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S Korea must find fix to WWII labour case, says Japan’s Kono

Bloomberg Japan’s top diplomat says it is up to South Korea to resolve forced labour claims looming over dozens of Japanese companies that are threatening to upend ties between the two neighbours. Foreign Minister Taro Kono said in an interview that the South Korean Supreme Court’s decision ordering a Japanese company to pay compensation to people forced into its service ...

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Indian tycoon Birla’s Hindalco posts profit amid cost pressures

Bloomberg Indian billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd. reported a jump in quarterly profit driven by higher revenue at its aluminum operations even as it flagged risks from higher raw-material costs and rising imports. Net income, including that of its Utkal Alumina unit, rose to 7.3 billion rupees ($100 million) in the three months through September from 4.7 billion ...

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Gupta-linked firm JIC to be liquidated over debt

Bloomberg A South African mining contractor owned by the Gupta family has been put into liquidation, according to people with knowledge of the matter. Westdawn Investments, which does business as JIC Mining Services (Pty) Ltd., has debt of almost 60 million rand ($4.2 million), said the people, who asked not to be identified because the information isn’t public. The company ...

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