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China’s coal giant awaits Rio response to Glencore’s offer

Bloomberg China’s Yanzhou Coal Mining Co. is holding fire on a counter offer for Rio Tinto Group’s Australian coal assets as it waits to hear whether Glencore Plc has succeeded in trumping the deal it struck six months ago. Glencore Chief Executive Officer Ivan Glasenberg has submitted a proposal to buy Rio’s Coal & Allied unit in New South Wales ...

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China, Singapore vow trade cooperation in sign of warmer ties

Bloomberg China and Singapore pledged to cooperate on trade and regional infrastructure projects, in a sign the countries have begun to repair ties strained amid security disputes in Southeast Asia. Chinese Foreign Minister Wang Yi and Singaporean counterpart Vivian Balakrishnan said on Monday in a briefing in Beijing they reached agreement to work more closely on China’s “Belt and Road” ...

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Economy must play role in verdicts, India top court rules

Bloomberg India’s judiciary must consider the interests of the economy and examine the impact of its verdicts on jobs, the country’s top court said in a judgment that could help reduce stalled projects in Asia’s third-largest economy. “The court needs to avoid that particular outcome which has a potential to create an adverse affect on employment, growth of infrastructure or ...

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