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Chinese trader sells copper at low rates

Bloomberg One of China’s top commodity traders, Tewoo Group, is selling copper at below market rates as it grapples with a liquidity crunch, according to people with knowledge of the matter. The company, which is owned by the local Tianjin government, is offloading some refined copper stocked in bonded zones as it unwinds financing deals with some banks, said the ...

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Sweet-toothed millennials lure giant sugar player to China

Bloomberg One of Asia’s biggest sugar refiners is in talks to sell the sweetener in China, lured by the country’s “new generation” of consumers. MSM Malaysia Holdings Bhd is nearing the final stages of discussions to set up partnerships in China’s downstream sugar industry, Executive Director Khairil Anuar Aziz said. The refiner is looking to sell sugar for popular snacks ...

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Flows to India stock funds rebound

Bloomberg Flows into Indian equity mutual funds hit a five-month high in March, induced by the rally that recently lifted the $2.2 trillion stock market to a record. Stock funds took in about $1.7 billion, the highest since October, and more than double over the previous month, data from the Association of Mutual Funds in India, or AMFI, show. Indian ...

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