New Delhi / Bloomberg UltraTech Cement Ltd, India’s largest cement producer, said it will buy units of Jaiprakash Associates Ltd., including equity and debt, for 165 billion rupees (US$2.4 billion). The deal will increase UltraTech’s capacity 33 percent to 90.7 million tons and give it access to newer markets in six Indian states, including Uttar Pradesh and Madhya Pradesh, the ...

Sydney / Bloomberg Gold output in Australia, the world’s second-biggest producer, reached the highest in 12 years in 2015 as rising prices see miners revive mothballed operations. Full-year production was 285 metric tons last year, almost two tons more than in 2014 and the highest annual total since 2003, mining consultancy Surbiton Associates Ltd. said on Sunday in an e-mailed ...

NEW YORK / Bloomberg Billionaire investor Warren Buffett, long an optimist about the nation where he made his fortune, rejected the economic pessimism dominating the 2016 U.S. presidential campaign and forcefully made the case for a bright future. “As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves ...