Water shortage could cut food exports
NEW DELHI, June 24 (Reuters): A water shortage could cut food exports from India, which has emerged as a leading supplier of a number of food products to the world, the water resources minister warned on Monday.From being a food-deficit country, India has achieved the distinction of being a top...
Read more
Malaysia's Petronas budgets $6.0b for portfolio deals
KUALA LUMPUR, June 24 (Reuters): The chemicals arm of Malaysia's state energy firm Petronas plans to spend roughly $6 billion over the next 15 to 20 years to expand its specialty chemicals portfolio through acquisitions and partnerships, the unit's chief executive said on Monday.The budget is part of Petronas Chemicals...
Read more
Oil extends gains on US-Iran tensions
LONDON, June 24 (Reuters): Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran.West Texas Intermediate crude was up 50 cents, or 0.87 per cent, at $57.93 a barrel.Brent...
Read more
Japan plans lifting ban on Russian chicken imports
TOKYO, June 24 (TASS): Japan intends to allow imports of fresh chicken from Russia as part of earlier reached agreements on the expansion of bilateral trade as well as to help to meet the growing domestic demand for the product, Nikkei Asian Review daily reported on Monday.According to the daily,...
Read more
Lufthansa announces overhaul of budget carrier Eurowings
BERLIN, June 24 (Reuters): Lufthansa announced a turnaround plan on Monday for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15 per cent cut in costs by 2022 in the hope of returning to profit.The German airline cited falling revenues at Eurowings as a...
Read more
