India is likely to produce 7.4 percent less sugar than forecast earlier as mills are reporting a sharp drop in sugar cane yields due to a drought and white grub infestations in key growing areas, a senior industry official told Reuters.
Tata Sons Ltd is in pursuit of a controlling stake of debt-laden Jet Airways Ltd, a purchase which could transform India’s largest conglomerate from airline fringe player into the country’s dominant, full-service international carrier.
Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP—roughly four years of economic growth—compared with staying in the bloc, the International Monetary Fund said on Wednesday.
A raft of profit warnings from Apple Inc suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company’s plans to make services its main pillar of growth.
Oil rose on Thursday, stabilising after losing nearly 7 percent over the previous three days, though concern over the prospect of an oversupplied market next year continued to weigh on prices despite OPEC’s message that it may cut crude output.