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India sugar outlook cut by mills as drought hurts cane supply

  Bloomberg India’s sugar production may be lower than previously forecast as mills in the main growing areas of Maharashtra and Karnataka closed earlier than usual after dry weather cut cane output. Production may total 20.3 million metric tons in year that began Oct. 1, compared with 21.3 million tons estimated in January and 23.4 million tons predicted in September, ...

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Top zinc and copper producer in Russia plans sweeping growth

  Bloomberg Russia’s No. 1 zinc miner and No. 2 copper producer plans a far-reaching expansion of its diversified minerals output, billionaire co-owner and Chief Executive Officer Andrey Kozitsyn said in an interview. Ural Mining & Metallurgical Co., which sells half the copper it mines for export under long-term deals with traders including Glencore Plc and Trafigura Group, aims to ...

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China sustains record fintech investments

  Bloomberg Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to Accenture Plc. The country’s financial-services giants will probably ramp up investments in areas including artificial intelligence, blockchain, so-called big data and cyber-security to improve their product offerings, Albert Chan, managing ...

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