Tokyo / AFP India’s 10-year bond yield was near a six-week low as a pickup in monsoon rains eased concern that a reduction in crop output will stoke food costs. Total rainfall has been 13 percent below normal since June 1, according to the weather department. The shortfall was 25 percent mid-June. Investors are drawing comfort from this year’s …

  London / AFP Britain’s exit from the European Union may erode the bloc’s leadership role in fighting climate change and stymie crucial efforts to set more ambitious targets for cutting greenhouse gases, officials and experts said. The damage will become worse the longer the divorce proceedings drag on, or if Brexit inspires other EU nations to follow suit, they said. …

  Bloomberg French President Francois Hollande targeted a key pillar of the U.K.’s financial industry, calling into question the City of London’s status as a clearing hub after Britons voted last week to leave the European Union. “The City, which could make its clearing operations in euro, won’t be able to do so any more,” Hollande said after the first …