India rules out lowering sugar import tax for now - govt source
NEW DELHI India, the world's biggest sugar consumer, has no plan to lower import duty on the sweetener, at least in the near term, a government official said on Thursday.
OSLO High oil prices are hindering economic recovery and it would not be in the interest of the oil-producing OPEC states to see oil above $90 per barrel, the chief economist of the International Energy Agency (IEA) said.
Asked if the current price of oil was starting to damage the economy, IEA chief economist Fatih Birol told Reuters on Monday: "At these high level of prices, it would definitely be a problem for economic recovery. This may well strangle the economic recovery of many... countries."
Oil prices were above $85 a barrel on Monday.
Asked if he though OPEC would change supply if oil prices topped $90, Birol said: "I think if it goes above $90 it is not a good thing for OPEC countries as well."
(Writing by Wojciech Moskwa)
NEW DELHI Some Indian officials have baulked at Apple's demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi's campaign to lure foreign investors.
LONDON Lloyd's of London said on Thursday it received final regulatory approval for its reinsurance branch in India and will open in time for April reinsurance renewals.