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Oil near three-week high

Bloomberg Oil traded near a three-week high after a supply disruption in Libya and as investors await US inventory data. Futures in New York slid 0.3 percent after closing at the highest since February 5 as crude exports from a key Libyan terminal were disrupted. The focus now shifts to US stockpiles, which are forecast to have risen last week. ...

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Heavy security shackles China’s flagship deep sea port in Pakistan

Bloomberg For the thousands of attendees it was meant to be a conference to showcase China’s flagship Belt and Road project in Pakistan—the port in southwestern Gwadar that gives Beijing access to the Arabian sea. In the evenings the almost 8,000 delegates were wowed with cultural shows and a firework display at the newly opened five-story Gwadar Exhibition Center which ...

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HNA sets up funds for $3.2 billion ‘One Belt, One Road’ investment

Bloomberg A unit of HNA Group Co. will lead two funds that will invest 20 billion yuan ($3.2 billion) in China’s “One Belt, One Road” initiative as the conglomerate shows its support for the government campaign. HNA Capital Group Co., which owns aircraft leasing firm Bohai Capital Holding Co. and online financial platform Jubaohui, will back infrastructure and financial services ...

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