Bloomberg Philippine inflation will ease from a five-year high once lawmakers approve a measure that will allow more rice imports, giving authorities scope to delay an interest rate increase, according to a senior economic planner. Inflation that climbed to 4.3 percent in March will cool by at least 1 percentage point once a law limiting overseas purchases of the nation’s ...

Bloomberg An Indian court halted Vedanta Ltd.’s takeover process for Electrosteel Steels Ltd. after a challenge by Renaissance Steel Ltd., a rival bidder. The National Company Law Appellate Tribunal has agreed to hear Renaissance Steel’s appeal against Vedanta’s revival plan for indebted Electrosteel on May 17, posing a legal hurdle for the first large steel defaulter to complete the bankruptcy ...

Bloomberg Apple Inc. turned in a strong quarter with revenue, profit and forecasts all coming in ahead of analysts’ estimates. But that isn’t necessarily good for the hundreds of iPhone suppliers around the world, contrary to the market’s knee-jerk reaction. Apple’s better-than-expected results stemmed in part from the sale of ancillary goodies from games to cloud storage. None of those ...