Bloomberg Malaysia is making progress in talks with China to revive a high-speed rail project that Prime Minister Mahathir Mohamad’s government said it would cancel, according to Foreign Minister Saifuddin Abdullah. China is willing to reduce the $20 billion price tag for the East Coast Rail Link project and talks are “in the last mile,” Saifuddin said in an interview ...

Bloomberg ArcelorMittal has made an offer of 48 billion rupees ($672 million) to buy an Essar Power generation plant in India, outbidding the founding Ruia brothers, according to people with knowledge of the matter. The non-binding offer from the world’s largest steel producer to lenders of 1,200-megawatt power plant in the central Indian state of Madhya Pradesh compares with a ...

Bloomberg Huawei Technologies Co.’s founder Ren Zhengfei said “there’s no way the US can crush us,” according to an interview he gave to BBC. “The world cannot leave us because we are more advanced. Even if they persuade more countries not to use us temporarily, we can always scale things down a bit,” he said. The Trump Administration has been ...