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Cheniere turns to Obama official in clean gas push

Bloomberg Cheniere Energy Inc., looking to help global customers meet climate goals under the Paris Accord, is turning to a former Obama administration energy expert as it expands its liquified natural gas exports. Christopher Smith, who helped develop the US Energy Department’s so-called life cycle emissions analysis for natural gas and coal, has joined Cheniere’s Washington office. The analysis was ...

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Next US crude export surge may start at a lonely gulf buoy

Bloomberg A 1,000-foot ship will likely pull up to a buoy floating in the Gulf of Mexico next year, hook up its hoses and usher the US into a new era as a major oil exporter. The Louisiana Offshore Oil Port, which already handles imports from similar large ships known as Very Large Crude Carriers, or VLCCs, will likely be ...

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Alibaba to invest $200mn in Indian online grocer Bigbasket

Bloomberg Alibaba Group Holding Ltd., China’s e-commerce giant, plans to invest about $200 million in India’s largest online supermarket, Bigbasket, leading a $280 million funding round in the startup, according to people familiar with the negotiations. Alibaba is taking a stake of about 25 percent in Bigbasket after months of negotiations, said the people, asking not to be identified because ...

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Bain to spend $900mn to buy ad companies in Asia

Bloomberg Bain Capital LP said it is prepared to spend about $900 million or more to acquire digital advertising companies in Asia as it revamps Japan’s No. 3 agency to better compete with rivals like Dentsu Inc. The Boston-based private equity firm acquired 87 percent of shares in Asatsu-DK Inc., in a tender offer, the companies said in statements. Bain ...

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Facebook co-founder backs first Indian startup

Bloomberg Facebook Inc. co-founder Eduardo Saverin is participating in a $40 million investment in Mswipe Technologies, his first foray into the India startup market. Saverin’s B Capital Group and DSG Consumer Partners are leading the funding round, which also includes Ratan Tata’s UC-RNT Fund, Matrix Partners India and Falcon Edge Capital. Saverin will join the company’s board and work with ...

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Chinese billionaire plans IPO of $12bn property arm

Bloomberg Chinese billionaire He Xiangjian, who founded the world’s largest appliance maker Midea Group Co., is planning an initial public offering of his real estate business, according to people with knowledge of the matter. Guangdong Midea Property Co. has been speaking with investment banks about a potential Hong Kong share sale that could take place in 2018, the people said. ...

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Ex-billionaire Vijay Mallya lives on $6,700 a week after court order

Bloomberg Vijay Mallya is becoming something of a fixture in London courts. As the tycoon fights his extradition back to India on fraud charges, another set of lawyers is trying to overturn a $1.5 billion worldwide freezing order against him across town. In the meantime, Mallya has to get by on 5,000 pounds a week, according to court documents. A ...

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Israeli planes hit Gaza as Jerusalem crisis deepens

Bloomberg Israeli fighter jets struck Hamas targets in the Gaza Strip, killing at least two people, in response to rockets fired by Palestinian protesters into Israel. The clashes came as Muslims took to the streets from the West Bank to Jakarta to protest US President Donald Trump’s move to recognise contested Jerusalem as Israel’s capital. Violence associated with the “Day ...

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‘Macron doesn’t get everything right on Europe’

Bloomberg Martin Schulz signalled he wouldn’t give France a blank check on European policy if he takes the party into a government with Chancellor Angela Merkel. Fresh from re-election as head of Germany’s second-biggest party, Schulz combined a defense of his call for a “United States of Europe” by 2025 with a message to French President Emmanuel Macron. Schulz has ...

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Honduras election row drags on with no winner

Bloomberg Honduras is headed into its third week without a winner in presidential elections amid a political standoff between the two leading candidates and few signs its worst crisis in a decade is about to end. The Central American country of 9 million has slipped into a full-blown constitutional emergency since a chaotic November 26 election ended in claims that ...

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