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Indian court orders telecom firms to pay $13b in past dues

Bloomberg India’s top court ordered several telecom carriers, including Bharti Airtel Ltd, Vodafone Idea Ltd and many defunct ones, to pay the government as much as 920 billion rupees ($13 billion) in past dues, dealing a blow to the businesses already struggling to make profits and pare debt. The Supreme Court, in a ruling read out by a two-judge bench ...

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Singapore firms make gains among HK IPOs

Bloomberg Hong Kong’s small-cap listings are experiencing outsized gains on their debuts, and none more so than Singaporean companies. Four of them have gone public in Hong Kong in the second half of this year, opening 55% higher than their offer price on average and ending their first day up 58%, according to data compiled by Bloomberg. That compares with ...

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China willing to import $20b of US farm goods

Bloomberg China aims to buy at least $20 billion of agricultural products in a year if it signs a partial trade deal with the US, and would consider boosting purchases further in future rounds of talks, people familiar with the matter said. The $20 billion would take its imports of US farm goods back to around the level in 2017, ...

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