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India’s wheat imports remain near decade high

  Bloomberg India’s wheat imports are likely to remain near the highest in a decade as the world’s second-biggest producer seeks to replenish stockpiles slashed by El Nino-induced drought, according to one of the nation’s largest buyers. Imports may reach 3 million metric tons in 2017-18, S. Sivakumar, the chief executive officer of ITC Ltd.’s agriculture business division, said in ...

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US stocks rebound with banks as crude advances

  Bloomberg US stocks rose for just the second time in nine sessions, as financial shares rebounded from a six-week low after a spike in consumer confidence rekindled optimism in the strength of the American economy. Treasuries slipped and the dollar edged higher. Banks slammed by concern Donald Trump would have trouble getting regulatory roll-backs through Congress rallied on Tuesday ...

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Emaar Malls jump as Amazon seals Souq.com deal

  Reuters Most Gulf stock markets edged up on Tuesday although trading volumes were generally low, while Emaar Malls jumped in Dubai after the company appeared to lose a contest with Amazon.com to acquire Middle Eastern online retailer Souq.com. Emaar Malls added 3.6 percent, outperforming Dubai’s stock index, which dropped 0.2 percent. The company’s shares had dropped 2.8 percent in ...

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