Bloomberg If Donald Trump slapped China with punishing tariffs, the pain would also be felt by Japan, South Korea and Taiwan, vital cogs in a regional supply chain that allows China to build widgets and gadgets for the world. But Asia boasts a fast-growing middle class now numbering in the hundreds of millions, meaning China and other regional exporters ...

  Bloomberg Jindal Steel & Power Ltd., seeking to cut debt after eight straight quarters of losses, is in talks with companies including billionaire Gautam Adani’s Adani Power Ltd. about selling a 2,400-megawatt Indian electricity plant, people with knowledge of the matter said. The New Delhi-based company has been in discussions about selling the plant to Adani Power as lenders ...

  TOKYO / AP Tokyo-based Honda Motor Co. reported a 36 percent jump in profit for October-December on year, shrugging off damage from a strong yen, and the Japanese automaker raised its full year forecast. Cost cuts lifted fiscal third quarter profit to 168.8 billion yen ($1.5 billion), up from 124.1 billion yen the previous year. Also helping was the ...

  Bloomberg Hyundai Motor Co, South Korea’s biggest automaker, plans to partner with billionaire Mohammad Mian Mansha’s Nishat Mills Ltd. to start assembling cars in Pakistan as vehicle sales accelerate in the $271 billion economy. Nishat Mills’ venture, which includes Hyundai and Sojitz Corp., will assemble passenger and one-ton commercial vehicles in Pakistan, the company said in a stock exchange ...

  Bloomberg Costly delays, growing complexity and new safety requirements in the wake of the triple meltdown at Fukushima are conspiring to thwart a new age of nuclear reactor construction. So-called generation III+ reactors were supposed to have simpler designs and safety features to avoid the kind of disaster seen in Japan almost six years ago. With their development, the ...

  Bloomberg Apple Inc. will begin assembling iPhones in India by the end of April, a regional minister says, heightening its focus on the world’s fastest-growing major smartphone market as growth slows elsewhere. The US company has tapped Taiwan’s Wistron Corp. to put together its phones in the tech capital of Bangalore in Karnataka, said Priyank Kharge, the state’s information ...

  Bloomberg China’s escalating crackdown on capital outflows is sending shudders through property markets around the world. In London, Chinese citizens who clamored to purchase flats at the city’s tallest apartment tower three months ago are now struggling to transfer their down payments. In Silicon Valley, Keller Williams Realty says inquiries from China have slumped since the start of the ...

  Bloomberg This year, tax reform could give US companies access to hundreds of billions of dollars they have stashed overseas. Many corporations can’t wait that long. Apple Inc. and Microsoft Corp. combined sold $27 billion of debt this week to fund their daily operations, repay maturing debt, and buy back shares. Those bond sales might be unnecessary if new ...

  Bloomberg America’s service industries expanded in January at about the same pace as in the previous month, indicating resilience in the biggest part of the economy. The Institute for Supply Management’s non-manufacturing index was 56.5 last month after December’s 56.6 that matched the highest level since October 2015, the Tempe, Arizona-based group’s data showed Friday. Readings above 50 signal ...

  Bloomberg BMW AG is recalling about 230,000 vehicles in the US after discovering that some may have been fitted with defective Takata Corp. air-bag inflators during repairs, such as after a crash in which the devices deployed. The affected vehicles used air bags manufactured by Petri AG, a German partsmaker bought by Takata in 2000. If those vehicles needed ...