News

  Bloomberg India’s sugar production may be lower than previously forecast as mills in the main growing areas of Maharashtra and Karnataka closed earlier than usual after dry weather cut cane output. Production may total 20.3 million metric tons in year that began Oct. 1, compared with 21.3 million tons estimated in January and 23.4 million tons predicted in September, ...

  Bloomberg Russia’s No. 1 zinc miner and No. 2 copper producer plans a far-reaching expansion of its diversified minerals output, billionaire co-owner and Chief Executive Officer Andrey Kozitsyn said in an interview. Ural Mining & Metallurgical Co., which sells half the copper it mines for export under long-term deals with traders including Glencore Plc and Trafigura Group, aims to ...

  Bloomberg Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to Accenture Plc. The country’s financial-services giants will probably ramp up investments in areas including artificial intelligence, blockchain, so-called big data and cyber-security to improve their product offerings, Albert Chan, managing ...

  Bloomberg Chinese corporate chiefs are turning vocal critics of the nation’s capital controls as the pile of scrapped deals grows. While the restrictions have helped alleviate pressure on the yuan, they’ve also curbed overseas acquisitions. Executives in Beijing during the National People’s Congress bemoaned the measures, saying they’re derailing expansion abroad — a key tenet of China’s long-term economic ...

  Bloomberg London’s toxic air is bad for business. That’s the conclusion of commercial groups making their own plans to fight pollution for fear the government’s failure to tackle emissions levels that break legal limits is driving customers and workers away. At least 15 of the city’s 42 so-called business improvement districts, which were established a decade ago to fight ...

  Bloomberg Volkswagen AG chairman Hans Dieter Poetsch said the number of employees implicated in its diesel-emissions scandal could rise beyond those identified so far, highlighting the struggles the German carmaker faces to resolve the deepest crisis in its history. US authorities asked VW to refrain from taking steps against some employees in order to not jeopardize ongoing investigations, Poetsch ...

  Bloomberg Mitsubishi Motors Corp. will unveil a sport utility vehicle that will debut in Europe, its first new model since joining the Renault-Nissan alliance, as Chairman Carlos Ghosn strengthens the Japanese company’s credentials as an SUV brand. The Eclipse Cross compact SUV coupe to be revealed at the Geneva auto show on Tuesday will be shipped to its second-biggest ...

  Bloomberg German factory orders plunged at the steepest pace in eight years as demand for investment goods weakened. Orders, adjusted for seasonal swings and inflation, fell 7.4 percent from December, when they increased 5.2 percent, data from the Economy Ministry in Berlin showed on Tuesday. That’s the biggest drop since January 2009. The typically volatile reading compares with a ...

  Bloomberg The US is seeking more “reciprocal” trade with countries such as China and Germany in a bid to boost growth, reduce the trade deficit and keep American production capacity out of foreign hands, White House trade adviser Peter Navarro said. “If we are able to reduce our trade deficit through tough, smart negotiations, we should be able to ...

  HOUSTON / WAM Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency (IEA). The global picture appears comfortable for the next three years but supply growth slows considerably after that, according ...