News

  Bloomberg The White House has a new darling in the energy sector: liquefied natural gas. First Gary Cohn — President Donald Trump’s top economic adviser — voiced support for a terminal in the US Northwest that would send tankers full of LNG to Asia. Then, Energy Secretary Rick Perry praised an export terminal proposed by Exxon Mobil Corp. and ...

  Bloomberg Exxon Mobil Corp. has boosted it’s dividend every April for at least a decade, delivering more than $98 billion directly to shareholders. This year, the payout will likely rise again. The open question is by how much. Exxon slowed quarterly dividend growth the last two years as the industry fought through the worst price rout in a generation. ...

  Bloomberg The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring. Daewoo Shipbuilding & Marine Engineering Co., which averted a payment crisis this month after bondholders agreed to a debt revamp, said it is set to deliver more than 30 liquefied natural gas carriers ...

  Bloomberg China’s official factory and services gauges pulled back from multi-year highs, dimming the outlook for the sustainability of the past two quarters’ acceleration in economic growth. Manufacturing purchasing managers index fell to 51.2 in April from an almost five-year high of 51.8 in March, missing the median estimate of 51.7 in a Bloomberg survey and falling short of ...

  Bloomberg Want Want China Holdings Ltd., one of China’s largest processed-foods companies, is expanding into the lucrative niche market for soy and other plant-based milk products as Chinese families spend more for healthy options. The Hong Kong-listed company plans to introduce its line of soy and oat milk this year as it forecasts the market for plant-based milk will ...

  Bloomberg India will overtake Germany in 2022 as the world’s fourth-largest economy and push Britain out of the top five, based on analysis of growth projections by the International Monetary Fund. But the challenges the South Asian nation must surmount to get there are many. These include executing a wide-ranging overhaul of the tax system, sorting out the biggest ...

  Bloomberg A flood of data the day after the Bank of Japan held its monetary policy unchanged indicates that the modest recovery in world’s third-largest economy is continuing for a fifth quarter, yet inflation largely refuses to budge. Consumer prices excluding fresh food, the core measure for inflation, increased 0.2 percent in March from a year earlier (forecast 0.2 ...

  Bloomberg Puerto Rico bondholders rejected Governor Ricardo Rossello’s debt-restructuring proposal days before a May 1 deadline to craft a deal or face a potential wave of creditor lawsuits. The Caribbean island is offering holders of its general-obligation bonds 77 cents on the dollar while proposing 58 cents on the dollar for its sales-tax debt, according to the commonwealth’s latest ...

  Bloomberg Foxconn Technology Group, the maker of Apple Inc.’s iPhones, said it plans a big increase in investments in the US after billionaire Chairman Terry Gou visited the White House over consecutive days, including a meeting with President Donald Trump. “We are engaged in discussions with officials at various levels of government regarding our ongoing plans to significantly increase ...

  Bloomberg Cash may still be king for most Europeans, but more than one in three would be happy to abandon it altogether. Twenty-one percent of people already rarely carry physical notes or coins, with 1 percent saying they haven’t needed to for at least year, according to a survey of almost 15,000 people by ING. More than half of ...