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Apple partners shift from China over trade tensions

Bloomberg Apple Inc.’s main assemblers are shifting more output to India and Southeast Asia as trade tensions threaten to escalate costs in their longstanding production base of China. Hon Hai Precision Industry Co, known also as Foxconn, said over the weekend it’s investing more than $200 million in India and Vietnam. Smaller rival Pegatron Corp. said it’s moved to Indonesia ...

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Indian millers seek higher sugar price to clear $2.7bn dues

Bloomberg Sugar millers in India are urging the government to increase the benchmark price of the commodity to help them pay off about $2.7 billion they owe to farmers, according to a person familiar with the matter. The Indian Sugar Mills Association sent a letter to the government asking for the minimum selling price to be raised to 35-36 rupees ...

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Allianz progresses in talks for Malaysian car insurer

Bloomberg Allianz Malaysia Bhd has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co, people with knowledge of the matter said. AmGeneral Insurance Bhd’s owners have decided to enter detailed discussions with Allianz on a potential deal, according to the people, who asked not to be identified because ...

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