Bloomberg China targeted FedEx Corp in its escalating trade war with the US, giving a hint of the kind of foreign companies it may blacklist as “unreliable.” As details of China’s criteria trickled out, the investigation into FedEx’s “wrongful delivery of packages” was framed by the state news agency as a warning by Beijing after the Trump administration imposed a ...

Bloomberg Samsung Electronics Co Vice Chairman Lee Jay Yong convened a meeting with top executives and discussed ways to deal with the worsening global business environment as South Korea’s chip exports plunged. The meeting at Samsung’s memory-chip plant in Hwaseong, South Korea, came on the day the country reported a 30.5 percent decline in semiconductor exports for May. Worsening US-China ...

Bloomberg India is in talks with Japanese and South Korean mills for a joint venture with state-run Steel Authority of India (SAIL) as years of delays hold up a deal with the world’s biggest steelmaker ArcelorMittal. The steel ministry is in talks with mills including Nippon Steel, Mitsubishi Steel and Posco for a JV, says Indian mill’s Chairman Anil Kumar ...