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Bloomberg India is drawing up a list of ‘must haves’ to enable it to forge ahead with a pan-Asian free trade agreement, as pressure mounts on the South Asian nation to conclude discussions to finalise the pact before end of the year, a senior government official said. Trade ministry officials in New Delhi met late into the night to discuss ...

Bloomberg Vertex Growth Fund, the youngest of a family of technology investment vehicles backed by Temasek Holdings Pte, has raised more money than initially targeted for its inaugural fund. The Singapore-based firm said it has closed the fund at $290 million, exceeding its goal of $250 million. The Vertex Growth Fund is the newest member of a global network operated ...

Bloomberg Congestion and constant flooding in the Philippine capital are prompting the central bank to move its mint away from the city. Bangko Sentral ng Pilipinas signed a deal to relocate its production facility for coins and bank notes to New Clark City, a former US air base where the government is building a back-up capital. “We will build facilities ...

Bloomberg More than 4,000 hotspots were detected in the central and western parts of Indonesia as authorities deployed thousands of personnel to fight the fires that are contributing to a haze blanketing parts of Southeast Asia. Indonesia said it has sealed off dozens of plantations, including concessions owned by foreign companies. In what has become a ritual once the haze ...

Bloomberg Almost a quarter of businesses in a new survey are thinking of leaving Hong Kong to escape ongoing protests, with most looking to Singapore as their favoured location. Some 23 percent of surveyed companies with an office in Hong Kong are considering moving business functions from the city, while 1 percent already have plans to relocate, according to the ...

Bloomberg It looked like the perfect investment opportunity. A mostly vacant shopping center with scant competition serving a middle-class neighbourhood far from Hong Kong’s city centre. With a makeover, Wang Tse thought, there could be good foot traffic, but the asking price was too high. That was in 2017, and property tycoon Li Ka-shing had just sold a skyscraper for ...

Bloomberg Nigeria LNG Ltd., the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion. The company is discussing with the country’s top-10 lenders including Guaranty Trust Bank Plc and Zenith Bank Plc, to raise as much as $2 billion, and with foreign lenders and export-credit agencies for the balance, Chief Executive ...

Bloomberg Global health regulators sounded a coordinated alarm about the possibility that a stomach drug taken by millions of people could be tainted with the same cancer-causing agent that has sparked a worldwide recall of blood-pressure pills. Drug-safety officials in the US and Europe said that they were looking into whether Sanofi heartburn medication Zantac and generic versions made by ...

Bloomberg Apple Inc shares rose for a fourth straight session, with the iPhone maker hitting its highest level since October as investors continued to feel bullish about the company’s recent product event. Shares gained as much as 1.3 percent on the day and have risen nearly 17 percent off a low hit in August. The rally puts the company less ...

Bloomberg A jury has awarded three plaintiffs injured in a 2017 Amtrak derailment outside DuPont, Washington a total of $16.75 million in damages, Luvera Law Firm said in a statement. The plaintiffs, Dale Skyllingstad, Blaine Wilmotte and Madison Wilmotte, are the first group of victims to take the railway carrier to trial for the incident that killed three men and ...