Bloomberg Italy’s gas pipeline operator Snam SpA signed a memorandum of understanding with China’s State Grid International Development as part of Finance Minister Giovanni Tria’s trip to the Asian country. Snam and State Grid International, a unit of the biggest Chinese power distributor, agreed to examine a range of opportunities in China and elsewhere, with a focus on the use ...

Bloomberg India’s largest natural gas pipeline operator has invited users to book surplus network capacity online as the country prepares to create a distribution hub that sets benchmark prices. State-run GAIL India Ltd., which controls 70 percent of the nation’s network, launched a website for online bookings of pipeline capacity to ship gas across the country. GAIL, with 11,400 kilometres ...

Bloomberg TransCanada Corp. won a 49 percent price increase for space on the pipeline it’s building to haul shale gas from Appalachian fields as labor shortages and escalating land prices pushed construction costs almost $1 billion higher. US regulators approved the Calgary-based company’s request to charge gas explorers $14.663 per dekatherm for space on its Mountaineer XPress Project, 275-kilometre in ...

Bloomberg US stocks churned near all-time highs, while Treasury yields climbed as investors assessed the latest developments from the Trump administration’s trade policies. The S&P 500 clung to a record after opening above 2,900 for the first time. Rate-sensitive shares retreated as the 10-year Treasury yield moved towards 2.90 percent. The Mexican peso failed to hold onto Monday’s gains as ...

Bloomberg Sweetener-maker Tate & Lyle Plc, a UK household name due to its former glory days of supplying Britons with sugar for their tea, rose the most in three months on Tuesday after President Donald Trump said the US is pursuing a new trade accord with Mexico to replace the North American Free Trade Agreement. The 97-year-old company’s stock has ...

Bloomberg Surendrasingh Sucharia always has a few thousand rupees in his pocket, but can’t recall the last time he used cash. The 29-year-old product manager in Bangalore uses a string of smartphone apps including ones from Google and India’s Paytm to pay for everything from $40 bags of groceries to street food that costs pennies. A bewildering array of digital ...

Bloomberg India has drawn a list of goods it can export to China, replacing US exports that have become costlier in light of the trade spat between the world’s two biggest economies, according to a person with knowledge of the matter. The South Asian nation has identified more than 40 products, including fresh grapes, cotton linters, flue-cured tobacco and alloy ...

Bloomberg Meituan Dianping, the Chinese restaurant review and delivery giant, has started gauging investor demand for a planned Hong Kong initial public offering, people with knowledge of the matter said. A stock offering from the company could raise more than $4 billion, said one of the people, who asked not to be identified because the details are private. Chinese social ...

Bloomberg Cities ranging from Boston to New York and Washington are set to swelter through Thursday as high heat and humidity combine to make 95-degree temperatures feel as if they’re 100 degrees Fahrenheit or more, boosting energy demand to cool homes and businesses. A large area of high pressure has parked across the eastern US, bringing in a typical summer ...

Bloomberg India plans to spend $1.4 billion to send a crew of three to space by 2022, spurred by PM Narendra Modi’s goal that will help the country break into an elite club. A module with three astronauts will be launched from Sriharikota, a tiny barrier island in southeastern India, taking the passengers on a seven-day voyage around the Earth, ...