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Malaysian palm stockpiles at 14-month low on exports

Bloomberg Palm oil inventories in Malaysia likely slumped to a 14-month low in August as exports from the world’s second-largest grower jumped. Stockpiles fell about 7 percent from a month earlier to 2.22 million metric tons, the biggest decline in three months and the lowest since June 2018, according to the median of 12 estimates in a Bloomberg survey of ...

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Property firms rally as Duterte bucks China ban on online gaming

Bloomberg Philippine property shares got a boost after President Rodrigo Duterte said his country benefits from online casinos, standing pat on the industry despite China’s call for a total ban. “I decide that we need it. Many jobs will be lost. Anyway, it’s government-controlled,” Duterte said in a televised briefing, when asked what he told Chinese President Xi Jinping about ...

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Chandrayaan-2: Moonshot ends in failure for India

Bloomberg India’s attempt to land a probe on the moon’s southern pole failed, dealing a major blow to its ambitious space programme. The country’s space agency lost communication with a lander and a rover near the satellite’s surface, minutes before a scheduled touchdown. The Chandrayaan-2 craft’s descent was normal until an altitude of 2.1 km (1.3 miles) before communication was ...

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