Bloomberg India’s debt-ridden Anil Ambani group will exit the asset management business by selling shares in its joint venture to Japanese partner Nippon Life Insurance Co, which will take a controlling stake in India’s fifth-biggest mutual fund. Ambani’s Reliance Capital Ltd signed a binding definitive agreement to sell 32.12 percent of Reliance Nippon Life Asset Management Ltd for $649 million ...

Bloomberg Indonesia is ending its four-day curbs on social media after deadly riots that left seven dead and hundreds injured. Video and picture-sharing functions returned to normal on various social media and messaging system platforms, according to Communications Minister Rudiantara. The government froze the functions last week, citing security concerns after riots rocked the capital Jakarta the night before. This ...

Bloomberg The Trump Administration unveiled its latest package to help farmers survive a trade war with China, adopting a model that aims to avoid influencing production decisions. The corn futures fell. The program includes $14.5 billion in direct payments to producers. Aid for most crops will be calculated based on what is grown in each county rather than just individual ...