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Bloomberg Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Oil Minister Khalid Al-Falih said. Asked whether both parts of the IPO will happen next year, Al-Falih said: “Yes of course; it is on track.” He declined to answer questions on whether Chinese investors were ...

DHAKA / Reuters Bangladesh Petroleum Corp (BPC) is set to sign a 15-year deal with Indian oil refiner Bharat Petroleum Corp Ltd (BPCL) to import gasoil to meet the country’s energy demand, two company officials with the direct knowledge of the matter said. The sales and purchase agreement is expected to be signed on October 22 during Indian Foreign Minister ...

Bloomberg Oil extended gains as signs of declining US stockpiles pointed to healthy demand while investors weighed potential disruptions to supply because of global geopolitical tensions. Futures in New York rose as much as 0.6 percent after adding 2.5 percent in the past three sessions. An industry report showed US inventories fell last week, with government data forecast to show ...

Bloomberg India’s biggest gas utility plans to use some of the liquefied natural gas it gets from the US to restart three idled fertilizer plants, according to people with knowledge of the matter. State-run GAIL India Ltd. plans to supply the factories in eastern India with more than a third of the LNG it’s contracted to buy from the US, ...

Bloomberg UK unemployment held at a 42-year low in the three months through August and the number of people in work approached a record high, according the figures published. The latest snapshot of the labour market from the Office for National Statistics may help to explain why the Bank of England appears to be edging towards its first interest-rate increase ...

Bloomberg The days when Venmo was just known as the app for splitting dinner bills with friends are over. PayPal Inc.’s peer-to-peer payments service can now be used to make mobile purchases at more than 2 million US retailers, an effort to broaden Venmo’s appeal and bring in more money. The announcement significantly expands the app’s reach in stores, up ...

Bloomberg Amazon.com Inc., EBay Inc. and other online marketplaces are failing to take seriously online tax fraud by vendors using their platforms, a panel of UK lawmakers said, calling on the companies to work with the government’s tax authority to tackle the problem. The tax agency, Her Majesty’s Revenue and Customs, has been too timid in using its powers and ...

Bloomberg HelloFresh, the meal-kit startup backed by Rocket Internet SE that plans an initial public offering in Frankfurt, is telling investors that it’s set to overtake its rival Blue Apron Inc. in the US in the near term. HelloFresh generated sales of $169 million in the US in the second quarter, up from 120 million euros in the first three ...

Bloomberg After more than five years of declining sales, IBM says it will finally show investors it can grow again. Some of that boost will come from one of the company’s legacy hardware businesses, rather than the new services such as cloud and data analytics on which IBM has been pinning its growth prospects. Fourth-quarter revenue is projected to be ...

Bloomberg While competitors race to catch up with Netflix Inc., the largest online TV service in the world is adhering to a simple strategy to maintain its lead: you have to spend money to make money. The streaming pioneer will deploy as much as $8 billion on programming next year, as much as a third more than in 2017. The ...