Bloomberg Reliance Industries Ltd has started carving out its new oil-to-chemicals operation into an independent unit with a $25 billion loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses. The wholly owned unit’s assets will be funded by the interest-bearing loan, which will be an “efficient mechanism to upstream cash, including ...

Bloomberg China’s overseas energy financing dropped to the lowest level since 2008 after the pandemic hampered deal-making in developing nations. Financing for foreign energy projects, including power plants and mines, fell by 43% to $4.6 billion, according to Boston University’s Global Energy Finance Database, which tracks data from two state-owned development banks. More than half of lending was for a ...

It’s never helpful for the aviation community when fiery debris falls from the sky onto a large US city. But some perspective is warranted on this weekend’s incident involving a United Airlines Holdings Inc-operated Boeing Co 777 jet. This isn’t on par with the crisis that engulfed another Boeing plane, the 737 Max, after two fatal crashes led to its ...