Chinese carmaker BYD Co. may be getting some bad news as it prepares to start selling in the U.S. next year. A planned reduction in government subsidies and a phase-out of interest-rate controls threaten to raise costs for it and thousands of companies across China.
The U.S. House passed and sent the Senate a much-delayed bill to set agricultural policy for five years, as rural Republicans and urban Democrats overcame objections about farm subsidies and food-stamp cuts.
Thailand’s Constitutional Court ruled that an election scheduled for Feb. 2 can be delayed and that both Prime Minister Yingluck Shinawatra and the Election Commission have the power to set a new date.
Indian projects valued at more than $160 billion remain stalled a year after Prime Minister Manmohan Singh set up a panel to accelerate investments, sapping earnings at companies such as Lanco Infratech Ltd.
Raghuram G. Rajan ’s “Fault Lines,” a look at why the financial order is prone to blowing bubbles, won the Financial Times and Goldman Sachs Business Book of the Year Award , defeating Andrew Ross Sorkin and other authors on the financial crisis.