Bloomberg India is set to prune its ambitious export target of $900 billion as Prime Minister Narendra Modi’s government works on reviewing the foreign trade policy amid continued global weakness and uncertainty. The reassessment comes as India slogs it out in negotiations for a regional trade deal that would account for almost 30 percent of global GDP and over a ...

Bloomberg Western Digital Corp. plans to present Toshiba Corp. with a revised offer for its memory chip unit next week in order to resolve an increasingly bitter conflict over the future of a business the two companies jointly own, according to a person familiar with the matter. The US company’s Chief Executive Officer Steve Milligan will travel to Tokyo next ...

Bloomberg Wages for China’s newest college graduates are plunging even as their ranks rise to a record. That’s unwelcome news for the nation’s young elite, but it may aid policy makers striving to shift the economy into higher technology industries and services. Monthly salaries plummeted 16 percent to 4,014 yuan ($590) this year for a second-straight annual decline, data from ...

Bloomberg French crystal maker Baccarat is changing hands 253 years after it was founded by royal decree of King Louis XV. Chinese investment company Fortune Fountain Capital Ltd. is buying a controlling stake from Baccarat’s private-equity owners for about 164 million euros ($184 million), according to a statement. The deal ends more than a decade of ownership by Starwood Capital, ...

Bloomberg The response to President Donald Trump’s announcement he was exiting the Paris climate accord and wanted to renegotiate on his terms was immediate: The leaders of France, Germany and Italy said no. On Wall Street, corporate executives pilloried the businessman president. Goldman Sachs’ CEO tweeted for the first time, calling the move a setback for the world. Tesla Inc.’s ...

Bloomberg The White House is reviewing whether to invoke executive privilege to prevent former FBI Director James Comey from testifying before a congressional panel next week. Comey is scheduled to testify on Thursday before the Senate Intelligence Committee about his May 9 firing by President Donald Trump. The panel is investigating Russian meddling in the 2016 presidential election and whether ...

Bloomberg The final television event of Britain’s general election campaign saw both Prime Minister Theresa May and her main challenger, Labour leader Jeremy Corbyn, take a pummeling from angry voters. May has refused to directly debate Corbyn, and so the BBC’s “Question Time” featured the two leaders consecutively, with the prime minister going first. There was no gentle warming up, ...

Bloomberg European Union and Italian officials agreed on a plan to restructure Banca Monte dei Paschi di Siena SpA, allowing Italy to inject capital to rescue the world’s oldest bank. Competition Commissioner Margrethe Vestager and Italian Finance Minister Pier Carlo Padoan reached “an agreement in principle” on a deal that paves the way for a precautionary recapitalization of the lender, ...

Bloomberg Deutsche Bank AG is stepping up hiring for its Asian wealth-management business as part of a “multi-year” expansion to bolster a unit that has lost key executives and assets in recent years. Deutsche Bank Wealth Management plans to add 50 client-facing positions including relationship managers during the second half of the year after hiring 13 employees last month, Lok ...

Bloomberg Royal Bank of Scotland Group (RBS) Plc’s settlement with investors suing the bank, which seemed a certainty earlier in the week, has faltered as a handful of investors continue to hold out. Some of the shareholders who indicated they would end a lawsuit over the lender’s 2008 rights offering, now want a higher settlement offer, and the case could ...