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Bloomberg Talks between a Nigerian oil labour union and Chevron Corp. over the US energy giant’s plan to fire thousands of workers ended on September 28 with the prospect of a resolution in sight, the union said. Discussions between the union, Chevron and the Nigeria’s Ministry of Labour and Employment “ended in a cordial way as of yesterday,” Fortune Obi, ...

Bloomberg Brazil’s state-run energy explorer Petrobras will pay $853.2 million to settle claims by authorities in its home country and the US stemming from allegations that its executives facilitated bribes to politicians and then concealed those payments from investors in one of South America’s biggest corruption scandals. The bulk of the penalties — more than $682 million — will go ...

Bloomberg Facebook Inc. said it discovered a security breach earlier this week that affected almost 50 million accounts the latest in a series of missteps that are undermining confidence in the company’s social network and business model. The social-media network said in a statement that it has fixed the breach, which allowed hackers to take over people’s accounts. Law enforcement ...

Bloomberg President Donald Trump’s trade war with China could hurt tourism from that country to the US, and Chinese travellers are already starting to favor other destinations, such as Europe, according to Marriott International Inc. Chief Executive Officer Arne Sorenson. The trade battle has had “little” impact on Marriott’s business so far, Sorenson said in an interview on Bloomberg Television. ...

Bloomberg The Trump administration and Canada are making a renewed push to keep Nafta a trilateral accord, prompting the US and Mexico to postpone publishing a text of their two-way trade deal Friday, Mexican Economy Minister Ildefonso Guajardo said. Mexico earlier in the day said it was planning to release a more complete draft of its preliminary trade agreement with ...

Bloomberg US health officials are trying to increase the rate of flu vaccinations this year after a severe outbreak last season killed a record number of children and led to spot shortages of antiviral medications like Tamiflu. In a panel hosted by the National Foundation for Infectious Diseases and the Centers for Disease Control and Prevention in Washington, US Surgeon ...

Bloomberg KKR & Co. and Blackstone Group LP are among suitors that have expressed interest in acquiring a stake in Shriram Group, the Indian finance conglomerate backed by billionaire Ajay Piramal, people with knowledge of the matter said. The two private equity firms have each held preliminary talks in recent months about buying stakes in Chennai-based Shriram Group owned by ...

Bloomberg Chinese electronics giant TCL Corp. is weighing a bid for ASM International NV’s remaining stake in its listed Asian affiliate, as the Dutch semiconductor-equipment maker faces pressure from activist investors, people familiar with the matter said. TCL has been working with an adviser to explore making an offer for the 25 percent stake in Hong Kong-listed ASM Pacific Technology ...

Bloomberg Tencent Holdings Ltd. is turning into a serious drag for emerging-market investors. The stock has tumbled 18 percent since June, its worst performance relative to an index of global technology companies since it started trading in 2004. The biggest stock in Asia — and one which 48 analysts recommend buying — extended its decline even as the MSCI World ...

Bloomberg India’s Infibeam Avenues Ltd. lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised concerns about the online iPhone and iPad retailer’s accounting practices. Speculation mounted before a shareholder meeting on Saturday after a message attributed to brokerage Equirus Securities Pvt. began to be distributed on WhatsApp, said Bhavin Mehta, ...