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SYDNEY: Glencore Plc’s global agriculture unit will rebrand its business by changing its name to Viterra later this year.
BENGALURU: India’s Reliance Industries Ltd has bought a majority stake in online pharmacy Netmeds for 6.2 billion rupees (US$83mil), facing up to Amazon.com in the competition for the country’s fast-expanding online drug market.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade range-bound next week at between RM2,600 and RM2,750 per tonne, said a dealer.
JAKARTA: Indonesian Sofa Arbiyanto had a manufacturing job in South Korea two years ago when he learned about the high price of vanilla on the global market, and decided to try his luck at growing it.
MANILA: The Philippine unit of Royal Dutch Shell said it will permanently shut one of the country’s two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow, according to analysts.
BRASILIA: Brazil’s central bank has adopted a new “forward guidance” strategy to keep interest rates and bond yields low, bring inflation up to target and stimulate the economy’s fragile recovery from the Covid-19 crisis.
Market hit another record daily trading volume
LONDON: A former top currency trader has won an unfair dismissal case against Citigroup Inc, but cannot expect to return to his job after the London employment tribunal ruling, the Financial Times reported.
NEW YORK: Energy companies have begun taking back millions of barrels of oil from the U.S. government's emergency stockpile after renting storage in the facility to help manage a glut of crude this spring after energy demand collapsed during COVID-19 lockdowns, a Department of Energy website showed on Monday.