Bloomberg Emami Group, an Indian conglomerate that runs businesses from cosmetics to a paper mill, has picked Arpwood Capital Ltd and Credit Suisse Group AG to manage the sale of its cement unit, people familiar with the matter said. The bankers will start reaching out to prospective buyers for Emami Cement Ltd, seeking a valuation of about $1 billion, one ...

Bloomberg Malaysia’s finance minister said the 2020 budget will take into account risk scenarios caused by the continuing US-China trade war even as the nation’s economy shows signs of resilience. “The government recognises the downside risk that exists from a slower global growth, especially when Malaysia’s top trade partners are experiencing an economic slowdown,” Lim Guan Eng said in a ...

Bloomberg Toyota Motor Corp is abandoning plans to make its Corolla compact car at a new factory it’s building in Alabama, choosing to manufacture a sport utility vehicle there instead. The decision to switch gears at the plant in Huntsville, Alabama, reflects the “changing market demands and a growing appetite for light trucks and SUVs which are achieving record sales,” ...