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India looks to Asian mills for SAIL tie-up

Bloomberg India is in talks with Japanese and South Korean mills for a joint venture with state-run Steel Authority of India (SAIL) as years of delays hold up a deal with the world’s biggest steelmaker ArcelorMittal. The steel ministry is in talks with mills including Nippon Steel, Mitsubishi Steel and Posco for a JV, says Indian mill’s Chairman Anil Kumar ...

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Toyota, Mazda lead Japan auto shares lower on Trump tweet

Bloomberg Japanese automakers’ biggest fears began to materialise with a single tweet from US President Donald Trump saying that he would impose a 5 percent tariff on goods from Mexico. That’s because many of them build cars for export to the US in the country south of the American border. The shares of Japanese automakers, many of them already facing ...

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Toshiba to pay Total $815m to exit LNG plant

Bloomberg Toshiba Corp will transfer its rights to process natural gas at the Freeport LNG project in Texas to France’s Total SA, the companies said. Toshiba will pay Total $815 million to hand over the 20-year liquefaction rights to the French major and expects to finalise the deal by March 2020, according to a statement from the Tokyo-based company. Total ...

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