Shanghai / Bloomberg CRRC Corp., China’s only maker of high-speed locomotives, plans to raise as much as 12 billion yuan ($1.8 billion) in a private share sale in Shanghai to repay debt and to help finance its daily operations. The company’s board has approved the sale of as many as 1.39 billion yuan-denominated. A shares at 8.66 yuan apiece, ...

  New Delhi / Bloomberg Coal India Ltd., the world’s biggest producer of the fuel, missed analysts’ estimates for fourth-quarter profit as oversupply of the fuel and lower international prices trimmed earnings. Net income for the three months ended March 31 rose to 42.5 billion rupees ($634 million) from 42.4 billion rupees a year earlier, the state-run monopoly said in ...

  Tokyo / AFP Japanese Prime Minister Shinzo Abe intends to push back his debt-loaded country’s next tax hike for two and a half years, when he will likely have left office, reports said on Sunday. Abe on Saturday told his close aides, including Finance Minister Taro Aso, that he intends to push back a planned raise in taxes to October ...