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China's CCXI to suspend credit ratings for some amid a wave of downgrades

China's biggest credit rating agency adopted on Monday a mechanism that would allow it to pause rating services to some clients, as the number of credit downgrades in China surge after regulators tightened scrutiny over bond rating quality.China Chengxin International Credit Rating Co (CCXI) said t…

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Brazil sees government spending share easing to 19% of GDP this year

By Marcela AyresBrazil's government expects total spending as a share of gross domestic product to decelerate and end the year at around 19%, Treasury Secretary Daniel Leal said on Monday.Treasury data released earlier in the day showed the indicator rising steadily since mid-last year, reaching 19…

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Economy
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India lifts restrictions on sale of petrol, diesel from July 1

India has lifted restrictions on the sale of petrol and diesel imposed this month amid disruptions to global supply chains due to the war in the Middle East, the government said in an order on Monday.The restrictions will be lifted on July 1, it said.India had barred commercial fuel buyers from pur…

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Economy
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Wheat down 1-2 cents, corn down 6-8, soy down 9-10

The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday.WHEAT - Down 1 to 2 cents per bushelCORN - Down 6 to 8 cents per bushelSOYBEANS - Down 9 to 10 cents per bushel

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Futures

L'Oreal launches NYX fragrance range to tap Gen Z perfume market

By Alexander Marrow and Dominique PattonFrench cosmetics giant L'Oreal EURONEXT:OR is expanding into mass-market mists, a senior executive told Reuters, as the group taps strong demand from younger consumers for affordable fragrances with an eye to K-Beauty trends.Fragrance brand owners from Estee…

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