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Chevron’s $54bn LNG plant hits new snag in Australia

Bloomberg Chevron Corp.’s Gorgon liquefied natural gas plant shut a produ-ction train for about a month, at least the eighth outage since operations started 14 months ago at the most-expensive project in the company’s history. Train 1 at the $54 billion project on Barrow Island off northwest Australia shut last week to replace a failed flow-measurement device, Cameron Van Ast, ...

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Worst yet to come for China company bonds on debt cuts

Bloomberg The worst may not be over for Chinese corporate bonds as the government pushes ahead with its campaign to reduce leverage in the debt market, according to investors including Invesco Ltd. The crackdown on the use of borrowed money to invest in financial assets has led to Chinese companies canceling 184 billion yuan ($27 billion) of bond sales this ...

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Takata rises as car makers to pay $553mn over recall losses

Bloomberg Takata Corp., which is seeking a buyer following the auto industry’s biggest ever safety recall, surged the most in four months after some car makers reached settlements worth $553 million to resolve economic-loss claims tied to the company’s faulty products. Toyota Motor Corp., Subaru Corp., Mazda Motor Corp. and BMW will reimburse out-of-pocket expenses, provide loaners to some vehicle ...

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