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Honda to launch new twin SUVs in China

  Bloomberg In China’s auto market, carmakers are employing a strategy that’s long been eschewed by the rest of the world: if a new model is helping you win, introduce a twin. Take Honda Motor Co., whose namesake brand has been the fastest growing in China’s mass market this year. With its sales gaining on demand for Vezel and XR-V ...

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India asks Power Grid to consider selling stakes

  Bloomberg Power Grid Corp. of India Ltd., a state-run electricity transmission company, should sell stakes in its projects to unlock capital for future expansion, according to the nation’s power ministry. The company should cut its balance sheet size to half by selling stakes in projects, power minister Piyush Goyal said in New Delhi on Wednesday. It should consider an ...

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More Asian defaults loom in 2017 amid Korea shipyard debt

  Bloomberg As if investors in Asia’s troubled corporate bond markets don’t have enough to worry about, concern is mounting about whether South Korean shipyards will be able to repay record amounts of debt coming due next year. Yields on bonds of Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. have shot up this year. The top ...

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