New Delhi / Bloomberg India’s fuel demand grew 11 percent in the year ended March 31, the fastest pace in records going back to fiscal 2001. Fuel use rose to 183.5 million metric tons from 165.5 million tons in the previous period, according to preliminary data on the website of the Oil Ministry’s Petroleum Planning & Analysis Cell. Diesel ...

Singapore / AFP Singapore announced a shock loosening of monetary policy on Thursday to kickstart the stuttering economy, as it forecast a slower growth outlook this year and analysts warned of a possible recession. The city-state’s central bank joined several others around the world in announcing easing measures as they battle sluggish global demand — particularly from key market China ...

  Beijing / AP China will “facilitate” the planting of genetically modified corn and other plants on an industrial scale in the next five years, officials said, after not authorising any new commercial GM crops for a decade. The controversial science is a key trade issue with the US, whose biotechnology giant Monsanto is a global leader in the field, ...