News

  Bloomberg As one of Asia’s fastest-growing economies and the most populous Muslim nation in the world, Indonesia is billing itself as a natural home for Middle Eastern investment at a time when the US is turning inward. With a landmark visit by Saudi Arabia’s King Salman bin Abdulaziz to Southeast Asia winding down this week, Indonesia has won pledges ...

  Bloomberg Myanmar could be the next Vietnam or Thailand, with the economy having the potential of growing as much as 10 percent, a senior British diplomat said. The Southeast Asian nation, which is opening its economy to investors after decades of military rule, has to overcome challenges including a shortage of power supply, lack of policy clarity and high ...

  Bloomberg Copper is poised to drop this year as higher US interest rates and elections in Europe curb demand, according to the chairman of China’s second-largest refiner of the metal. Prices will end the year lower than where they started, Jiangxi Copper Co. Chairman Li Baomin said in an interview in Beijing as the government announced growth plans for ...

  Bloomberg Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of the most environmentally damaging forms of fossil-fuel extraction. All of the company’s oil-sands interests apart from a 10 percent stake in the Athabasca mining project will be sold ...

  BEIRUT / Reuters Egypt needs to implement economic reforms aimed at encouraging more private investment and moving away from subsidies towards targeted transfers for the poor, a senior World Bank official said. Hafez Ghanem, the World Bank’s vice president for the Middle East and North Africa, told Reuters in an interview that Cairo’s next set of economic reforms should ...

  BISMARCK / AP The two biggest railroads shipping oil from North Dakota don’t seem particularly concerned that the Dakota Access pipeline may be about to come online, as oil makes up only a small percentage of their business in the state. The pipeline could begin operating as soon as next week, despite an unresolved legal dispute involving two Native ...

Reuters China has granted preliminary approval for 38 trademarks linked to Donald Trump, documents on China’s state trademark office show, giving the US President and his family protection were they to develop the “Trump” brand in the market. The trademarks — which in theory cover a wide sweep of businesses from hotels to mobile libraries and escorts — underline the ...

  Bloomberg China’s broadest measure of new credit moderated in February as shadow banking activities slumped, signaling policy makers are making good on pledges to cut leverage and deflate asset bubbles. Aggregate financing was 1.15 trillion yuan ($166 billion), compared with a median estimate of 1.45 trillion yuan in a Bloomberg survey. New yuan loans stood at 1.17 trillion yuan ...

  Bloomberg They’re all going to the land Down Under. Australia is luring increasing numbers of global millionaires, helping make it one of the fastest growing wealthy nations in the world, according to reports from New World Wealth. The influx may be because of Australia’s superior healthcare system and lower inheritance taxes, its ideal location to do business with Asia, ...

  Bloomberg Samsung Electronics Co. is in preliminary talks to expand its manufacturing operations in the US with a new facility for home appliances. The Suwon, South Korea-based technology giant expects to spend at least $300 million on the project and is discussing the plans with at least five states, the Wall Street Journal reported, citing unnamed sources. The shift ...