Bloomberg Indian Railways has floated a global tender to procure rails, a move that may end the monopoly of state-run supplier Steel Authority of India Ltd. as Asia’s oldest network seeks to plug a supply shortfall. The state-run freight and passenger carrier is seeking to buy 700,000 metric tons of rails for track upgrades, Railway Minister Piyush Goyal said. The ...

Bloomberg Sogou Inc., the Chinese search engine backed by Tencent Holdings Ltd., aims to raise as much as $585 million in a US initial public offering. The company, born from the Chinese media company Sohu.com Inc., is marketing 45 million American depositary shares for $11 to $13 apiece, according to a filing with the US Securities and Exchange Commission. Sogou ...

Bloomberg China will send inspection teams to coal-producing regions and ports to target “malicious” hoarding and “price monopoly” as regulators seek to ensure stable prices during peak winter demand. Regulators will closely watch price levels and stockpile changes to gauge potential manipulation by market participants, including producers, that are aimed at boosting prices, the National Development and Reform Commission said. ...