Bloomberg Acting Defense Secretary Patrick Shanahan said the US and China would eventually resolve their differences, downplaying the significance of escalating trade tensions even as he ripped Beijing’s leaders for behavior that “sows distrust” in Asia. In a speech in Singapore that came hours after he met a top Chinese defense official, Shanahan indirectly blasted Beijing for employing a “toolkit ...

Bloomberg Prime Minister Narendra Modi began his second term by expanding an income support program for India’s small farmers, increasing the initiative’s annual cost to $12.5 billion for the new government that’s facing an economic slowdown. The newly-appointed cabinet approved extending the cash distribution plan to 20 million more farmers, taking the total beneficiaries to 145 million people who would ...

Bloomberg Beleaguered Indian businessman Anil Ambani is on an asset sale spree to raise funds to meet mounting debt obligations. New fundraising via such sales will help Reliance Capital Ltd, the last stronghold of the former billionaire’s wider conglomerate, to pay 11 billion rupees ($158 million) that comes due over the next month. The company is in talks to sell ...