India expects third straight normal monsoon; good news for farm sector

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India’s vital monsoon rains that feed its rivers and a large chunk of land under agriculture are expected to be normal for the third straight year, the Indian Meteorological Department (IMD) said in its first forecast. It said in a statement that India would receive 97 percent of the long-period average rainfall this year. “There […]

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Rising pound, frost, Brexit and French elections dampen fine wine prices

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Frost in growing areas and French elections are adding to uncertainty over prices of new vintage wines after the fine wine market posted its first fall in 17 months, as merchants and investors grappled with currency markets and uncertainty about the pricing of the Bordeaux 2016 vintage. The Liv-ex 100 Fine Wine index, which reflects […]

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Indian ruling party’s state election wins show broad-based support for government’s reform agenda – Moody’s

 The results of the latest state election in India demonstrate broad-based popular support for the government’s policy agenda and will facilitate the implementation of further reforms, a credit positive for the sovereign, Moddy’s Investors Service said in a note. Moody’s said wins by the the Bharatiya Janata Party (BJP) led by Prime Minister Narendra Modi […]

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