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Bloomberg India’s debt-ridden Anil Ambani group will exit the asset management business by selling shares in its joint venture to Japanese partner Nippon Life Insurance Co, which will take a controlling stake in India’s fifth-biggest mutual fund. Ambani’s Reliance Capital Ltd signed a binding definitive agreement to sell 32.12 percent of Reliance Nippon Life Asset Management Ltd for $649 million ...

Bloomberg Indonesia is ending its four-day curbs on social media after deadly riots that left seven dead and hundreds injured. Video and picture-sharing functions returned to normal on various social media and messaging system platforms, according to Communications Minister Rudiantara. The government froze the functions last week, citing security concerns after riots rocked the capital Jakarta the night before. This ...

Bloomberg The Trump Administration unveiled its latest package to help farmers survive a trade war with China, adopting a model that aims to avoid influencing production decisions. The corn futures fell. The program includes $14.5 billion in direct payments to producers. Aid for most crops will be calculated based on what is grown in each county rather than just individual ...

Bloomberg Hewlett Packard Enterprise Co, a maker of server computers, raised its profit forecast for the year on greater cost-cutting measures, topping most analysts’ estimates. Executives said, however, that trade tension between the US and China has created greater uncertainty. Profit, excluding some items, will be $1.62 a share to $1.72 a share in fiscal 2019, an increase of 6 ...

Bloomberg Samarco Mineracao SA, the Brazilian mining venture that hasn’t operated since a deadly dam collapse in 2015, is postponing restructuring talks for $3.8 billion of debt until at least November, according to three people with knowledge of the plan. Creditors of the company’s $2.2 billion in defaulted bonds and $1.6 billion in loans and other obligations are agreeing to ...

Bloomberg US factory activity took a hit this month as the tariff war with China and an overhang of inventory dampened orders, adding to signs the economy could slow in the second quarter. The preliminary US manufacturing purchasing managers’ index from IHS Markit fell two points to 50.6, the lowest reading since 2009, according to data. The drop was led ...

Bloomberg Facebook Inc. said it removed 2.2 billion fake accounts in the first quarter, a record that shows how the company is battling an avalanche of bad actors trying to undermine the authenticity of the world’s largest social network. In the final quarter of 2018, Facebook disabled just more than 1 billion fake accounts and 583 million in the first ...

Bloomberg Iran’s top diplomats are touring neighboring countries, including three Arab Gulf monarchies, to try to shore up support after the US announced plans to increase troop deployments in the region and sell weapons to some of the Islamic Republic’s top rivals. Foreign Minister Mohammad Javad Zarif arrived in the Iraqi capital, Baghdad, for meetings about the frictions, the semi-official ...

Bloomberg Libyan strongman Khalifa Haftar said his offensive on Tripoli won’t stop and political discussions can’t resume until the country’s militias have been disarmed. In a rare press interview, Haftar told France’s Journal du Dimanche that he marched his military forces on Libya’s capital after six rounds of negotiations with the internationally recognised government in Tripoli failed. Haftar said Prime ...

Bloomberg Prem Tinsulanonda, one of Thailand’s most powerful figures over the past four decades who was accused of masterminding a 2006 coup against former leader Thaksin Shinawatra, has died, the Bangkok Post reported. He was 98. The former premier died of heart failure in a hospital in Bangkok on Sunday, the paper said, citing media reports. Prem served as army ...