Bloomberg The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the country to natural gas and oil exploration for the first time later this month, joining a push by governments across the Caribbean to develop energy production. The government plans to open two land blocks for oil exploration and two ...

Bloomberg China is attempting to pull off an unusual fiscal feat: Cut taxes, boost spending and shrink the deficit, all with a slowing economy. Premier Li Keqiang announced the first budget deficit goal reduction since 2012, to 2.6 percent of gross domestic product from 3 percent. He also pledged tax cuts of 800 billion yuan ($126 billion) for companies and ...

Bloomberg Billionaire T. Ananda Krishnan’s Aircel Ltd. has asked an Indian court to initiate bankruptcy proceedings as it’s unable to repay about 500 billion rupees ($7.7 billion) of dues. The mobile carrier owes about 150 billion rupees to secured financial creditors and the rest to operational unsecured creditors, including those who provided it goods and services, Janak Dwarkadas, a lawyer ...