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India’s top steelmaker plows $1bn into US, more to come

Bloomberg India’s top steelmaker JSW Steel Ltd. says it’s scouting for more deals in the US and Europe to expand its global footprint, betting that vibrant growth will underpin demand in overseas markets and complement a boom at home that’s seen the mill ramp up local output. “What is driving us is that, inherently, we find it is an interesting ...

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US auto tariff would be ‘devastating’: Hyundai

Bloomberg Hyundai Motor Co. joined a chorus of rebuke from global automakers against possible import tariffs by the Trump administration, warning the duties would be “devastating” to the Korean automaker and its US operations. The tariffs “would not only harm Hyundai Motor’s US business operations and the American workers and communities the company supports, but it would also jeopardise Hyundai ...

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S Korea exports dip amid trade woes

Bloomberg South Korea’s exports slightly contracted in June, adding to concerns about the health of the country’s economy. Shipments fell 0.1 percent from a year earlier, compared with the 2.2 percent gain forecast in a Bloomberg survey of economists. Imports increased 10.7 percent, leaving a trade surplus of $6.32 billion, according to a statement from the trade ministry. The dip ...

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