Bloomberg Australian steel and iron ore producer Arrium Ltd. may face costs of as much as A$40 million ($30.6 million) following storms that caused blackouts and forced BHP Billiton Ltd. to halt its Olympic Dam copper operation. Arrium’s steelworks in the south-coast town of Whyalla and the mining of iron ore to feed the mill have been halted since …

  New Delhi / AFP Indians have declared almost $10 billion in hidden wealth under a government amnesty on tax evasion, as part of Prime Minister Narendra Modi’s moves to crack down on huge piles of black money. Finance Minister Arun Jaitley said the four-month scheme that closed on Friday had resulted in 64,275 declarations of previously undisclosed assets and …

  Bloomberg The yuan took on the mantle of a global reserve currency Saturday, a milestone that is seen breathing life into China’s bond markets by prompting estimated inflows of as much as $1 trillion over the next five years. The currency’s entry into the International Monetary Fund’s Special Drawing Rights — alongside the dollar, euro, pound and the yen …