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Bloomberg Japan’s Foreign Ministry summoned the South Korean ambassador to seek talks in an escalating standoff over forced labour claims that it has said risks undermining the legal basis for relations between the neighbours. The ministry summoned Ambassador Lee Su-hoon after a South Korean court this week approved the confiscation of assets in South Korea in a case involving Nippon ...

Bloomberg An alliance that helped deliver Kenyan President Uhuru Kenyatta two terms in office is fracturing, reviving tensions in the country’s Rift Valley region that was wracked by widespread violence a decade ago. The deputy chairman of the ruling Jubilee Party stepped down after saying Deputy President William Ruto shouldn’t be allowed to succeed Kenyatta. That undermines an arrangement in ...

Bloomberg Germany and France will deepen their 55-year-old alliance as the main defenders of European Union cooperation seek to counter forces tearing at the bloc’s bonds. Chancellor Angela Merkel and French President Emmanuel Macron will sign a treaty in the German border town of Aachen on January 22. The pact, which was signed off by Merkel’s cabinet, calls for joint ...

Bloomberg Stocks rose globally after the US and China concluded three days of trade talks and appeared to be closer to agreement on a number of areas. The dollar dipped and Treasuries were steady as investors awaited the release of minutes from the Federal Reserve’s December meeting, which may offer insight into the decision to raise rates and the pace ...

Bloomberg The party’s over for Indian equities, with stocks headed for another tough year as a shrinking global cash pool dims prospects of an improving economy and expected recovery in company earnings boosting stocks, according to Bank of America Merrill Lynch. “Imagine you are at a New Year party and happy to find out that there’s more room to dance ...

Bloomberg The growth engine for the world’s car industry has been thrown into reverse, with China recording the first annual slump in auto sales in at more than two decades and more pain predicted in 2019. Sales in the world’s biggest market fell 6 percent to 22.7 million units last year, the first annual decline in at least two decades, ...

Bloomberg China Road & Bridge Corp won a tender for 77 billion CFA francs ($134 million) to build a bridge in the West African nation’s commercial capital, Abidjan. The contract is part of the $700 million Cocody Bay precinct project, the presidency said in a statement published in the state-owned Fraternite Matin newspaper. Funded by the Islamic Development Bank, it ...

Bloomberg India stocks rose, led by Infosys Ltd after the software exporter said it will consider buying back shares and issuing a special dividend at its board meeting this week. Earnings season for companies began on Wednesday with IndusInd Bank Ltd. The S&P BSE Sensex climbed 0.7 percent to 36,216.90 in Mumbai. The broader NSE Nifty 50 Index added 0.3 ...

Bloomberg China and the US wrapped up three days of trade talks, with people familiar saying their positions were closer on areas including energy and agriculture but further apart on harder issues. Beijing will be releasing a statement soon on the negotiations, Chinese foreign ministry spokesman Lu Kang said, adding that a one-day extension shows both sides are serious about ...

Bloomberg Carlos Ghosn lost an appeal against his ongoing detention, diminishing prospects of an early release on bail for the auto industry icon fighting charges of financial misconduct while he was heading Nissan Motor Co. The Tokyo District Court rejected the petition filed by Ghosn’s defense team, according to a statement from the court shared with the media by the ...