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Asia’s new stock-market king has strong profits

Bloomberg With Japan regaining its place as the second-biggest stock market amid growing trade tensions between the world’s two largest economies, investors expect the nation’s equities to garner more attention. Japanese shares were worth $6.15 trillion compared with just under $6 trillion for Chinese equities, according to data compiled by Bloomberg. The markets swapped position behind the US for the ...

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Pound bulls look to UK data in hope to revive fortunes

Bloomberg The ailing pound may need a dose of positive UK data to help it recover from a losing run against the dollar. Traders will watch data due this week in the hope that evidence of a strong economy will help boost the currency. Sterling dropped below $1.30 for the first time in seven weeks as investors looked past the ...

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Tata gets $1.3 billion India bill to close its phone deal

Bloomberg Tata Group may have to pay around $1.3 billion in dues to the Indian government to rescue the proposed sale of its mobile-phone business to Bharti Airtel Ltd., people familiar with the matter said. The department of telecommunications is demanding that Tata Teleservices Ltd. clear any obligations to the government before it approves the deal that was struck in ...

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