Bloomberg Buyers for Britain’s biggest steel operations may be tough to come by. Faced with a market flooded with cheap Chinese exports, Tata Steel Ltd. is planning to sell its U.K. business after several quarters of losses and 2 billion pounds of writedowns left the division with an asset value of almost zero. Steel prices have plunged to the lowest ...

SHANGHAI / Reuters China’s Ministry of Finance unveiled details of its 2016 budget plans on Wednesday, with spending jacked up sharply on many items, including an 11-fold increase for “repairs” to 94 billion yuan ($14.54 billion). Other big increases have been made for health care and family planning, which will get a 47.2 percent boost to 12.43 billion yuan. Spending ...

Mumbai / Bloomberg Tata Steel Ltd., which is considering selling its U.K. unit amid a global glut and weak demand, is turning its focus back to India where it sees a long-term opportunity. India’s second-largest maker of the alloy will look at buying distressed assets as rapid economic expansion fuels demand in the coming years, according to Executive Director Koushik ...