New Delhi / Reuters India’s 2016/17 wheat imports are expected to surge more than five-fold to the highest in a decade, as a severe drought linked to an El Nino weather event and unseasonal rains push domestic output down to the lowest since 2011, a Reuters survey shows. A spike in overseas purchases by India, the world’s second largest ...

  Islamabad / Reuters Pakistan’s government will guarantee 100 billion rupees ($955 million) worth of Islamic bonds to fund what would become the country’s fourth largest hydropower plant, aiming to address power shortages that have hindered economic growth. The deal would be one of largest infrastructure sukuk sold to date, helping expand a funding format that has largely been confined ...

  TOKYO / Reuters Japan’s Mori Building Co said on Wednesday it would spend about 400 billion yen ($3.7 billion) on constructing three high-rise towers as part of a grand plan to redevelop a central Tokyo district, and may seek a partner to fund the project. The development is part of Mori’s 1 trillion yen plan to redevelop the Toranomon ...