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  Bloomberg Nigeria has filed criminal charges of corruption against oil multinationals Royal Dutch Shell and Eni over the $1.1 billion sale of one of Africa’s richest oil blocks. Both companies have denied any wrongdoing. Charges filed at the High Court in Nigeria’s capital, Abuja, allege the companies paid $801 million to former Oil Minister Dan Etete, former Justice Minister ...

  Bloomberg Iraqi oil shipments of about 105,000 barrels a day were halted briefly after Kurdish troops seized control of a pumping station in disputed Kirkuk province and demanded that crude shipments to the country’s central government be stopped. Oil from Kirkuk stopped flowing into a Kurdish-built export pipeline to Turkey after fighters loyal to the Patriotic Union of Kurdistan ...

  Bloomberg China set a 2017 growth target of “around 6.5 percent, or higher if possible” as focus shifts to easing risk and ensuring stability before a twice-a-decade leadership transition this year. The objective outlined on Sunday in Premier Li Keqiang’s work report to the National People’s Congress in Beijing compares with last year’s target range of 6.5 percent to ...

  Bloomberg India’s surprising economic strength last quarter will only renew debate over how much its unprecedented cash ban has curtailed growth and how quickly activity will bounce back. While the Reserve Bank of India and the government are backing a sharp V-shaped recovery, analysts including those at the local unit of Moody’s Ratings predict a slower turnaround after growth ...

  Bloomberg Japan’s economy coasted along with only slight improvements in January despite a rebound in corporate investment. Core inflation excluding volatile food prices rose 0.1 percent, mainly due to an uptick in energy prices, data showed. The unemployment rate in the world’s third-largest economy edged slightly lower, to 3.0 percent, and the number of jobs per applicant remained at ...

  Bloomberg Australia’s economy expanded faster than forecast in the fourth quarter of 2016 as household savings fell to the lowest level in more than eight years as consumers opened their wallets. Gross domestic product rose as much as 1.1% from prior quarter; economists estimated 0.8% gain. Economy grew 2.4% from a year earlier, compared with a forecast 2% increase. ...

  Bloomberg Australian Treasurer Scott Morrison said he’s still “very concerned” about the impact of record-low wage growth on the budget even after the economy rebounded strongly in the final three months of last year. The treasurer sought to play down the fiscal boost from 1.1 percent growth in the fourth quarter, telling Sky News only that “it’s consistent with ...

  Bloomberg The head of decommissioning for the damaged Fukushima nuclear plant said that more creativity is needed in developing robots to locate and assess the condition of melted fuel rods. A robot sent inside the Unit 2 containment vessel last month could not reach as close to the core area as was hoped for because it was blocked by ...

  Bloomberg China will further trim its bloated smokestack industries this year and support other sectors in services or internet-related businesses to create new jobs. The country plans to eliminate another 500,000 jobs in industries with excess capacity, Minister of Human Resources Yin Weimin said at a briefing Wednesday in Beijing. That’s part of an effort to trim 1.8 million ...

  Bloomberg India’s largest pharmaceutical firms are looking to convince US President Donald Trump that his promise to lower drug costs should take priority over his vow to make sure the medicines are made in America. The Indian Pharmaceutical Alliance, an industry group representing 20 of the nation’s largest drugmakers, is recommending India make the case to US lawmakers, regulators ...