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China, Myanmar ink agreements in latest sign of improving ties

Bloomberg China and neighbouring Myanmar agreed to expedite several projects designated as part of the pan-Eurasia Belt and Road Initiative in a sign of growing ties between both countries. The two sides inked 33 agreements as Chinese President Xi Jinping wrapped up a visit to the Myanmar capital of Naypyidaw on Saturday, where he met his counterpart Aung San Suu ...

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Toyota showers billions on US plants after slow shift to SUVs

Bloomberg Toyota Motor Corp has poured more money into yet another North American plant to boost production of the SUVs and trucks US customers increasingly seek instead of sedans. The Japanese automaker said it has spent $700 million and hired 150 new workers at its plant in Princeton, Indiana, mostly to increase output of its Highlander sport utility vehicle. The ...

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India top court to hear plea on stalling bullet train project

Bloomberg India’s top court will hear a group of farmers seeking to halt land acquisition for the South Asian nation’s maiden high-speed rail project, funded by Japan. A two-judge bench headed by Justice Deepak Gupta issued a notice to the government seeking its view on the farmers’ petitions. The nation’s apex court will hear the case on March 20. The ...

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