Bloomberg And just like that, another Internet giant is stepping into health care. Alibaba Group Holding Ltd. said it’s teaming up with AstraZeneca Plc in an effort to improve health services in China, the UK-based drugmaker’s second-largest market. Coming just days after a pledge by Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. to collaborate on new approaches ...

Bloomberg Unilever is rolling out new products such as Dove shower foam to boost sales as it struggles to raise prices on longtime mainstays like Hellmann’s mayonnaise. The Anglo-Dutch consumer-product giant introduced five new brands in its personal-care division in 2017, including Hijab Fresh, a hand and body lotion aimed at Muslim consumers, and soaps formulated for babies. That helped ...

Bloomberg Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 percent stake in ACWA Power International ahead of an initial public offering by the Riyadh-based energy producer, according to people with knowledge of the matter. The Public Investment Fund, known as PIF, may sign an agreement with the power plant developer in the coming days, ...

Bloomberg Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the world’s largest crude exporter responds to slower seasonal demand. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, set the official pricing for Arab Light crude to Asia at a premium of $1.65 a barrel more than the regional benchmark, it ...

BEIJING / Reuters China’s natural gas production is rising at the fastest pace in four years but that will not be enough to meet the demand for the fuel that has been unleashed through a government program to raise gas usage in order to clean the country’s polluted air. Gas output in China rose to a record 147.4 billion cubic ...

Bloomberg Oil and Natural Gas Corp. is facing a delay of at least a year in starting production from its biggest project, according to people with knowledge of the matter. The nation’s top explorer, which planned to produce gas from a deep water block in the Krishna-Godavari Basin off the country’s east coast from June 2019, won’t produce first gas ...

Bloomberg Oil’s rally is unraveling on fears over a rise in US production after crude’s best January in more than a decade. Futures in New York are extending declines for a second session as Baker Hughes data showed American explorers last week raised the number of rigs drilling for crude to the highest in almost six months. Short-sellers betting against ...

Bloomberg Chinese developers are driving convertible bond sales in Hong Kong as analysts warn of a stock price correction. Seven Chinese companies have sold HK$41.8 billion ($5.3 billion) of the hybrid securities this year, surpassing previous full-year totals, according to data compiled by Bloomberg. Led by China Evergrande Group’s record sale this week, five developers have priced convertibles, which typically ...

Bloomberg US stocks remained down after recovering from steeper early losses, while European and Asian equities slumped. Treasuries and the dollar stabilised. Oil fell and copper rose. The S&P 500 Index and Dow Jones Industrial Average each fell more than 1 percent at the open on Monday, before a rally in utility and consumer shares pulled them back up somewhat. ...

Reuters Most Middle Eastern stock markets fell on Monday in line with a weak global trend, with Saudi Arabia seeing profit-taking in cement shares, but Egypt rose on the back of several blue chips, The region had already dropped on Sunday in response to Wall Street’s plunge on February 2, so Gulf markets far outperformed other bourses in Asia, where ...