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Relief for Tata in India’s biggest corporate feud

Bloomberg India’s Tata Group scored a temporary victory in a corporate feud after the nation’s top court said an ousted chairman can’t return to his old job, a move that promises to reduce the legal distractions threatening to stunt growth at the $111 billion conglomerate. A three-judge Supreme Court bench put on hold a lower court verdict last month that ...

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Japan Post CEO puts growth aside to fix scandal-hit group

Bloomberg Japan Post Holdings Co’s new chief executive officer vowed to restore the group’s reputation and said it’s too soon to think about growing business after an insurance scandal brought down his predecessor. “My mission is to forge a solid footing,” Hiroya Masuda said in Tokyo. “We have just received a business suspension order. We would lose investors’ trust if ...

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China will reach 2019 growth goal, says NBS

Bloomberg China will reach its target of economic growth of 6% to 6.5% in 2019, said National Bureau of Statistics (NBS) head Ning Jizhe, just days before the official release of data on gross domestic product from last year. China remains the world’s fastest-growing economy larger than $10 trillion, he said at a forum on Saturday, according to a report ...

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