Bloomberg India extended its floor price regime on steel imports for a further two months, as the world’s third-biggest producer seeks to insulate domestic mills from a global glut. Steelmakers gained in Mumbai. The country extended minimum import prices, ranging from $341 to $752 a metric ton depending on the type of product, until Oct. 4, the commerce ministry ...

  Bloomberg Japan’s auto industry is going back to tried-and-tested plays to ease the pain of yen strength as Toyota Motor Corp.’s prediction for a 37 percent plunge in earnings threatens to end the era of record profits. A resurgent yen wiped almost half a trillion yen ($5 billion) off the operating income of Japan’s seven automakers in the first ...

  Almaty / AFP Major Russian mobile operator Mobile TeleSystems (MTS) has abandoned its stake in a lucrative joint venture in Uzbekistan, the Central Asian country’s communications ministry said late on Friday. The ministry’s announcement, which the company also confirmed later, said the state-owned Center of Radio Communication, Broadcasting and Television had become “sole owner” of the pair’s joint venture ...