After EU curbs,palm oil producers’ hunt for new export markets bears little fruitKUALA LUMPUR: A push by palm oil producers to cultivate new markets in Southeast Asia and the Middle East is unlikely to move the dial on exports this year, traders and analysts say, as customers favo...
Japan car giants team up to build hydrogen stationsTop Japanese carmakers said on Monday they were teaming up to nearly double the amount of hydrogen stations in Japan, as the car-mad country seeks to head off competition from China and Germany. Toyot...
As Congress moves to drop tariffs, some US firms cry foulNAPLES: Michael Korchmar was hiring. His family-owned travel-goods company was planning to make a new product, an insulated food bag, and he had put out help-wanted notices for up to 30 workers to run...
Argentina drought bakes crops, sparks grain price rallyCHICAGO/CHIVILCOY: Argentina’s worst drought in decades is shrivelling farmers’ fields, sending grain prices soaring and forcing Bunge Ltd and other major crop processors to crush fewer oilseeds into...
Days of tax cuts are finished in UK, think-tank warnsLONDON: The days of tax cuts in Britain are over and the baby-boomer generation should prepare for higher wealth taxes to fund an inevitable surge in healthcare costs, the Resolution Foundation think...
IEA sees jump in US oil output in next five yearsLONDON: US shale oil output is set to surge over the next five years as drillers recover rapidly from a three-year slump, the International Energy Agency said on Monday, sharply upgrading its previous...
India’s services industry contracts in February as inflation hits demandREUTERS: Activity in India’s service industries contracted in February for the first time since November as rising price pressures led to a decline in new businesses orders, a private survey showed on...
Irish services growth slows to three-month low in February, PMI showsDUBLIN: Growth in Irish services slowed to a three-month low in February, falling just below the 12-month average, as new export orders and backlogs of work expanded at a slower pace. The Investec Ser...