Bloomberg Fortis Healthcare Ltd. shares extended their best monthly gain in more than three years after IHH Healthcare Bhd. and two Indian tycoons revised their offers in the race for the country’s second-largest hospital chain. The stock climbed 4.3 percent to 158.90 rupees, its highest close since March 15. Fortis shares gained 24 percent last month, the best performance since ...

Bloomberg Philippine inflation will ease from a five-year high once lawmakers approve a measure that will allow more rice imports, giving authorities scope to delay an interest rate increase, according to a senior economic planner. Inflation that climbed to 4.3 percent in March will cool by at least 1 percentage point once a law limiting overseas purchases of the nation’s ...

Bloomberg An Indian court halted Vedanta Ltd.’s takeover process for Electrosteel Steels Ltd. after a challenge by Renaissance Steel Ltd., a rival bidder. The National Company Law Appellate Tribunal has agreed to hear Renaissance Steel’s appeal against Vedanta’s revival plan for indebted Electrosteel on May 17, posing a legal hurdle for the first large steel defaulter to complete the bankruptcy ...