Bloomberg Ghana is postponing plans to protect itself from higher oil prices as the country reviews how its currency is affecting what consumers pay at the pump. Foreign exchange movements are probably having a bigger impact on volatile fuel costs than changes in the international price of crude, Deputy Minister of Finance Charles Adu Boahen said in an interview in ...

Bloomberg India’s world-beating economic growth is running up against some big risks: high oil prices, emerging market stress as the era of easy money draws to a close, and policy paralysis in the run-up to next year’s federal election. Those factors may push the rupee, Asia’s worst performer this year, even lower, as well as dampen some of the optimism ...

Bloomberg US-based investment firm Varde Partners Inc. and Indian financial services provider Aditya Birla Capital Ltd. are creating a joint venture to invest in “stressed and distressed” assets in India. Birla Capital’s shares rose. Minneapolis-based Varde will take a 50 percent stake in Birla Capital’s asset reconstruction business for 980 million rupees ($13.9 million), the Indian firm said in a ...

Bloomberg Tencent Holdings Ltd.’s equity bulls keep facing so many setbacks these days that you wonder when its loyal shareholders will cave. For them, it’s becoming all too familiar: the shares slump on some negative news and analysts rush to say buy, calling it an excellent time to load up on a stock that’s long been among Hong Kong’s most ...

Bloomberg Vertex Pharmaceuticals Inc.’s cystic fibrosis medicine Orkambi will be subsidized by the Australian government from next month. The medicine will be available on the Pharmaceutical Benefits Scheme from October 1 for all patients over the age of six who have the most common form of cystic fibrosis, Prime Minister Scott Morrison said in a statement. “This will provide over ...

Bloomberg Xi Jinping’s government has demonstrated a unique ability to exert control over everything from political speech to the internet. It may now have met its match: China’s children. The country’s kids have taken to digital games like those around the world, playing hours of Honour of Kings and PlayerUnknown’s Battlegrounds. Their enthusiasm has made China’s the world’s biggest game ...

Bloomberg President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes this week, according to six people familiar with the matter. Asked to confirm the plan in an interview with Bloomberg News in the Oval Office, Trump smiled and said it was “not totally ...

Bloomberg Swiss pharmaceutical company Novartis AG wants to increase its operating margins by making production and other processes more efficient as it positions for possible further declines in US drug prices, its chairman said in an interview. Joerg Reinhardt told the newspaper NZZ am Sonntag that his company is taking steps to increase its operating profit margin towards 35 percent ...

Bloomberg The head of the World Trade Organization has responded to President Donald Trump’s threat to leave the institution by warning such a move would cause chaos for US companies operating around the world. In an Oval Office interview with Bloomberg, Trump warned that he would withdraw from the WTO “if they don’t shape up.” The president also called the ...

Bloomberg Coca-Cola Co. is making an audacious move into coffee and retail outlets with the $5.1 billion purchase of UK chain Costa, its biggest acquisition in eight years and a push into the fiercely competitive java market. The soft-drinks company swooped in after Whitbread Plc announced a plan in April to spin off the business. The transaction gives Coca-Cola instant ...