Bloomberg Gasoline surged to the highest in two years and oil declined as flooding from Tropical Storm Harvey inundated refining centers along the Texas coast, shutting more than 10 percent of US fuel-making capacity. Motor fuel prices rose as much as 6.8 percent, while New York oil futures slipped 0.9 percent. Harvey, the strongest storm to hit the US since ...

Bloomberg An Australian company is introducing its own version of bitcoin that will let homeowners and businesses sell excess energy generated from their rooftop solar panels to neighbors, without a middleman taking a cut. As of Monday, Perth-based Power Ledger had sold about 57 percent of the 100 million so-called “power tokens” offered at 8.8 US cents a piece since ...

ISTANBUL / ANKARA / Reuters Saudi Telecom Company is in the lead to buy the 55 percent of fixed-line operator Turk Telekom owned by Oger Telecom, sources said, adding that the Turkish government could acquire the $3.9 billion stake if those talks fail. The potential deal comes as Oger, Turk Telekom’s biggest shareholder, faces increasing pressure from creditor banks after ...