News

  Bloomberg India’s central government will transfer its stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil explorer as part of its plans to create an integrated oil company, The Economic Times newspaper reported, citing people it didn’t identify. The government of Prime Minister Narendra Modi will issue a proposal for approval by the country’s cabinet to ...

  Bloomberg Saudi Arabia is seeking ways to boost foreign investment in its bourse, almost two years after easing access to the one of the world’s most restricted exchanges. The Tadawul, as the market is known, will hold talks with companies already trading on other Gulf Cooperation Council exchanges for a cross-listing in the kingdom by 2018, Chief Executive Officer ...

  Bloomberg Shivam Shankar Singh woke last month to an e-mail from an Indian government department. It had a name, address, mobile phone number and bank account with a code for money transfers and investments made in a dairy farm. None of the details were his. The e-mail contained details submitted to a program that collects personal and biometric data, ...

  Bloomberg Negotiators from 16 Asian countries are meeting in the Japanese port city of Kobe this week for talks on a regional trade pact seen as a rival to the Trans-Pacific Partnership rejected by US President Donald Trump. China is not part of the TPP but is playing a leading role in the Regional Comprehensive Economic Partnership, or RCEP, ...

  Bloomberg SoftBank Group Corp.’s Masayoshi Son, sporting a black turtleneck similar in style to the late Steve Jobs, laid out his vision for the future of technology and called for partners to help make it happen at the smartphone industry’s biggest annual gathering. Son reiterated his belief that computers will exceed humans in intelligence in three decades, and that ...

  Bloomberg Japan’s scaling back of a program encouraging residential solar has Panasonic Corp. hopeful the market for home energy storage systems is about to receive a boost. In 2019, a program designed to buy back solar power flowing from rooftop panels at above-market rates will start becoming less enticing, potentially leaving homeowners who signed up with excess power on ...

  Bloomberg The biggest equity rally in Asia this year has yet to captivate global investors. The MSCI China Index, which is dominated by Hong Kong-traded Chinese shares, has surged 11 percent since December 31, its best start to any year since 2012. That’s been fueled by $9 billion of inflows through cross-border trading links as mainland investors seek to ...

  Bloomberg China’s economy remained generally steady during the Lunar New Year while sentiment readings show uncertainties over the outlook, according to the earliest private data for February. Sales managers perked up and satellite data showed activity hanging in near a five-year high. Meanwhile, the financial world’s outlook for next 12 months remained in negative territory and a gloomier mood ...

  Bloomberg Mexico’s top trade negotiator doubled down on threats to break off talks to rework Nafta, saying his country will walk away if the US insists on slapping duties or quotas on any products from south of the border. “The moment that they say, ‘We’re going to put a 20 percent tariff on cars,’ Iget up from the table,” ...

  Bloomberg INTL FCStone Inc. is betting the $170 billion physical gold market will follow the rest of the bullion world in catching up with technology. The brokerage has started a platform that brings everyone from refiners to jewelers together to trade metal around the world, said Barry Canham, who heads the company’s precious metals division. At the moment, the ...