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India’s path to become world’s 5th-biggest economy is shaky

Bloomberg India’s economy grew at a faster pace than most major nations in 2018, and this year, it’s poised to overtake the UK to become the world’s fifth-biggest. But that journey won’t be smooth. The outcome of a general election due by May is a potential pitfall for a nation already battered by emerging market turmoil and a currency rout ...

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Ghosn set to mount ‘defense’ at hearing

Bloomberg Nissan Motor Co.’s former chairman Carlos Ghosn, indicted on suspicion of violating Japan’s financial reporting laws, will mount a “vigorous defense” at his first hearing on Monday, his son, Anthony, told France’s Journal Du Dimanche in an interview. Carlos Ghosn will attend a hearing of the Tokyo district court on Monday after his legal team requested an explanation of ...

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Hong Kong govt not to ease property cooling

Bloomberg The Hong Kong government has no plan to ease property-cooling measures, including the stamp duty on second homes or for overseas buyers, as many residents still can’t afford to purchase homes in the city, Financial Secretary Paul Chan said in a blog. The government also doesn’t plan to lift the special stamp duty, which levies home owners who sell ...

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