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DHL to expand India warehouses on e-commerce boom, sales tax

Bloomberg India’s bustling e-commerce transactions and a planned new national tax system that’s expected to boost freight movement are prompting Deutsche Post DHL Group to expand warehouse capacity in one of the world’s fastest growing major economies. “We see business-to-consumer as the next big challenge, a big growth area and we really want to tap into that through businesses such ...

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Undervalued Sony poised to rise 39%

Bloomberg Sony Corp. shares are undervalued and could rise as much as 39 percent, Oasis Management’s Seth Fischer said at the Sohn Conference in Hong Kong. Sony has undergone a massive turnaround since Chief Executive Officer Kazuo Hirai took the helm in 2012, jettisoning unprofitable businesses such as its Vaio personal computer unit, the chief investment officer of the Hong ...

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China ready to buy more treasuries as yuan stabilizes

Bloomberg China is prepared to increase its holdings of US Treasuries under the right circumstances, as officials judge the assets are becoming more attractive than other sovereign debt and as the yuan stabilizes, according to people familiar with the matter. Treasuries surged on the news, driving yields to the lowest since November. The people didn’t specify the exact circumstances for ...

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