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Last blast of winter a respite for US gas bulls

  Bloomberg A final icy blast of winter was welcome news for US natural gas bulls. Money managers raised their net-long position in the fuel by 7.8 percent in the seven days ended March 21 to the highest level since June 2014, just as a late-season freeze sent heating demand soaring. Bears cut short bets to a six-week low, US ...

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China’s Zhonghong agrees to acquire 21% SeaWorld stake

  Bloomberg China’s Zhonghong Zhuoye Group Co. agreed to acquire a 21 percent stake in SeaWorld Entertainment Inc. from Blackstone Group LP, becoming the embattled US theme-park operator’s largest shareholder. The Asian leisure and tourism holding company will pay Blackstone $23 a share, or about $448.5 million based on shares held at the end of December. That represents a 33 ...

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Reliance Industries barred from trading futures for a year

  Bloomberg Billionaire Mukesh Ambani’s Reliance Industries Ltd. has been barred from trading futures and options on India’s equity markets for a year after being found guilty of fraudulent activity by the market regulator. The Securities and Exchange Board of India said Reliance, along with 12 unlisted trading houses it used, carried out unlawful transactions in shares of its former ...

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