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India defies world losses with steel output expansion

  Bloomberg At a time when a surplus is forcing steel mills to close around the world, India’s debt-laden producers are ramping up to supply more of the metal than ever. Steel Authority of India Ltd., Tata SteelBSE 1.02 % Ltd. and JSW SteelBSE -0.69 % Ltd. — which all posted losses last year — are targeting record output in ...

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Hanjin shares dive on fears over parent’s cash help

  Seoul / AFP Shares in South Korea’s Hanjin Shipping plunged more than 10 percent on Tuesday on worries its parent will not stump up promised cash to prevent it from going under, while a court told it to return chartered vessels to their owners. The world’s seventh largest shipper is seeking bankruptcy protection at home and in the US ...

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Vietnam to delay voting on TPP

  JAKARTA / Reuters Congress potentially has small window to ratify trade deal Vietnam is set to delay ratifying a massive U.S.-led Pacific trade pact until next year, as anxiety rises over the fate of the deal in Congress with America’s presidential election campaign exacerbating an anti-free trade mood. Ha Ngoc Chien, head of a parliamentary committee, suggested the National ...

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