Bloomberg Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space. The board of Ambani’s Reliance Industries Ltd approved a proposal to plow 1.08 trillion rupees ($15 billion) into ...

Bloomberg Vietnam slapped five-year tariffs on Chinese and South Korean colour-coated steel products after domestic producers said unfair pricing from overseas competitors caused them to shut down production lines. Anti-dumping duties of 2.53% to 34.27% are being applied to steel products from China, Vietnam’s Ministry of Industry and Trade said in a statement on its website. Tariffs of 4.71% to ...

Bloomberg China’s ban on individual travel to Taiwan could see visitors to the island fall for the first time since the devastating SARS outbreak of 2003. The number of mainlanders travelling to the island plunged 46% in September, according to data from Taiwan’s Tourism Bureau. China banned individual travellers from heading to Taiwan in July, although tourists are still allowed ...