Bloomberg China is in preliminary talks to support the European Union’s (EU) backup plan for settling international trade disputes as president Donald Trump’s administration gets closer to scuttling the World Trade Organisation’s (WTO) role in refereeing cross-border commerce. China’s Ambassador to the WTO Zhang Xiangchen told Bloomberg News that Beijing is actively working to support the EU’s vision of an ...

Bloomberg Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds ($1.52 billion) in unpaid debts. The banks and an asset restructuring company, led by the State Bank of India (SBI), have taken the tycoon to a London court in what lawyers have described as “the end of the road” in their ...

Bloomberg Singapore’s property glut is an unintended consequence of government measures to force developers to build and sell apartments quickly or face stiff penalties, according to City Developments Ltd. The city-state’s second-biggest home builder has come out swinging against a rule that imposes a levy on companies if they don’t complete construction and sell all units within a period of ...