Bloomberg A cut by Rio Tinto Group to its full-year iron ore shipping guidance is set to bolster prices that have rebounded into a bull market on stronger-than-expected demand in China. Iron ore futures in Singapore surged as the world’s No. 2 exporter flagged on Tuesday that cargoes from Australia are expected at about 330mn metric tons in 2017. That’s …

Bloomberg India’s vast rural hinterland, which makes up 70 percent of the South Asian country’s population, is showing signs of recovery from last year’s cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor. The micro-finance industry is rebounding, real rural incomes are rising and unemployment is falling, according to brokerage Motilal Oswal Securities Ltd. …

Bloomberg Home prices surged in China’s smaller cities even as property curbs dragged down values in Beijing and Shanghai in June, highlighting the challenge for authorities trying to limit bubble risks. New-home prices, excluding government-subsidized housing, rose month-on-month in 60 of 70 cities, the National Bureau of Statistics said on Tuesday. That compared with 56 in May. In Beijing, prices …