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Even trade war winners will lose eventually: Apec

Bloomberg There’s no escaping the impact of the US-China trade war, even for countries that stand to benefit from it in the short term, Asia-Pacific Economic Cooperation (Apec) Secretariat Executive Director Alan Bollard said. “The models show a certain amount of trade diverts out of China to Northeast Asia or Southeast Asia,” Bollard said in an interview in Port Moresby, ...

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Infosys soars as sales rise at fastest pace in two years

Bloomberg Infosys Ltd.’s shares climbed after the Indian software exporter reported stronger-than-expected net income and sales as investments in higher-margin digital services and automation begin paying off. Asia’s second-largest exporter of software services reported net income of 41.1 billion rupees ($558 million) in the September quarter. That compared with the 40.5 billion-rupee average estimate. Revenue climbed 17.3 percent to 206.1 ...

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Gold prices in India surge to two-year high

Bloomberg Gold buyers in India, the biggest market after China, may give jewelry stores a miss in the run-up to the Diwali festival this year because of a surge in domestic prices to the highest level in more than two years. Bullion has climbed in local markets because of a weak rupee, and rising prices just before the celebrations of ...

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