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India to receive normal monsoon in boost for Modi

Bloomberg India’s southwest monsoon, which waters more than half of the country’s farmland and is crucial for growth in Asia’s third-largest economy, is expected to be normal this year. Annual rain between June and September is likely to be 97 percent of a 50-year average, the India Meteorological Department said. The forecast has a margin of error of 5 percent, ...

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Kraken exchange pulls out of Japan

Bloomberg Kraken, one of the world’s longest-operating cryptocurrency exchanges, will end its trading services for Japanese residents. The San Francisco-based company cited the rising costs of doing business in Japan for its decision, though it said it may re-enter the country in the future. It tentatively plans to cease all its services, which began in October 2014, by the end ...

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UK businesses reject calls for second brexit referendum

Bloomberg The plot to reverse Brexit is missing a key ally: UK business. Companies have been among the most outspoken critics of the split from the European Union, and many have much to lose from the divorce. But as a group of lawmakers tries to engineer a second referendum, business leaders are recoiling. Worse than Brexit is prolonged uncertainty. “Business ...

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