BLOOMBERG  China’s yuan jumped after the country’s central bank moved to shore up the currency following a recent selloff, vowing to curb speculation and calling for more stability in the foreign exchange market. The People’s Bank of China (PBOC) and the foreign exchange regulator will “strengthen market expectation guidance and take actions to correct pro-cyclical and one-way market behaviours when ...

BLOOMBERG  India is unveiling a 170 billion rupee ($2 billion) financial incentive plan to draw makers of laptops, tablets and other hardware to the South Asian nation as companies look to diversify supply chains beyond China. Prime Minister Narendra Modi is capitalising on the early success of Apple Inc’s local assembly operations — which have helped the US company produce ...

BLOOMBERG  Vans haven’t always been objects of desire. When Fiat launched its Multipla model in the late 1990s, supporters of the soccer team Juventus — many of whom worked for the Italian carmaker — were subjected to stadium banners calling them as unpleasant-looking as the van they built. While Mercedes-Benz’s passenger car division likes to trumpet its popularity among royalty ...