Bloomberg India outlined the contours of a $1.5 trillion plan to build infrastructure over the next five years to shore up economic growth. The programme will include existing projects in the energy, road and railway sectors in the pipeline, Finance Minister Nirmala Sitharaman told reporters. Private companies will account for 22%-25% of the investments, with the federal government and states ...

Bloomberg China is set to award safety certificates for genetically-modified corn, paving the way for domestic production as the world’s most-populous country turns to the controversial technology to boost food security. Two strains of GMO corn, one developed by Beijing Dabeinong Technology Group Co and another by Zhejiang University and a biological company in Hangzhou, are likely to be given ...

Bloomberg South Korea’s exports posted the smallest decline since April, offering evidence that the worst may be over for the Asian bellwether of global trade. Exports in December fell 5.2% from a year earlier, data from customs office showed on Wednesday. Economists surveyed by Bloomberg had expected a 8.6% fall. Imports decreased 0.7%. The letup in exports slump adds to ...

Bloomberg Indian stocks rose on the expectation that a slowdown in economic expansion has bottomed out and growth will recover in 2020 on the back of Finance Minister Nirmala Sitharaman’s planned $1.5 trillion infrastructure push. The S&P BSE Sensex climbed 0.1% to 41,306.6 at the 3:30 pm close in Mumbai. The NSE Nifty 50 Index also advanced by 0.1%. Stocks ...

Bloomberg China’s manufacturing sector continued to expand output in December, adding to evidence that the world’s second-largest economy is stabilising as the signing of a phase one trade deal with the US nears. The manufacturing purchasing managers’ index remained at 50.2, according to data released by the National Bureau of Statistics. The outlook for export-oriented firms brightened, with a sub-index ...

Bloomberg European gas and power prices extended declines after a last-gasp accord between Russia and Ukraine on natural gas flows averted a winter supply crisis. The two former Soviet allies signed all agreements needed for flows to Gazprom PJSC’s main markets in the west to continue for the next five years. Steady shipments from Europe’s dominant supplier, coupled with record ...

Bloomberg The UK government will give a pay rise to the lowest earners next year, as it seeks to deliver on its election manifesto promise to raise living standards as the country leaves the European Union (EU). Chancellor of the Exchequer Sajid Javid said the minimum wage will increase by 6.2% from April 1, in line with the recommendation of ...

Bloomberg A trade deal between the US Companies are lining up debt sales to the tune of $120 billion in January, a 9% increase from last year, according to an informal survey of dealers. Several leftovers from December — such as JD.com Inc and Reinsurance Group of America Inc — could sell debt soon after markets reopen following investor meetings ...

Bloomberg Home prices in 20 US cities rose at the fastest pace in five months in October, posting a third straight acceleration as real estate markets showed fresh strength at the start of the fourth quarter. The S&P CoreLogic Case-Shiller index of property values advanced 2.2% from October 2018, according to data that exceeded estimates in Bloomberg survey of economists. ...

Bloomberg US President Donald Trump said he will sign the first phase of a trade deal with China on January 15. “The ceremony will take place at the White House,” he said on his Twitter account, adding he will be going to Beijing where he said talks will begin on the second phase of the deal. I will be signing ...