SHANGHAI / Reuters China’s Ministry of Finance unveiled details of its 2016 budget plans on Wednesday, with spending jacked up sharply on many items, including an 11-fold increase for “repairs” to 94 billion yuan ($14.54 billion). Other big increases have been made for health care and family planning, which will get a 47.2 percent boost to 12.43 billion yuan. Spending ...

Mumbai / Bloomberg Tata Steel Ltd., which is considering selling its U.K. unit amid a global glut and weak demand, is turning its focus back to India where it sees a long-term opportunity. India’s second-largest maker of the alloy will look at buying distressed assets as rapid economic expansion fuels demand in the coming years, according to Executive Director Koushik ...

TOKYO / Reuters The Bank of Japan is likely to cut its inflation forecasts for the coming two fiscal years at a quarterly review next month, sources familiar with its thinking say, keeping it under pressure to do more to hit its ambitious 2 percent price target. The downgrades, due largely to falling import prices from the yen’s rise and ...