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Temasek in talks for stake in Anbang

Bloomberg Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge of the matter. Temasek has been examining a potential deal for several months, the people said, asking not to be identified because the discussions are ...

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Low food prices are a budget problem for India’s Modi

Bloomberg A low inflation spell in an election year should be good news for any government, right? Wrong. For Prime Minister Narendra Modi, the subdued inflation numbers, due largely to low food prices, may present a budget problem. His government may have to shell out more to compensate farmers for low market prices of some crops under a plan announced ...

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VW’s Audi unit settles Munich diesel probe for $926 million

Bloomberg Volkswagen AG’s Audi unit agreed to pay an 800 million-euro ($926 million) fine for its role in the diesel-cheating scandal that has disrupted the car industry for more than three years and landed Audi’s longtime leader in jail. The penalty consists of the maximum fine of 5 million euros and the seizure of 795 million euros in profits the ...

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