New Delhi / AFP Indian tax authorities have threatened to seize Vodafone’s assets in the country if it does not pay a $2.1 billion tax bill, the company said on Tuesday, the latest twist in a long-running dispute. The UK-based telecoms firm has fought with India’s tax office for years over whether it should pay tax on its $11 billion ...

Tokyo / AFP The dollar held steady against the yen and euro on Tuesday after rallying on newfound confidence across world markets thanks to a pick-up in oil prices and easing concerns about China’s yuan. Crude soared on Tuesday for a third day on reports that of an expected meeting between key producers Saudi Arabia and Russia planned for later ...

Beijing / Bloomberg China’s main government organs have pledged to tackle overcapacity and reduce financing costs and the debt burden of companies as officials seek to underpin growth in the world’s second-largest economy. Authorities will use multiple liquidity management tools, improve macro-prudential management and keep appropriate liquidity levels and stable money market operations, according to a joint statement issued on ...