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Bloomberg Japan is still winning the Southeast Asia infrastructure race against China, with pending projects worth almost one and a half times its rival, according to the latest data from Fitch Solutions. Japanese-backed projects in the region’s six biggest economies — Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam — are valued at $367 billion, the figures show. China’s tally is ...

Bloomberg The US Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter. Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5 percent of the radioactive fuel ...

Bloomberg T-Mobile US Inc.’s acquisition of Sprint Corp. drew additional opposition from states as four more attorneys general joined a lawsuit seeking to block the merger of the wireless carriers, sending Sprint shares lower. The attorneys general of Massachusetts, Hawaii, Minnesota and Nevada are signing on to the complaint, a lawyer for New York said at a court hearing. That ...

Bloomberg Corn prices have been on an epic run. Now, soybeans could soon be catching up. With more rains forecast for the US Midwest, oilseed plantings are under threat and hedge funds are backing away from their bearish wagers. Meanwhile, corn is heading for its best quarterly advance since 2010 and the funds are betting there’s more room to run, ...

Bloomberg Flames leap from cauldrons brimming with molten iron as they’re tipped into giant vats at one of Europe’s largest steel mills. Heated to over 1,000 degrees Celsius (1,832 Fahrenheit) in furnaces fired by coal, the liquid metal sloshing at Thyssenkrupp AG’s facility in Duisburg, Germany, will eventually wind up in automobiles, wind turbines and everyday household items from washing ...

Bloomberg President Donald Trump said the US will impose major new sanctions on Iran on Monday, days after he abruptly called off a plan for airstrikes against the Islamic Republic based on the concept of proportionality after Iran shot down a US Navy drone. The sanctions move, announced on Twitter with no additional detail, came as Trump spent the day ...

Bloomberg The Ethiopian army’s chief of staff was shot dead by a bodyguard in what the government of Africa’s second-most populous country said was an assassination related to an attempted coup. General Seare Mekonnen and retired Major General Gezai Abera were killed at the army chief’s residence in the capital, Addis Ababa, Prime Minister Abiy Ahmed’s office said in an ...

Bloomberg President Donald Trump put off for two weeks the start of a planned nationwide roundup of undocumented immigrants, tempering a vow made to have them “removed from the country” starting next week. Trump said he was acting “at the request of Democrats,” although immigration officials suggested that reports on the timing of the actions played a role. The delay ...

Bloomberg North Korean leader Kim Jong-un received a personal letter from US President Donald Trump, state media KCNA reported. The letter has “excellent content” and Kim, along with his military, read it with “satisfaction,” KCNA reported. Correspondence between Trump and Kim “has been ongoing,” White House Press Secretary Sarah Huckabee Sanders said in a statement, confirming the letter was sent ...

Bloomberg Boris Johnson pitched his bid for UK prime minister to Conservative Party members and drew cheers when he dodged questions about a spat with his partner that brought the police to his London home. Front-runner Johnson and his opponent Jeremy Hunt made their opening appeals to grass-roots Tories at a hustings, or political roadshow, that focussed attention on Johnson’s ...