Bloomberg J Sainsbury Plc’s Christmas sales fell more than analysts expected as price-conscious UK shoppers turned to discounters for their turkey and stocking stuffers. The supermarket chain became the second of the big four UK grocers to highlight consumer unease over the holiday season, with Wm Morrison Supermarkets Plc warning that the political stalemate over Brexit was making shoppers rein ...

Bloomberg Stephen Wall’s restaurant chain Pho is the kind of tenant that mall landlords would love to attract. The Vietnamese menu is right on trend, the business is expanding and, even better, it has a track record of success in shopping centres. Yet he thinks that even restaurants like his won’t be the savior of malls suffering from the rise ...

ABU DHABi / WAM Suhail Mohamed Faraj Al Mazrouei, Minister of Energy and Industry, has said that Opec and its members “don’t control” oil prices and that the market “dictates” them. “What Opec strives to achieve”, he added, “is a balanced oil market that is fair for both consumers and producers, and encourages the many trillions of dollars of investment ...

Bloomberg US-China trade talks in Beijing are progressing and were poised to extend into Wednesday, according to an American negotiator. The discussions during the past two days “went well,” according to Steven Winberg, an Energy Department official who spoke to reporters in Beijing. “I can confirm we’re continuing tomorrow.” The reason for the extension of meetings originally scheduled for two ...

Bloomberg Sinopec Corp’s trading losses shouldn’t deflect investors from the potential opportunity presented by its shares holding near a two-year low. The refining giant, officially called China Petroleum & Chemical Corp, has slumped 10 percent in the past month amid a global oil rout and after it reported losses on derivatives linked to crude prices at its main trading unit ...

Bloomberg Macquarie Infrastructure & Real Assets and NTPC Ltd, India’s largest power utility, are among companies interested in buying some of the renewable energy assets of beleaguered shadow financier Infrastructure Leasing & Financial Services Ltd, people familiar with the matter said. GAIL India Ltd and Solar Energy Corporation of India have also submitted expression of interest to buy the assets, ...

Bloomberg Idaho regulators rejected Hydro One Ltd’s $3.4 billion takeover of Avista Corp, the second time state officials cited political risks in Ontario as grounds to nix the Canadian company’s effort to buy the US utility. The Idaho Public Utilities Commission said “the management of Hydro One is subject to the province’s political pressure,” and the takeover would therefore be ...

Bloomberg American drivers are likely to pay a little less for gas this year and President Donald Trump is happy to take credit. The projected $2.70 a gallon pump price for 2019 is 3 cents lower than 2018 levels, although this year’s high could reach $3 as soon as May and top $4 in some cities, according to GasBuddy’s Price ...

Bloomberg Stocks surged on Tuesday after the Trump administration said there was progress coming out of its two-day mid-level trade talks with China. The dollar rose with Treasury yields, and crude climbed towards $50 a barrel on expectations the market will be tightened by OPEC’s output cuts. All major US equity benchmarks were higher. The S&P 500 and Nasdaq gauges ...

Bloomberg India stocks rose as investors positioned for the corporate earnings’ season that begins this week amid estimates that economic growth may be slower than forecast. The S&P BSE Sensex climbed 0.4 percent to close at 35,980.93 in Mumbai after swinging between gains and losses. The broader NSE Nifty 50 Index rose 0.3 percent. India’s largest companies this week begin ...