Bloomberg Indian telecom operator Reliance Communications Ltd will lose control of its undersea cable unit GCX Ltd after a Delaware Court approved a creditor-supported Chapter 11 plan for the subsidiary, in a setback to its own closely-watched bankruptcy process. The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a ...

Bloomberg Japan is planning to restart operations at Japan Investment Corp and will seek a budget of about 100 billion yen ($921 million) for the public-private fund, Nikkei reported. The budget for JIC, which stopped activity in late 2018 because of a rift between the fund and the government over salaries, could come from Japan’s fiscal investment and loan program, ...

Bloomberg China Railway Construction Corp deployed thousands of workers over four years to build part of a coal-carrying line from Inner Mongolia to Jiangxi province — about the same distance as midtown Manhattan to Walt Disney World Resort in Florida. The project cost about 200 billion yuan ($28 billion) in total and was heralded by state media in 2018 as ...