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‘China won’t make big concessions to US on trade pact’

Bloomberg China won’t make big concessions to the US in order to seal a trade deal, former finance minister Lou Jiwei said in Beijing on Wednesday, calling some US demands for change “unreasonable.” “China’s concessions probably won’t be very big because a lot of their demands are what we already plan to reform,” Lou, who was finance minister until 2016 ...

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Indonesia’s Mayora to boost exports

Bloomberg PT Mayora Indah, Indonesia’s largest listed consumer goods exporter, expects demand for its instant coffee and biscuits to drive a double digit growth in revenue during next five years. The company, which generates about half its revenue overseas, will boost instant coffee exports to Russia and Eastern European countries this year, said Ricky Afrianto, Mayora’s global marketing director. It ...

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Ghosn walks out of prison on $8.9mn bail after 108 days

Bloomberg Carlos Ghosn walked out of a Tokyo prison on bail after 108 days in detention, vowing to fight allegations of financial crimes that could imprison the former Nissan Motor Co. chairman for as long as a decade. Flanked by police officers and wearing construction worker reflectors, a light blue baseball cap, a face mask and eyeglasses, Ghosn climbed into ...

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