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Bloomberg If you happen to buy a cup of coffee in California and it comes with a cancer warning, don’t panic—it’s just the law. No scientific study says consuming java in moderation is bad for your health—and some even show it’s good for you. But winning a reprieve from the state’s toxics disclosure requirement isn’t easy. Coffee merchants have been ...

Bloomberg Oil was little changed before the release of US inventory data, while OPEC and its allies reassured traders that they’ll complete their strategy to clear a global crude surplus. Futures slipped 0.5 percent in New York after rising 1.1 percent. Government data on is forecast to show that inventories of crude oil fell and gasoline rose, both for the ...

TOKYO/KUALA LUMPUR / Reuters Malaysian state energy company Petroliam Nasional Bhd, or Petronas, signed a three-year liquefied natural gas (LNG) supply agreement with JERA Co, with smaller volumes and for a shorter period than its previous deal with the biggest LNG buyer in Japan. JERA, the fuel purchasing joint venture between Tokyo Electric Power and Chubu Electric Power, will buy ...

Bloomberg Venezuela’s biggest market for crude sales — the US — is becoming a harder and harder place for the socialist nation’s oil producer to do business as sanctions and diminishing quality controls discourage would-be buyers. Oil sales to US buyers have fallen for two straight months and now are 56 percent lower than their 2016 average, according to ship-tracking ...

Bloomberg Infosys Ltd. co-founder Narayana Murthy publicly criticised the company’s board again, just as directors try to recruit a chief executive officer to replace one who resigned out of frustration with such clashes. Murthy said the board has still not addressed questions he raised in August about poor governance and excessive severance, according to a statement he released. CEO Vishal ...

Bloomberg Toyota Motor Corp. cut planned investment by 30 percent for a factory it’s building in Mexico and halved its production target amid pressure from US President Donald Trump for manufacturers to keep more production in the US. Japan’s biggest automaker will reduce investment in the Guanajuato plant to $700 million and trim planned capacity to 100,000 units a year, ...

Bloomberg Feel like sharing? Japan might not be your place.Once home to the world’s biggest technology drivers in the 1980s, Japan has missed the boat when it comes to expanding its sharing-economy sector. Miles behind the US and dwarfed by China by more than two thousand to one, Japan’s sharing economy is also smaller than that of other developed economies ...

Bloomberg Chinese state-backed developer China Jinmao Holdings Group Ltd. said its Hong Kong office was searched in a corruption probe. The company’s shares fell as much as 3.3 percent in Hong Kong on Wednesday and JPMorgan Chase & Co. downgraded the stock. Jinmao and its units are not the subject of the investigation, the company said in a filing to ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the One Million Arab Coders initiative, as part of the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), foundation. The initiative seeks to equip young Arabs with the tools to build their future, starting with fluency in ...

Abu Dhabi / WAM The UAE Central Bank withdrew AED23.8 billion ($6.53 billion) in excess liquidity in four months, as part of its policy to manage excess liquidity in the banking system. In the meantime, certificates of deposit at the bank rose to the tune of AED126.64 billion by the end of September. Official statistics show that the month of ...