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Asia refiners snap up cheap light oil to reap higher fuel profits

  Reuters As the cost of light crude drops, some refiners in Asia are snap-ping up cargoes of the oil that is easier and cheaper to process than their usual diet of heavy crude, chasing profits from making diesel and gasoline. As a result of the OPEC production cuts, the world’s oil supply has become more light and those oil ...

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Fortis Healthcare weighs Singapore trust buyout

  Bloomberg Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said. The New Delhi-based company is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market ...

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China’s Huishan had emergency creditor meeting before rout

  Bloomberg China Huishan Dairy Holdings Co.’s creditors held an emergency meeting on Thursday to discuss a cash shortage at the milk producer, according to a peer-to-peer lender that attended the gathering. Government officials from Liaoning province, where Huishan is based, convened the meeting and asked the company’s lenders to refrain from demanding immediate repayment, according to Hongling Capital, a ...

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