Bloomberg A potent blend of pride, economic nationalism and mounting concern over water security have the world’s two biggest cola brands in a bind in southern India. Shopkeepers in drought-hit Kerala state decided to promote local brands over Coca-Cola Co. and PepsiCo Inc. beverages after counterparts in neighboring Tamil Nadu boycotted the multinational drinks. While retail groups claim the …

  Bloomberg First it was Japan’s steelmakers, now it’s the nation’s power producers that are set to pay for China’s coal policies. Japanese utilities may pay at least 29 percent more for annual supplies this year after China’s efforts in 2016 to trim overcapacity led to a more than doubling of spot prices, according to UBS Group AG and Morgan …

  Bloomberg China introduced a new indicator for the services sector to better track the vast range of activity from movies to restaurants that now account for more than half of the economy. The services output index rose 8.2 percent in January and February from a year earlier on growth in technology, transportation, and deliveries, the National Bureau of the …