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Slow monsoon progress threatens dry spell for India agriculture stocks market

Bloomberg As monsoon rains that started late make a slow progress across India, shares of local seed producers, fertilisers and agro-chemical makers are reeling under a dark cloud. The southwest monsoon, which waters more than half of India’s farmland, has registered a 43 percent deficit through June 19 after hitting the southern coast a week later than normal on June ...

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Jakarta, Manila to ratify maritime boundary deal

Bloomberg Indonesia and the Philippines said they will begin to ratify a deal in August to establish a boundary between overlapping so-called exclusive economic zones. The deal, which was signed in May, will bolster economic ties by determining the limits of borders in the Mindanao and Celebes seas — marking the end of 20 years of negotiations. Philippine President Rodrigo ...

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FedEx rejects package with Huawei handset sent to US

Bloomberg FedEx Corp rejected a package containing a Huawei Technologies Co phone being sent from the UK to the US in what the mail company says was a mistake, which has elevated beyond routine because of President Donald Trump’s decree in May that limits trade with the Chinese technology company. The phone was being sent to a PCMag.com phone analyst, ...

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