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India panel pushes commercial use of first GM food crop

Bloomberg An Indian environment ministry panel recommended to the government that it allow cultivation of a genetically-modified mustard variety, taking it closer to becoming the country’s first GM food crop for commercial production. The federal government will make a final decision in this regard, said Amita Prasad, an additional secretary with the environment ministry and chairman of the Genetic Engineering ...

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China’s bonds decline for seventh week

Bloomberg China’s 10-year government bonds fell for a seventh week, building on the longest run of declines since 2013, amid concerns the nation’s deleveraging campaign will drive borrowing costs up further. The yield on 10-year sovereign debt climbed eight basis points this week to close Friday at 3.65 percent, according to data compiled by Bloomberg. That’s the longest streak since ...

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Fintech firm backed by China movie stars plans IPO

Bloomberg QuantGroup, a financial technology company backed by Chinese movie stars, is planning a US initial public offering that could raise about $200 million, according to people with knowledge of the matter. The Beijing-based firm has asked banks to pitch for a role on the potential offering, the people said, asking not to be identified because the information is private. ...

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