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Monsoon arrives early in Kerala, to help crops

Bloomberg The southwest monsoon, which waters more than half of India’s farmland, arrived on the mainland ahead of its normal schedule. The monsoon reached the southern state of Kerala on Tuesday, according to a statement on the India Meteorological Department’s website. The department had accurately predicted an onset date of May 29 for the June-September rainy season, which typically starts ...

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China considers more US coal imports to cut deficit

Bloomberg China is considering a plan to buy more American coal as part of an effort to narrow its trade deficit with the US, according to people with knowledge of the matter. Chinese officials are currently looking at boosting purchases from West Virginia in particular, said the people, who asked not to be identified because they’re not authorised to speak ...

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Canada buys Kinder’s Trans Mountain pipeline for $3.5bn

Bloomberg Canada will buy Kinder Morgan Canada Ltd.’s Trans Mountain oil pipeline and its controversial expansion project for C$4.5 billion ($3.5 billion) in a bid to ensure it gets built amid fierce opposition. “It must be built and it will be built,” Finance Minister Bill Morneau said in Ottawa, as he and Natural Resources Minister Jim Carr unveiled the deal, ...

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