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China’s diesel exports rise to record as flooding damps demand

  Beijing / Bloomberg China’s diesel exports rebounded to a record in July as severe flooding in some parts of the country curbed domestic fuel demand. The world’s largest energy consumer exported 1.53 million tons of diesel last month, a 39 percent jump from June and beating the previous record in May, according to data posted Sunday on the website ...

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‘Rural India to become the next driver of e-commerce’

  New Delhi / Bloomberg A surge in internet connectivity in rural India, home to some 870 million people, will lead much of the nation’s e-commerce activity to move into regional areas during the rest of the decade, according to a report by Boston Consulting Group. The number of web-connected rural consumers will more than double to 315 million by ...

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Vanke profit gains on strong sales amid ownership fight

  Beijing / Bloomberg China Vanke Co., the developer at the center of a battle for control, posted a 10 percent increase in first-half profit as a home-market recovery boosted sales, helping offset uncertainties over the company’s future because of the ownership struggle. Net income at the nation’s largest residential developer climbed to 5.35 billion yuan ($804 million), or 0.48 ...

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