Bloomberg Embattled Indian tycoon Anil Ambani pledged to reduce debt at his infrastructure-to-finance conglomerate to a “bare” minimum, seeking to bolster investor confidence in an empire that’s grappling with high leverage and delayed asset sales. The Reliance Anil Dhirubhai Ambani Group has repaid 350 billion rupees ($5 billion) in the past 14 months, an amount entirely raised through disposal of ...

Bloomberg Citigroup Inc was suspended from the primary group of dealers that participate at certain Japanese government bond auctions after it was found to have manipulated futures prices. The Ministry of Finance ordered Citigroup Global Markets Japan Inc’s exclusion from participating in “non-price competitive auctions” and certain other government bond sales for a month from June 13, it said. The ...

Bloomberg China’s car sales declined for the 12th consecutive month, a historic slump that’s left manufacturers reeling as trade tensions and economic worries weigh on consumer sentiment. Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 12.5 percent to 1.61 million units in May, the China Passenger Car Association said. The unprecedented slide has hit local brands ...