What's news

Commerce ministry launches sugar probe

China has launched a probe into soaring sugar imports following complaints by its domestic industry, the government said on Thursday, the latest sign that trade tensions between major commodities-producing nations are intensifying. The Ministry of Commerce said the probe will look at imports since 2011 and into possible protectionist measures provided by foreign countries for their producers. It will last six months, with an option to extend the deadline, it said. The government did not say which countries it would target as part of the probe. Thailand, Brazil and India are the world's biggest sugar producers and China is the world's top buyer.

Foreign institutions to conduct FX financing