Bloomberg PT Pertamina, Indonesia’s state-owned energy company, reduced the price of jet fuel sold at the nation’s airports after President Joko Widodo ordered a review following complaints about high air fares blamed on soaring fuel costs. The retailer lowered the price of fuel sold at Jakarta’s Soekarno-Hatta airport by 3 percent to 7,960 rupiah per liter (56 cents) from Saturday, …

Bloomberg Starbucks will launch its first all-day dining cafe in Shanghai, featuring fresh Italian food, the US coffee giant said in a statement. The move signals part of the company’s effort to “to play the long game in China,” according to Belinda Wong, CEO of Starbucks China. The coffee chain, which now operates more than 3,700 stores in 158 cities …

Bloomberg Oil climbed for a second day after Saudi Arabia pledged to deepen production cuts and US President Donald Trump said he might extend a deadline for additional tariffs on China. Futures in New York added as much as 1.5% after rising 1.3% on Tuesday. The world’s biggest crude exporter will continue to curb output more than required by a …