Bloomberg China has purchased Australian, Canadian and French wheat as Beijing looks to fill import quotas set by the World Trade Organization (WTO), according to people familiar with the matter. In the past two months, China bought about 1 million metric tons of wheat from the three countries, said the people, who asked not to be identified because the transactions ...

Bloomberg Indonesian authorities are weighing the induction of a strategic investor into a unit of the nation’s oldest insurer that’s on the brink of collapse after alleged fund mismanagement left a $2 billion hole in its books. PT Asuransi Jiwasraya has submitted a restructuring proposal to the Financial Services Authority (FSA) that includes the stake sale in unit PT Jiwasraya ...

Bloomberg Kolkata Metro Rail Corp expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs. The authority is awaiting 20 billion rupees ($280 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan ...