Bloomberg Vietnam boasts one of the world’s fastest-growing economies, optimistic citizens and a stable government. But below the surface of positive data points lies discontent that spilled over during recent protests across the country. Hundreds of anti-riot police blanketed central Ho Chi Minh City on June 17, the nation’s thriving commercial centre, to prevent demonstrations after thousands of Vietnamese took ...

Bloomberg Saudi Arabia’s crude exports jumped in the first half of June, before the world’s largest oil exporter meets with other producer states to thrash out a collective production policy. Observed shipments from the country’s Persian Gulf and Red Sea ports averaged 7.388 million barrels a day during the first 15 days of June, compared with 7.145 million barrels a ...

Bloomberg For the first time ever, Moody’s Investors Service cut its outlook for US utilities to negative, warning that the sector’s debt levels have reached their highest since the financial crisis and may remain there for months. The sector’s consolidated debt-to-equity ratio has hit the highest level since 2008 as companies finance mergers, acquisitions and other investments in renewable energy ...

Bloomberg The Democratic Republic of Congo plans to start work this year on the frequently delayed Inga 3 hydropower project, after receiving a joint bid from two previously competing consortia of investors. One group led by China Three Gorges Corp and another including Actividades de Construccion y Servicios SA of Spain submitted a joint bid on June 6 for the ...

Bloomberg Shale oil hasn’t always been Royal Dutch Shell Plc’s best friend, but they’re working on the relationship. Shell is said to have bid, with partner Blackstone Group LP, on a portfolio of US shale assets BHP Billiton Ltd. wants to sell for about $10 billion. If it wins, the Anglo-Dutch oil major could exceed its goal of doubling its ...

Bloomberg China doesn’t import enough from the US to match Donald Trump’s tariffs dollar for dollar, but President Xi Jinping can still squeeze American companies in other ways in retaliation. American businesses from Apple Inc and Walmart Inc to General Motors Co. all operate in China and are keen to expand. That hands Xi room to impose penalties such as ...

Bloomberg Volkswagen AG picked Bram Schot as interim chief at its Audi unit, taking nearly two days to decide after being caught wrong-footed by the surprise arrest of longtime leader Rupert Stadler over his role in the diesel-emissions scandal. The decision elevates an executive so far untainted by the slow-motion scandal that continues to burn almost three years after the ...

Bloomberg Fujifilm Holdings Corp. accused Xerox Corp. of caving to the whims of Carl Icahn and Darwin Deason in backing out of a $6.1 billion takeover deal. Fujifilm sued Xerox in Manhattan federal court over the failed takeover, seeking more than $1 billion in damages. Xerox walked away from the deal on May 13. “This change of heart is undoubtedly ...

Bloomberg EchoStar Corp is considering raising its offer for rival Inmarsat Plc after its initial approach for the British satellite company was rejected as being too low, according to people familiar with the matter. EchoStar, founded by billionaire Charlie Ergen, is discussing financing for an improved offer in the coming days, said the people, who asked not to be identified ...

Bloomberg A disgruntled Tesla Inc. employee broke into the company’s manufacturing operating system and sent highly sensitive data to unknown third parties, according to an email Elon Musk sent to staff. The worker, who had been denied a promotion, did “quite extensive and damaging sabotage” to Tesla’s operations, Musk wrote in the memo, which was reported in full by CNBC. ...