Bloomberg One of the world’s top steelmakers is tracking this week’s high-stakes trade talks in Washington, forecasting that a failure by the US and China to make progress to end their prolonged stand-off risks undercutting steel demand as mainland manufacturing would likely take a hit. “If it doesn’t get sorted out by the day after tomorrow, then we can see ...

Bloomberg Indian billionaire Dilip Shanghvi intends to stay invested in unprofitable wind-turbine maker Suzlon Energy Ltd even though the company’s financial health has worsened over the last few years. “If I look at outcome then clearly that investment hasn’t had a great outcome,” Shanghvi said in an interview in Mumbai, adding that Suzlon has to solve its own challenges. Shanghvi, ...

Bloomberg Johnson & Johnson agreed to pay about $1 billion to resolve most lawsuits claiming it sold defective metal-on-metal hips that ultimately had to be removed, according to people with knowledge of the matter. With the agreement, J&J has now resolved more than 95 percent of the 6,000 cases in which surgeons extracted the Pinnacle implants because of defects that ...