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Bloomberg In the battle between Asia’s two highest-yielding major bond markets, Indonesia once again appears poised to gain the upper hand over India. Global money managers are increasingly shunning Indian securities as Narendra Modi’s government hands out billions of dollars in tax cuts and subsidies to boost the prime minister’s appeal ahead of elections, blowing through the nation’s deficit target ...

Bloomberg US nuclear energy developers met with President Donald Trump and asked for help winning contracts to build power plants in the Middle East and elsewhere overseas. “There is competition around the globe, and we want to be part of it,” said Chris Crane, the chief executive officer of Exelon Corp., the largest US operator of nuclear plants, following the ...

Bloomberg A key measure of US inflation was little changed in January while the broader gauge slowed on lower energy costs, underscoring the Federal Reserve’s recent decision to be patient on raising interest rates. Excluding food and energy, the so-called core consumer price index rose 0.2 percent from the prior month and 2.2% from a year earlier, according to a ...

Bloomberg T-Mobile US Inc. Chief Executive Officer John Legere says his company doesn’t use equipment from Huawei Technologies Co., and won’t after buying Sprint Corp. to form a bigger No. 3 in the US wireless market. “Let me be clear —we do not use Huawei or ZTE network equipment in any area of our network. Period. And we will never ...

Bloomberg For all the palpitations that the trade war between the US and China will knock out their economies, it is Europe that increasingly looks like the biggest threat to global growth. Deteriorating demand is evident across the 19-nation euro area as it finds itself squeezed between international and domestic drags. That leaves its expansion at risk of barely topping ...

Bloomberg European Union negotiators agreed on new natural-gas rules that preserve a concession to Germany over its controversial plan to import more of the fuel from Russia. Representatives of EU governments and the European Parliament approved a revision to gas-market legislation while scaling back hurdles for the planned Nord Stream 2 pipeline. The deal in Strasbourg, France, keeps intact a ...

Bloomberg The commander of US forces in South Korea cited a “palpable” decline in tensions amid US-North Korean peace talks but cautioned there’s little evidence that Kim Jong- un is willing to give up his nuclear arsenal. “Today is Day 440 since the last strategic provocation” by North Korea through a missile or nuclear test, Army General Robert Abrams told ...

Bloomberg Fourteen people died in a stampede at Nigerian President Muhammadu Buhari’s election rally in the southern city of Port Harcourt, Punch reported. The accident occurred as supporters of the All Progressives Congress party were leaving the stadium where Buhari, who is seeking re-election, made a speech, the Lagos-based paper said, citing University of Port Harcourt Teaching Hospital spokesman Kem ...

Bloomberg Philippine journalist Maria Ressa, head of online media company Rappler Inc. that’s been critical of President Rodrigo Duterte, was arrested in her office for libel. State investigators escorted Ressa out of the Rappler office and brought her to their headquarters in Manila after serving the warrant at about 5:20 p.m local time on Wednesday, based on the media agency’s ...

Bloomberg Italian Prime Minister Giuseppe Conte faced a backlash in the European Parliament for the populist actions of his two deputy premiers. Members of the European Union assembly used Conte’s appearance at a “Future of Europe” debate to warn about the future of Italy under Matteo Salvini and Luigi Di Maio, the two powers in the country’s anti-establishment coalition government. ...