India, the world’s second-largest sugar producer, exported 3.06 million tonne (MT) of the sweetener until June 2 this fiscal — 53% higher than a year before — official sources told FE. The unusual surge lends some credence to the government’s fears that sugar stocks could be substantially depleted by the festival season if outbound shipments […]
On Bloomberg’s ‘Balance of Power’ with David Westin, Paul Romer, NYU professor and Nobel Laureate, on inflation; Catherine Hausman, University of Michigan professor, on high energy prices; Rep. Al Green, (D) Texas, on the Jan. 6 hearings; Dale Buckner, Global Guardian CEO, on Russian cyber threats.
The country’s current account deficit (CAD) likely moderated to 1.96% of GDP ($17.3 billion) in 4QFY22, as against a deficit of 2.74% of GDP in Q3FY22, India Ratings said in a report on Thursday. The CAD is estimated to have been at 1.38% ($43.81 billion) in FY22 compared to the current account surplus of 0.9% […]
(Bloomberg) — Thermal coal in China has climbed above the government’s price caps imposed last month, prompting regulators to dispatch squads to major mining regions to ensure compliance. Read More
SINGAPORE — Chicago soybean futures slid on Friday but the market is poised for its biggest weekly jump in two months, as robust demand for U.S. cargoes underpinned prices. Read More
As many as nine countries – including Ethiopia, Indonesia, Bangladesh, Qatar, Oman, Yemen and Jordan – have requested India to supply about 1 million tonne (MT) of wheat in the wake of a ban on the grain’s exports from May 13 but the entire demand is unlikely to be fulfilled, official and trade sources told […]
(Bloomberg) — The stock offering for Brazil’s state-owned power company Eletrobras on Thursday raised 33.7 billion reais ($6.9 billion), becoming the world’s second-largest equity deal so far this year, according to people familiar with the matter. Read More
TOKYO — Japan’s wholesale prices rose 9.1% in May from a year earlier, slowing from the previous month’s increase as the recent spike in fuel costs moderated, data showed on Friday. Read More
Shriram Transport Finance Company (STFC), one of the largest commercial vehicle financers, and part of the Shriram Group, secured a long-term funding of $250 million from the US International Development Finance Corporation (DFC) of the US. The $250- million external commercial borrowing (ECB) is a fixed-rate 10-year loan under STFC’s social finance framework. The funding […]