ...

Bloomberg Reynolds Consumer Products Inc, the maker of Reynolds Wrap aluminum foil and Hefty trash bags, has filed for a US initial public offering. The company has hired Credit Suisse Group AG, JPMorgan Chase & Co and Goldman Sachs Group Inc for the share sale. The $100 million registration amount listed on the documents is a placeholder used to calculate ...

Bloomberg With all the focus on getting the positioning right for next month’s UK election, investors may be overlooking bigger threats beyond. Even as optimism grows that Prime Minister Boris Johnson’s party will win the vote and see through a market-friendly Brexit deal, a floundering economy and the prospect of fraught trade talks with the European Union (EU) are unnerving ...

Bloomberg The board that oversees retirement savings for US government employees will allow one of its funds to invest in an international index that includes Chinese companies, despite the threat of legislation from lawmakers who say the investments will undermine national security and contribute to China’s economic and corporate growth. The Federal Thrift Retirement Investment Board finalised the decision in ...