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As cities swell, West Africa’s appetite for rice is growing

  Bloomberg Rice is fast becoming West Africa’s preferred food. After four decades of importing the staple, the region now aims to grow enough rice to meet domestic demand. Rice harvests in West Africa will probably reach an all-time high of 14.9 million metric tons this year, up from 14.6 million tons last year, when Senegal and Ghana produced record ...

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Iran to ink $25bn deal with Boeing for 100 jetliners

  Tehran / Bloomberg Iran is preparing to unveil a historic agreement for Boeing Co. jetliners within days that could be valued at about $25 billion. The transaction would be the first struck by the planemaker since sanctions were lifted in January and would require US government approval. An order listed at $27 billion announced by Europe’s Airbus Group SE ...

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Lotte to shelve $500mn Malaysian chemical IPO

  Seoul / Bloomberg Lotte Group, South Korea’s fifth-largest family-run conglomerate, has shelved plans to list its Malaysian petrochemicals business amid widening investigations at the parent, people familiar with the matter said. The group will postpone the planned share sale of Lotte Chemical Titan Holding Sdn. until after the probes are resolved, according to the people, who asked not to ...

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