Bloomberg In the middle of a brand-new four-lane highway cutting through southern Sri Lanka’s jungle, Vijitha Gamage and his family left large piles of freshly harvested rice paddy to dry on the baking asphalt. They didn’t need to dodge traffic. On a recent afternoon, the barely used highway built with Chinese money through a rural stretch of the island nation ...

Bloomberg Two days of US-China trade discussions ended in Beijing with an agreement to keep on talking, and little else. China’s official Xinhua News Agency reported that both sides reached a consensus on some trade issues while acknowledging major disagreements on some matters. It said they would continue discussions, without providing specifics for when they would start again. Neither side ...

Bloomberg Shares of CBS Corp. and Viacom Inc. surged on speculation that a long-awaited merger between the two companies may finally be close. CBS Chief Executive Officer Leslie Moonves helped kick off the rally with stronger-than-expected results, signaling that his management team should stay in control in the event of a Viacom deal. The upswing gained additional momentum afternoon, when ...