Bloomberg Executives atop India’s mobile-phone industry foresee a consolidation that could knock Bharti Airtel Ltd. out of first place in the $26 billion market. The catalyst: free calls and industry debt that has ratcheted up to more than double revenue. Billionaire Mukesh Ambani escalated a price war in September, vowing to reorder the market and luring tens of millions …

  Bloomberg Gold exports to China soared in the run-up to the start of the Lunar New Year, with volumes increasing in December from major suppliers Switzerland and Hong Kong. More gold was sent from Swiss refiners to the world’s top consumer than in any month since at least January 2014, according to data on the website of the Swiss …

  Bloomberg Consumer prices in Japan dropped for a 10th straight month, though the pace of decline eased as oil costs rose, supporting expectations for a return to inflation later this year. Consumer prices excluding fresh food, the Bank of Japan’s core inflation gauge, fell 0.2 percent in December from a year earlier (forecast -0.3 percent). Overall consumer prices rose …