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Bloomberg Amid the worst crude-price environment in its history, the Canadian oil industry is being ham- strung by internal divisions that are making it harder to rally around potential solutions. That draws a stark contrast to the US, where a less divided industry wields more clout. Most notable is the split between Canada’s pure producers, who are being devastated by ...

Bloomberg Natural gas took a breather after its biggest gain in eight years as forecasts for lingering US cold spurred concern supplies may not be enough to meet winter demand. Gas for December delivery eased 3.1 percent in Asia after surging 18 percent to settle at $4.837 per million British thermal units, the highest since the “polar vortex” of early ...

Bloomberg JD.com Inc. founder Richard Liu is struggling to reassure investors of his e-commerce giant’s prospects amid rising competition and a global trade war, even as US prosecutors mull whether to charge him over rape allegations. JD’s ADRs slid 8.4 percent in US trading to the lowest in more than two years after a disappointing earnings report and Liu’s first ...

Bloomberg Bharti Airtel Ltd. is raising more than $2 billion in loans from banks, as India’s second-biggest wireless carrier faces increased competition at home and the threat of a ratings downgrade to junk. The company, controlled by billionaire Sunil Bharti Mittal, has agreed to two- and three-year bilateral loans with 10 to 12 lenders, according to people with knowledge of ...

Bloomberg Nippon Yusen K.K., Japan’s largest shipping line by sales, is introducing its own digital currency for crew members, people with knowledge of the matter said. The goal is to make it easier for seafaring workers to manage, send and convert money into their local currencies, said one of the people, who asked not to be identified because the plan ...

Bloomberg The Maldives is reportedly planning to pull out of a free trade agreement with China as the island nation moves closer to India and the West after Ibrahim Mohamed Solih won the presidency in a September election. The trade imbalance between China and the Maldives is “so huge that nobody would think of a free trade agreement between such ...

Bloomberg Asia, at the broad level, will lose from the US-China trade war, but a few countries will emerge as relative winners. Nomura Holdings Inc. found that a push by companies in the US and China for import substitution towards the rest of Asia will benefit Malaysia in particular, followed by Japan, Pakistan, Thailand and the Philippines, based on its ...

Bloomberg They have little chance of success, but the shareholder group trying to derail Takeda Pharmaceutical Co.’s $62 billion purchase of UK-listed Shire Plc is making last-minute attempts to win over investors. The dissident holders account for only about 1 percent of Takeda’s shares outstanding, but the group is raising its profile as the Japanese drugmaker inches toward completing its ...

Bloomberg Apple Inc shares dropped close to bear market territory on concern consumers are no longer clamouring for its cornerstone product, the iPhone. The stock closed at a record of $232.07 on October 3. Since then it’s plunged almost 20 percent — the official bear market threshold — as multiple suppliers indicated the company is cutting parts orders for the ...

Bloomberg BASF SE Chief Executive Officer Martin Brudermueller unveiled a comprehensive redesign of the chemical giant’s corporate structure to boost profit by 2 billion euros ($2.3 billion) from 2021 and challenge smaller, more focussed competitors. The Ludwigshafen, Germany-based company is also targeting growth in earnings before interest, taxes, depreciation and amortisation of 3 percent to 5 percent per year, although ...