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China trade pact stalls as Trump tariffs feed backlash from India

Bloomberg A Chinese push to conclude a new Asia-wide trade agreement this year is running into opposition from India fed partly by concerns over the fallout of Beijing’s deepening trade war with the US. The 16-country Regional Comprehensive Economic Agreement (RCEP) is the Beijing-backed rival to the Trans-Pacific Partnership (TPP), a vast regional pact once led by the US that ...

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Billionaire Mittal closer to India entry

Bloomberg Lenders for Essar Steel India Ltd., the biggest steel mill on the block under India’s new bankruptcy law, have selected ArcelorMittal as the preferred bidder for the asset, bringing the world’s largest steel maker a step closer to gaining a foothold in India’s growing market for the alloy. Arcelor, controlled by billionaire Lakshmi Mittal, will now begin final negotiations ...

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Japan’s inflation edges up, fuelled by energy prices

Bloomberg Japan’s most closely watched gauge of inflation edged up again in September with help of costlier energy to tally with Governor Haruhiko Kuroda’s latest view that consumer prices are rising at about half the pace targeted by the central bank. While Kuroda has taken a more bullish view on the current strength in inflation, economists said the latest data ...

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