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Economy

India likely to cut rates despite inflation risk

MUMBAI: India’s worsening economic outlook as coronavirus cases soar has raised the chance the central bank will cut interest rates at its policy review on Thursday, in spite of inflationary pressures.

Investment

Japan’s Seven & i to buy Marathon’s gas stations

BENGALURU: The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum Corp’s Speedway gas stations for U&S$21bil, brushing aside coronavirus concerns to return to the table five months after initially baulking at the deal.

Business

Top copper nation gets tough on water with BHP in crosshairs

LIMA: Authorities in Chile are cracking down on water use by mines in the driest desert on earth, threatening future supply in the top copper-producing nation.