Bloomberg Apple Inc has a backup plan if the US-China trade war gets out of hand. The Cupertino, California-based company’s primary manufacturing partner has enough capacity to make all iPhones bound for the US outside of China if necessary, according to a senior executive at Hon Hai Precision Industry Co. The Taiwanese contract manufacturer now makes most of the smartphones ...

Bloomberg Embattled Indian tycoon Anil Ambani pledged to reduce debt at his infrastructure-to-finance conglomerate to a “bare” minimum, seeking to bolster investor confidence in an empire that’s grappling with high leverage and delayed asset sales. The Reliance Anil Dhirubhai Ambani Group has repaid 350 billion rupees ($5 billion) in the past 14 months, an amount entirely raised through disposal of ...

Bloomberg Citigroup Inc was suspended from the primary group of dealers that participate at certain Japanese government bond auctions after it was found to have manipulated futures prices. The Ministry of Finance ordered Citigroup Global Markets Japan Inc’s exclusion from participating in “non-price competitive auctions” and certain other government bond sales for a month from June 13, it said. The ...