Bloomberg India’s trade deficit widened for a third straight month as exports remained sluggish amid a slowing global economy and escalating US-China trade war. The gap between exports and imports was $15.36 billion in May, slightly higher than $15.33 billion in April, according to data from the Commerce Ministry. That compares with the $15.74 billion median estimate in a Bloomberg ...

Bloomberg India has imposed higher customs duties on a raft of US goods on Sunday in response to similar measures taken by Washington, according to a government notice. The increased charges have been imposed on 28 products including chickpeas, phosphoric acid, apples, almonds and walnuts, according to the notice released late on Saturday. The country would get about $217 million ...

Bloomberg Activist investor Dan Loeb disclosed a $1.5 billion stake in Sony Corp. and pushed the company to make dramatic changes, including spinning off its semiconductor business and listing it in Japan. Sony’s shares rose 3.1% in Tokyo after Loeb’s Third Point published a letter and 102-page presentation pushing for changes at the Japanese media and electronics giant, including sales ...