Bloomberg Asia’s going to have to wait a little longer for the flood of U.S. shale gas to reach its shores. A global glut of liquefied natural gas has cut price differences between regions worldwide, leading traders to ship cargoes for shorter distances to save on freight costs, Citibank analysts including Anthony Yuen said in a report dated July …

  Gaziantep / AFP Brazilian steelmaker Usiminas has extended a 120-day credit standstill that was due to expire on Friday, state development bank BNDES said. Usiminas has been granted an additional 60 days to negotiate a deal, BNDES said in an e-mailed statement. Usinas Siderurgicas de Minas Gerais SA, as the Belo Horizonte-based company is formally known, has been in …

  Beirut / AFP Syrian President Bashar al-Assad said on Thursday he has never faced pressure from Russia to step aside, as US Secretary of State John Kerry headed to Moscow seeking to revive stalled peace efforts. Speaking to NBC News in Damascus, Assad insisted his Russian counterpart Vladimir Putin and Foreign Minister Sergei Lavrov had never raised the issue …