Beijing / AFP China’s rice, wheat and corn subsidies are in line with WTO rules, Beijing’s commerce ministry said after Washington launched legal action against what it says are “unfair” trade incentives worth $100 billion. The United States alleges China, the world’s largest producer of wheat and rice, doled out “market price support” for the grains above levels agreed ...

  BLOOMBERG Thailand’s central bank kept its benchmark interest rate unchanged for an 11th consecutive meeting, the longest streak on record, as an economic recovery continues to gain momentum. The Bank of Thailand held its one-day bond repurchase rate at 1.5 percent, with monetary policy committee members voting unanimously in favor, it said in Bangkok on Wednesday. All but one ...

  BLOOMBERG Jindal Steel & Power Ltd. has ramped up output at the 100-year-old Wongawilli coking coal mine in Australia and is set to resume operations at another in Mozambique as prices more than doubled this year. The New Delhi-based company is producing about 100,000 metric tons a month at the mine in Australia’s New South Wales, which it started ...