Bloomberg Malaysia is in discussions with China-based contractors for compensation relating to pipeline projects worth 9.4 billion ringgit ($2.24 billion). The government is negotiating with China Petroleum Pipeline Engineering Co. and Huanqiu Project Management Beijing Co. on the total compensation to be paid by Suria Strategic Energy Resources Sdn., which was overseeing the projects, for the termination of the work, ...

Bloomberg A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for summer driving season. In the Gulf Coast, dwindling heavy oil supplies have suppressed refining margins, while Midwest refiners may not reach the high run rates seen last summer. Gulf Coast profits from coking — a process where ...

Bloomberg Masayoshi Son is making top executives at SoftBank Group Corp some of the highest-paid in Japan as he recruits talent to his growing investment empire. While Son’s own salary remains modest by global standards, his company paid a total of 9.1 billion yen ($83 million) in compensation to six lieutenants, according documents released for a shareholder meeting on June ...