Indians will probably buy expensive cooking oils from overseas for at least another 15 years, as demand continues to far outpace domestic production.
Most of the Australian coal used by steelmakers that was being held at Chinese ports in the wake of Beijing’s import ban has now been cleared, according to local research firm Fengkuang Coal Logistics, although there’s no sign that the halt on new shipments will be lifted.
Central banks in some of Africa’s biggest economies will likely look past high inflation and U.S. policy tightening and hold interest rates over the coming weeks to shore up their recoveries from the Covid-19 stasis.
The United Arab Emirates said it had intercepted two ballistic missiles launched by Yemen’s Houthi fighters, an escalation in a conflict that’s largely left the country unscathed.
Singapore state-owned investor Temasek Holdings Pte is nearing a deal to buy testing company Element Materials Technology from buyout firm Bridgepoint Group Plc for almost $7 billion, according to people familiar with the matter.
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