Mumbai / Bloomberg Tata Steel Ltd., which is considering selling its U.K. unit amid a global glut and weak demand, is turning its focus back to India where it sees a long-term opportunity. India’s second-largest maker of the alloy will look at buying distressed assets as rapid economic expansion fuels demand in the coming years, according to Executive Director Koushik ...

TOKYO / Reuters The Bank of Japan is likely to cut its inflation forecasts for the coming two fiscal years at a quarterly review next month, sources familiar with its thinking say, keeping it under pressure to do more to hit its ambitious 2 percent price target. The downgrades, due largely to falling import prices from the yen’s rise and ...

Taipei / AFP Taiwan’s tech giant Hon Hai said net profit dipped in the fourth quarter, hit by a slowdown in demand for smartphones as key customer Apple warns waning sales of its iPhone. Net income in October-December fell 6.67 percent to $52.9 billion ($1.6 billion) while revenue slipped 4.69 percent, the company said in a statement on Wednesday. Hon ...