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Indonesian volcano shrinks as collapse caused tsunami

Bloomberg The Mount Anak Krakatau volcano in Indonesia has shrunk to a third after a series of eruptions and a flank that collapsed triggered a tsunami a week ago that killed more than 400 people and injured several thousands. The height of the more than 90-year-old volcano has been reduced to about 110 metres from 338 metres after eruptions intensified ...

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India may cut duties on palm oil imports

Bloomberg India will likely cut import duties on palm oil from next year in a boost to top growers in Indonesia and Malaysia, according to people with knowledge of the matter. Crude palm oil duties for Malaysia will be cut to 40 percent from 44 percent from January 1, while a levy on the refined variety will be reduced to ...

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China to expand drug-buying plan to more cities

Bloomberg China is pushing ahead with a campaign to slash generic drug prices that has wiped out $46 billion in value from pharmaceutical companies since it was launched earlier this month. The government will expand a central procurement programme to more regions and more drugs, Vice Premier Sun Chunlan said at a meeting of the National People’s Congress standing committee, ...

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