Bloomberg China’s currency outperformed its Asian emerging market peers this week, as state-owned banks were said to have squeezed short sellers last week before a potential wave of new US tariffs. After five months of declines, the offshore yuan was poised to become the strongest emerging market Asian currency in the first week of September. State-owned banks bought yuan forward ...

Bloomberg India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation. Investors and fund managers that met with Indian government officials during a US roadshow last month voiced concern that ...

Bloomberg Duke Energy Corp., one of the largest US utility owners, is giving up on building new nuclear plants. For the first time since 2005, the company didn’t include the prospect of adding more reactors to its fleet in long-term plans filed with state regulators. The move comes about a year after Duke cancelled plans to build a nuclear plant ...

Bloomberg Equatorial Guinea may exclude oil-service companies TechnipFMC Plc, Subsea 7 SA and Schlumberger Ltd. from the country because they aren’t complying with local-content rules over training and jobs, said a government official. Major oil companies could be asked by the end of September to cancel their contracts with those service providers and issue new tenders, the official said, asking ...

Bloomberg I Squared Capital, the private equity firm led by former Morgan Stanley executives, is considering a sale of Irish power producer Viridian Group Holdings Ltd., people with knowledge of the matter said. The infrastructure-focussed investment firm is sounding out potential buyers to gauge their interest in Viridian, said the people, who asked not to be identified as the information ...

Bloomberg China’s chances of escaping the trade conflict with the US with only minor damage to its economy just got slimmer. On September 7, US President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods, saying he’s ready to tax all imports “at short notice”. While economists see the immediate impact of trade tension ...

Bloomberg Alibaba Group Holding Ltd. Chairman Jack Ma told the New York Times that he plans to step down from his role at the company on Monday, marking the end of an era at China’s e-commerce juggernaut. China’s richest man said that he would remain on Alibaba’s board of directors as he pursues philanthropic endeavours, the New York Times reported. ...

Bloomberg China sustained a surge in aluminum shipments to world markets in August as buyers sought supplies from the largest producer to replace metal from United Co. Rusal, which has been hit by US sanctions. Exports of unwrought aluminum and products reached 517,000 metric tons, almost the same as the 520,000 tons in July, which was the highest total in ...

Bloomberg Japan had restored power to nearly all of the northern island of Hokkaido as of September 8 morning after a historic earthquake knocked out electricity to the entire prefecture, home to more than 5 million people. The local government said that 18 people were killed, and 19 were still missing, the Nikkei reported. Hokkaido Electric Power Co., the region’s ...

Bloomberg Suzuki Motor Corp. will start road tests of electric vehicles in India starting next month as part of a plan to bring a battery-powered model as early as 2020, signalling undivided focus on its biggest market after announcing its exit from China this month. The company will test 50 EV prototypes to help develop easy-to-use cars that can withstand ...