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Bloomberg India’s palm oil purchases probably climbed for a fourth straight month in May as a drop in global prices boosted demand amid a stronger local currency. Imports rose 21 percent to 798,000 metric tons from a year earlier, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts. Total vegetable oil purchases rose ...

Bloomberg The White House is divided over how hard to come down on cheap steel imports in a debate that will help set the tone for future trade policy, according to two industry representatives briefed on the discussions. As the Commerce Department prepares to disclose its findings from an investigation into possible national-security threats posed by steel shipments, Secretary Wilbur ...

Bloomberg Lyft Inc. complained to a judge that Uber Technologies Inc. moved to drag it into the larger ride-hailing company’s trade-secrets fight with Waymo two days after Lyft and the Alphabet Inc. unit announced an autonomous driving partnership. Lyft said Uber has demanded confidential information about “expansive and irrelevant topics” including an analysis of Lyft as a potential acquisition target ...

Bloomberg A former UBS Group AG compliance officer and a day trader charged by UK regulators with insider trading appeared in a London court for the first time to face allegations that they made 1.4 million pounds (1.8 million) illegally trading shares of Elizabeth Arden Inc. and four other companies. Fabiana Abdel-Malek, 34, and Walid Choucair, 38, were charged by ...

Bloomberg French luxury tycoon Bernard Arnault is optimistic about the country’s new president, but he’s worried about the global economy. The chief executive officer of LVMH visited a technology fair in Paris where he mingled with startup founders and shook hands with 39-year-old President Emmanuel Macron, saying he is “very happy” with the new leader. Macron, who’s set to consolidate ...

Bloomberg The French voted on Sunday for the fourth time in two months and the main outstanding question is just how big a majority they will hand President Emmanuel Macron. Polls from Harris and OpinionWay last week projected that Macron’s Republic on the Move movement, known as REM, may take up to 80 percent of the seats in the 577-member ...

Bloomberg At least 57 people have been killed by a forest fire in northern Portugal, with many of the victims dying on the road as they tried to flee, authorities said. Thirty people were killed in their cars and 17 were found outside their vehicles by the side of the road near Pedrogao Grande, Secretary of State for Internal Administration ...

Bloomberg Donald Trump isn’t under investigation by special counsel Robert Mueller, a member of the president’s legal team said, despite Trump’s own comments on social media this week that he’s the target of a “witch hunt.” “The president is not and has not been under investigation for obstruction,” attorney Jay Sekulow said on NBC’s “Meet the Press” on Sunday. The ...

The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) — which created a single market from Mexico’s southern border to the Yukon — but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or balanced trade with both Mexico and Canada. ...

First they conveniently lost their voice; then they miraculously got it back. But now that the pundits of India’s economic establishment are talking again, all investors hear is discord. The biggest casualty of the war of words between the finance ministry in New Delhi and the central bank in Mumbai is India Inc. Without clarity on where policymakers want the ...