Bloomberg China’s crude oil production will likely extend its slide into a third year as state-run giants focus on pumping natural gas to meet President Xi Jinping’s drive to use more of the cleaner-burning fuel. China, which last year overtook the US as the world’s top oil importer, will see the pace of crude output declines from its old, high-cost ...

Bloomberg The UK should ensure it stays in a close and comprehensive customs agreement with the European Union, providing tariff-free trade in all goods after Brexit, according to the leader of a major business group. Remaining in a customs union with the EU will be far more valuable than striking trade deals elsewhere, Carolyn Fairbairn, director general of the Confederation ...

Bloomberg Uber Technologies Inc. completed its deal with SoftBank Group Corp., triggering a slate of governance reforms at the ride-hailing company. Uber shareholders sold about $8 billion at a discounted price to a group of investors led by SoftBank, making the Japanese conglomerate the largest shareholder. SoftBank also invested $1.25 billion directly into Uber at a valuation of about $70 ...