TOKYO / AFP Japan’s finance minister said the recent sharp rise in the yen is “extremely worrying”, adding Tokyo will take action when necessary. The remarks, which suggest Tokyo’s possible market intervention, came after the Japanese unit surged to an 18-month high against the dollar in New York Friday. It extended the previous day’s rally, which was boosted by ...

  Mumbai / Bloomberg Vodafone Group Plc has chosen banks to arrange a listing of its India business, which could raise as much as $3 billion and become the nation’s largest initial public offering, reports said. The Newbury, England-based company picked Bank of America Corp., Kotak Mahindra Bank Ltd. and UBS Group AG to lead the offering, which could take ...

  Jakarta / AFP Indonesia is pushing to ban new palm oil operations after last year’s haze-belching forest fires were partly blamed on the industry’s expansion, but producers are warning the move could hit the economy and green groups are sceptical. President Joko Widodo in April proposed a halt on granting new land for palm oil plantations in the world’s ...