Bloomberg Pakistani tycoon Arif Habib said Asia’s best stock market rally in the past year may extend a further 20 percent led by banks, fertilizer and energy compa- nies, rejecting concerns that the market has been supported by speculators. As industries and the economy grow, Habib, the Karachi-born financier who has seen his fortune swell after his start as …

  Bloomberg Record cargoes of iron ore coming into China and fewer boatloads of steel going out signal a boon for miners including BHP Billiton Ltd., Rio Tinto Group and Vale SA, as well as welcome news for rival metal producers like Europe’s ArcelorMittal. Purchases of ore rose 13 percent to 83.5 million metric tons in February, an all-time high …

  Bloomberg India’s monsoon may escape the effects of a possible El Nino event that can bring dry weather to the world’s top cotton grower and second-biggest wheat and sugar producer. “Mostly it may not have any impact on rains” because the El Nino probably won’t develop until later this year, said D.S. Pai, head of the long-range forecasting division …