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Hon Hai’s profit misses target after Apple grew iPhone sales

Bloomberg Hon Hai Precision Industry Co.’s quarterly profit missed estimates after top customer Apple Inc. sold barely enough of its iPhone X to meet Wall Street’s tempered expectations. The sole manufacturer of Apple’s flagship device reported net income of NT$24.1 billion ($810 million) in the three months ended March, compared with the average estimate of NT$27.9 billion. It had previously ...

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India palm oil imports fall as higher duties curb demand

Bloomberg India’s palm oil imports probably dropped in April as higher taxes on shipments curbed demand in the world’s biggest buyer. Purchases fell about 1.7 percent to 740,000 metric tons from a year earlier, according to the median of four estimates in a Bloomberg survey of processors, brokers and analysts. Total vegetable oil imports decreased 9.7 percent to 1.21 million ...

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India refiners resume fuel price hikes after state elections end

Bloomberg India state-run refiners resumed raising retail gasoline and diesel prices after a three-week hiatus that coincided with the run up to elections in a southern state. Indian Oil Corp., the nation’s biggest fuel maker and de facto price-setter for other state-run refiners, increased prices. That’s the first change since April 24, data on the company’s website showed, and the ...

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