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Non-basmati rice exports from India increases 68pc YoY

KOLKATA, Oct 05 (The Economic Times): Non-basmati rice exports from India increased 68 per cent year-on-year in the April-July period, helped by a drop in rice production in Thailand.India exported 2.99 million tonnes of non-basmati rice in the first four months of this financial year, up from 1.78 million tonnes...

AirAsia shuts Japan operations

KUALA LUMPUR, Oct 05 (Reuters): Malaysia's flagship budget airline AirAsia Group Bhd is ceasing its Japanese operations immediately, the carrier said in a bourse filing on Monday.The airline said it has been notified that the board of directors of its majority-own subsidiary AirAsia Japan (AAJ) has taken a decision to...

Google defers Indian in-app fees after angry startups complain

NEW DELHI, Oct 05 (Reuters): Alphabet Inc's Google has extended its deadline for Indian app developers to comply with a new billing system for commission fees by six months, it said on Monday, days after local startups voiced anger about the charges.Google will now enforce its global policy more strictly...

Oil rebounds on Trump health update, Norway shutdowns

LONDON, Oct 05 (Reuters): Oil prices rose on Monday, lifted by comments from doctors for US President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive coronavirus test sparked widespread alarm.Brent was up $1.20, or 3.1 per cent, to...

Gold prices fall sharply, silver plunges

NEW DELHI, Oct 05 (The Economic Times): Gold and silver prices fell sharply in Indian markets on Monday, tracking softness in global rates. On MCX, December gold futures were down 0.9 per cent at 50,130 per 10 gram while silver futures declined 0.88 per cent to 60,605 per kg. In...

NZ's Fonterra to sell China dairy farms for $368m

HAMILTON, Oct 05 (Reuters): New Zealand's Fonterra said on Monday it has agreed to sell its farms in China for a total of NZ$555 million ($367.97 million) as the dairy producer continues to focus on the domestic market and reduce debt.The company unveiled plans last year to halt overseas expansion...