Bloomberg Reliance Naval & Engineering, controlled by Indian tycoon Anil Ambani, said it is facing an acute cash-flow crunch after orders dried up amid efforts to restructure a pile of debt. The disclosure in the company’s annual report comes just ahead of a court hearing whether to put the debt-laden company under insolvency proceedings, potentially dealing another blow to the ...

Bloomberg China is investigating FedEx Corp on suspicion of illegally handling a package to Hong Kong containing knives that are controlled by law, the state-run Xinhua News Agency reported. The knives have been confiscated by authorities, Xinhua said, without providing more details. The case follows the discovery of a gun in a package delivered by FedEx to a company in ...

Bloomberg JPMorgan Chase & Co has landed on six property stocks that can best weather the Hong Kong turmoil after applying a worst-case scenario that envisages home prices plunging 30 percent, retail sales falling by a similar amount and prime office rents sinking 40 percent. While a worst-case scenario may seem a rather grim starting point, analysts at the New ...