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Modi’s victory seen weighing on global sugar market

Bloomberg The sugar industry in India, which jostles with Brazil as the world’s top producer, is likely to continue to benefit from significant government support after a landslide victory for PM Narendra Modi. This scenario may weigh on raw sugar futures in New York, which are already near the lowest in about seven months. In his first five-year term, Modi’s ...

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Malaysia in talks with China firms on pipeline projects

Bloomberg Malaysia is in discussions with China-based contractors for compensation relating to pipeline projects worth 9.4 billion ringgit ($2.24 billion). The government is negotiating with China Petroleum Pipeline Engineering Co and Huanqiu Project Management Beijing Co on the total compensation to be paid by Suria Strategic Energy Resources Sdn, which was overseeing the projects, for the termination of the work, ...

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US proposes tariffs on nations with undervalued currencies

Bloomberg The Trump administration is proposing tariffs on goods from countries found to have undervalued currencies, in a move that would further escalate its assault on global trading rules. The proposal, laid out in a Federal Register notice released, would let US-based companies seek anti-subsidy tariffs on products from countries found by the US Treasury Department to be engaging in ...

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