News

  Bloomberg Some of Britain’s biggest companies are bucking calls to reveal more data about executive pay, risking a fresh rift with major investors who are urging the government to combat ballooning wage inequality. Four of the 16 FTSE 100 companies that responded to a Bloomberg survey — GlaxoSmithKline, AstraZeneca, Aviva and Anglo American — said they won’t publish a ...

  Bloomberg Agnico Eagle Mines Ltd. plans to invest more than $1.2 billion in Canada’s subarctic in the next three years as it builds one new mine and expands another. North America’s fourth-largest gold miner by market value is moving ahead with plans to develop its Meliadine project and a deposit near its Meadowbank mine in Nunavut, the company said ...

  Bloomberg Builders started work on more US homes than forecast in January after an upward revision to starts in the prior month, a sign construction was on a steady path entering 2017. Residential starts totaled an annualized 1.25 million, easing from a 1.28 million pace in the prior month, a Commerce Department report showed. The median forecast of economists ...

  Bloomberg Ignore those million-plus empty new homes scattered across Spain, a developer owned by Lone Star Funds says there’s never been a better time to build more. Neinor Homes, bought in 2014 by the Dallas-based investor, aims to become one of Spain’s biggest homebuilders by increasing construction in big cities where the housing stock is running low, according to ...

  Bloomberg OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level, OPEC sources said. The group, together with Russia and other non-OPEC oil producers, agreed late last year to cut output by 1.8 million barrels per day (bpd) to reduce a price-sapping ...

  Bloomberg Israel’s annual consumer price index rose in January for the first time since 2014, finally turning positive after two years of record low interest rates. The index rose 0.1 percent in January from a year earlier, having declined on an annual basis for 28 months, Israel’s Central Bureau of Statistics said in a statement on Wednesday. Economists in ...

  Bloomberg The government of Oman is considering financing structures that let it get advance payments from oil traders, reducing the government’s need to borrow more money from banks, sources familiar with the matter said. Under the proposed structures, Oman’s national oil company might get paid as much as two years before oil was delivered, in exchange for price discounts ...

  Bloomberg China’s stepping up its campaign for greater clout in global commodities trading. The Asian nation’s state-run Sinochem Group is said to be in early talks to become a strategic investor in embattled commodities trader Noble Group Ltd. A potential deal could give the Chinese oil and chemicals behemoth access to Noble’s trading expertise and businesses around the world, ...

  Bloomberg Sleep deprivation is doing more harm in Japan than just making people grumpy and unhealthy. It is also holding back the world’s third-largest economy. The problem has been getting worse in recent years. Nearly half of full-time workers say they don’t get enough sleep, citing long overtime hours as a primary reason, according to a government white paper ...

  Bloomberg Malaysia’s economy grew at the fastest pace in a year last quarter, as stronger consumer spending and an export recovery helped counter falling government expenditure. Gross domestic product rose 4.5 percent last quarter from a year earlier, Bank Negara Malaysia said in an e-mailed statement on Thursday. The median estimate of 18 economists surveyed by Bloomberg was 4.4 ...