Bloomberg India’s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. “National Highways Authority of India totally logjammed with unplanned and excessive expansion of roads,” the prime minister’s office wrote to NHAI in a letter. “NHAI mandated ...

Bloomberg South Korea’s exports extended their slump in August as an escalating feud with Japan adds to uncertainties for the economy already elevated amid the US-China trade war. Exports fell 13.6 percent in August from a year earlier, a ninth consecutive month of contraction, data from the trade ministry showed. That compared with economists’ consensus for a 12.5 percent drop. ...

Bloomberg Car sales at Maruti Suzuki India Ltd, the nation’s biggest car maker, dropped 33 percent to 106,413 units, the company said in a press statement on Sunday. Deliveries of its small cars fell about 72 percent to 10,123, while exports declined 10.8 percent to 9,352. Car sales dropped 34 percent in July, the biggest decline in sales in almost ...