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Oil falls to 8-week low as OPEC output gain threatens accord

  Bloomberg Oil dropped to the lowest in almost two months in New York on rising OPEC output after a volatile week driven by uncertainty about the group’s intentions and the surprise election of Donald Trump. Futures fell 2.8 percent Friday. Iran and Iraq, which want exemptions from an Organization of Petroleum Exporting Countries accord to cut production, told the ...

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India sweet tooth dearer as sugar output slides

  Bloomberg Satisfying the sweet tooth of the world’s biggest sugar-consum- ing country is getting a lot more expensive. At a time when demand in India is the highest ever, domestic output will drop for the fourth year in five, creating the first deficit since 2010 as prices surge. SGS SA, a researcher hired by Bloomberg to survey farmers in ...

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China’s top SUV maker begins upscale climb with luxury brand

  Bloomberg Great Wall Motor Co. said it will introduce a new premium brand to target the high-end market, joining Zhejiang Geely Holding Group among Chinese automakers seeking to upgrade from offering cheap, utilitarian cars. The SUV maker led by billionaire Chairman Wei Jianjun plans to unveil its upscale WEY brand on Nov. 16, the same week as the opening ...

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