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Bloomberg South Korean conglomerate Lotte Group and French carmaker PSA Group have separately discussed proposals to invest as much as $6 billion combined in India, a move that would boost Prime Minister Narendra Modi’s attempts to attract foreign capital in Asia’s third-largest economy, a person with direct knowledge of the matter said. Lotte may invest between $3 billion and $5 ...

Bloomberg The Indian government is working on a new policy to encourage capital spending and restore the financial health of mobile-phone operators battered by a bruising tariff war, telecom secretary Aruna Sundararajan said. Public consultation will begin by year-end and cabinet approval is expected by March, she said in an interview in New Delhi, declining to share details. Voicing a ...

Bloomberg LexinFintech Holdings Ltd., owner of Chinese online lending platform Fenqile, plans to meet advisers to discuss the fate of its proposed US initial public offering, people with knowledge of the matter said. The company aims to decide whether to imminently start its IPO roadshow or wait for a later date when market sentiment may be better, according to the ...

Bloomberg Singapore has made “a good start” in its bid to become a debt restructuring hub in the region, with six workout cases filed before its courts after it adopted US Chapter 11-like incentives in local company laws this year, a senior government official said. Indonesian developer PT Bakrieland Development is set to complete its group restructuring after a plan ...

Bloomberg The Trump administration is pushing to add legal protections in NAFTA that would limit the liability of internet giants such as Google and Facebook, marking the latest in a tug-of-war as policy makers balance policing the web with protecting free speech. US Trade Representative Robert Lighthizer included the proposal in an updated US wish-list for the North American Free ...

Bloomberg Bombardier Inc.’s train-equipment arm is looking to build a factory in Morocco if it wins a contract to supply rolling stock to the country’s state-owned railways. The facility would build railcars and perform engineering and maintenance work, Marc-Andre Lefebvre, a Bombardier spokesman, said. It would have about 600 employees and could open as soon as 2020, he said, declining ...

Bloomberg Yandex NV, Russia’s largest technology company, received local antitrust approval to merge its ride-hailing business with Uber’s in the country, the Russian Federal Antimonopoly Service said. Ordering rides from smartphone apps is driving growth in the Russian taxi market but the Yandex-Uber joint venture is required not to prevent its passengers, drivers and partners from working with other ride-hailing ...

Bloomberg Microsoft Corp.’s Skype has vanished from Apple Inc. and Android smartphone app stores in China, becoming the latest victim in Beijing’s sweeping internet clampdown. The internet phone and video service was no longer available on Apple’s iOS or on popular local Android stores such as Xiaomi Corp’s. The Ministry of Public Security notified Apple that a number of voice-over-internet-protocol ...

Bloomberg OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering out crucial details, according to people involved in the conversations. The Organisation of Petroleum Exporting Countries and several non-OPEC nations led by Russia will meet next week in Vienna to discuss ...

Bloomberg Equatorial Guinea, OPEC’s newest member, is looking to build a $2 billion oil-refining complex that may be operated by Venezuela’s state-run crude producer PDVSA. The refining complex in Equatorial Guinea is expected be announced in January and take two years to be completed, Gabriel Obiang, Equatorial Guinea’s Minister of Mines, Industry and Energy, said in an interview while attending ...