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Australia posts first trade surplus in 3 years

  Bloomberg Australia recorded its first trade surplus in almost three years as Chinese demand stoked prices for its two biggest exports, iron ore and coal. First trade surplus since March 2014. Exports climbed 8% from month earlier; imports were little changed. Most iron ore exports since August 2014 in local currency terms; most coal exports since January 2012 October ...

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Tata Sons calls shareholders meet to oust Mistry from board

  Bloomberg Tata Sons Ltd., the holding company of India’s largest conglomerate, has called for an extraordinary general meeting on February 6 to oust former Chairman Cyrus Mistry from the board of the closely held firm, according to a company spokesman. Mistry, whose family owns 18.5 percent of Tata Sons, resigned as director from all Tata Group companies and filed ...

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China factory gauge steadies near post-2012 high

  Bloomberg China’s official factory gauge stabilized near a post-2012 high in December, capping a year of steady improvement and signaling policy makers have leeway to curb financial risks while keeping growth humming. The services gauge remained elevated. Input prices jumped. Manufacturing purchasing managers index stood at 51.4 last month, compared with a median estimate of 51.5 in a Bloomberg ...

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