Bloomberg PT Semen Indonesia, the country’s top cement maker, is acquiring LafargeHolcim Ltd.’s local business in a deal valuing the unit at about $1.75 billion including debt. LafargeHolcim agreed to sell its entire holding in PT Holcim Indonesia as part of a continuing review of its portfolio, according to a statement. Semen Indonesia will conduct a tender offer for remaining ...

Bloomberg Amid a banner year for Hong Kong listings, cracks are starting to show in the world’s biggest market for initial public offerings. A parenting website part-owned by Alibaba Group Holding Ltd. delayed the launch of its Hong Kong IPO, while one of China’s top travel-booking sites started taking orders for an offering in the city that’s a fraction of ...

Bloomberg India’s first inland voyage by a container ship since it gained independence from Britain 70 years ago ended when the vessel docked in the holy city of Varanasi today, a development officials hope will help shift cargo from the country’s congested road and rail networks. The 1,390 kilometres Ganga watercourse is one of the 111 waterways spanning 20,276 kilometres ...