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India sees deep-fried path to lower crude imports

  Tokyo / AFP India’s love for fried food could help curb its crude oil imports. The nation of 1.3 billion people can make at least 2 million tons of biodiesel annually by processing used cooking oil from restaurant chains, said Ramakrishna Y.B., the head of an Indian government panel that’s looking at the potential for fuels derived from plants. ...

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China auto sales go up

  TOKYO / AP China’s passenger-vehicle sales accelerated the most in 17 months, as General Motors Co. and Guangzhou Automobile Group Co. boosted deliveries and dealers offering discounts helped clear inventories in the world’s biggest auto market. Retail sales of cars, sport utility and multipurpose vehicles climbed 23 percent to 1.6 million units in July, the biggest monthly percentage gain ...

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McDonald’s Japan ends ‘streak of losses’ with Q2 profit

  Bloomberg McDonald’s Holdings Co. Japan posted a profit in the second quarter, ending a streak of seven consecutive losses by attracting more customers with promotional menus as it sought to rebuild its image after a series of food scandals. Net income was 300 million yen ($2.9 million) in the three months ended June, based on first-half results the company ...

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