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ED&F Man sees second year of sugar surplus on Europe, India crops

Bloomberg Good crops in Europe and India will probably extend a global sugar surplus for a second year, according to ED&F Man Holdings Ltd. Supplies are likely to outpace demand again in the season that starts in October, Kona Haque, head of research at the London-based trader, said in an interview before the Dubai Sugar Conference. That follows a glut ...

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Coal India sales reach to record in January

Bloomberg Coal India Ltd.’s sales rose to a record in January as customers of the world’s biggest producer of the fuel continued to refill their inventories. Sales advanced 4.6 percent from a year earlier to 53.7 million tons, according to a stock exchange filing. That’s the highest in records going back to 2013. Production rose 1.3 percent to 56.69 million ...

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Foreigners get relief on India gains despite ‘new tax’

Bloomberg India’s government clarified rules around the taxation of foreign investors, as the benchmark stock index fell on the re-introduction of a levy on prospective profits. Foreign investors in India don’t need to pay tax on past gains on investments in the equity market, Finance Secretary Hasmukh Adhia said in an interview with Bloomberg in New Delhi. India’s S&P BSE ...

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