India’s rice export ban is boosting prices around the world, increasing the risk of political instability in Asia and Africa, according to the head of a United Nations agency.
Germany expressed its support for the European Union’s anti-subsidy probe into Chinese electric vehicles while making it clear that the burden of proof will be “very high” if the investigation is to lead to concrete action.
European stocks were poised for their worst weekly performance in a month as risk sentiment took a hit on worries that interest rates will remain high for longer than previously expected.
Malaysia’s state oil giant Petroliam Nasional Bhd. is nearing a deal to acquire a minority stake in the ammonia unit of India’s AM Green for about $1.6 billion, according to people familiar with the matter.
Goldman Sachs Group Inc. sees India’s inclusion to JPMorgan Chase & Co.’s key emerging market index spurring inflows upwards of $40 billion to the country’s bonds markets over the next 18 months.
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