Bloomberg India is seeking preliminary bids for the privatisation of state-run refiner Bharat Petroleum Corp as Prime Minister Narendra Modi speeds up asset sales to help plug the budget gap. The government plans to sell about 1.15 billion shares, its entire stake of roughly 53%, according to a memorandum. It’s inviting both domestic and foreign suitors in the private or ...

Bloomberg Thailand is hindering Chinese tourists because of the novel coronavirus outbreak, normally an unthinkable step for a country that relies on their spending for economic growth. The government signalled that it prefers arrivals from China, Hong Kong, Macau, South Korea, Iran and Italy to self-quarantine for 14 days to prevent the spread of the Covid-19 disease. They also have ...

Bloomberg The US trade deficit narrowed by more than expected at the start of the year ahead of broader supply-chain disruptions from the coronavirus that have since hit businesses dependent on shipments from China. The overall US deficit in goods and services trade shrank to $45.3 billion in January, from $48.6 billion in the prior month, according to data released ...