Bloomberg As the price of oil rises, an international rush is on for Mexico’s untapped deep-water riches. The who’s who of the oil world — led by Exxon Mobil Corp and Royal Dutch Shell Plc, the world’s two biggest drillers by market value — are lining up to bid in the country’s Jan. 31 deep-water auction. And the interest is ...

Bloomberg Northern Drilling Ltd., a company set up by billionaire John Fredriksen to buy offshore drilling rigs on the cheap, raised 2.03 billion kroner ($250 million) in a private placement to expand its fleet. The company said it sold 31.8 million new shares at 64 kroner apiece, equal to the stock’s closing price on the Oslo Axess market a day ...

Bloomberg South Korean President Moon Jae-in will visit China for a summit in December, his office said, with tensions over North Korea’s nuclear weapons programme high on the agenda. The agreement was disclosed as Moon and Chinese President Xi Jinping met on the sidelines of the Asia-Pacific Economic Cooperation summit in Danang, Vietnam. In a sign that tensions remain between ...

Bloomberg United Airlines temporarily suspended Newark-New Delhi flights due to poor air quality in India’s capital, and said some extra charges will be waived for passengers forced to reschedule. “We are monitoring advisories as the region remains under a public health emergency, and are coordinating with respective government agencies,” a United Airlines spokesperson said in response to a Bloomberg query. ...

Bloomberg India’s basmati rice exports may drop to a three-year low this year as the European Union tightens a fungicide rule and local prices strengthen. Exports may decline as much as 5 percent to 3.79 million metric tons in the year than began on April 1 from a year earlier, said Vijay Setia, president of All India Rice Exporters Association. ...

Bloomberg Huochebang and Yunmanman, the two biggest apps for Uber-like truck services in China, are in talks to merge, people familiar with the matter said. Wang Gang, a backer of Yunmanman and an angel investor in ride-hailing giant Didi Chuxing, is the top candidate to become chief executive officer if the companies merge, the people said, asking not to be ...

Bloomberg For jewellers in the world’s second-largest gold market, business is yet to recover from the slump that followed India’s decision to ban high-value currency notes a year ago. Ask Bachhraj Bamalwa, who has spent four decades in the industry. As PM Narendra Modi prepared to address the nation last November to announce demonetisation, Bamalwa was busy wrapping up a ...

Bloomberg If time is money, big M&A is getting a lot costlier in the European Union thanks to a tactic increasingly deployed by the bloc’s merger watchdogs in Brussels. Bayer AG’s bid for Monsanto Co is just one of a growing number of deals stalled by regulators stopping the clock more than once during strictly timetabled in-depth investigations to demand ...

Bloomberg Two of Greece’s biggest projects—together valued at about $12.8 billion— have stalled on bureaucratic and legal wranglings, raising questions about the country’s ability to draw investments it desperately needs for an economic recovery. Lamda Development, which is managing the Hellinikon site, the biggest real estate investment in country, said that Greece’s efforts to go back on terms already agreed ...

Bloomberg The UK government plans to create an independent environmental standards watchdog for England after Brexit, according to Environment Secretary Michael Gove. A consultation on the powers and scope of the body will be started early next year, the Department for Environment, Food & Rural Affairs said. With policies set out in full only in the EU treaties, environmental decisions ...