Bloomberg India has been ordered to return over $1.2 billion to Cairn Energy Plc after Prime Minister Narendra Modi’s administration lost arbitration proceedings in a tax dispute, its second defeat since September over such levies. An international arbitration tribunal ruled that India’s tax claim was not valid and asked the government to repay the funds, along with interest, to Cairn. …

Bloomberg China’s pipeline network behemoth inked a $6.3 billion asset purchase in the latest step to bolster the nation’s energy security and break down market barriers. Kunlun shares surged on the news. Kunlun Energy will sell a 60% stake in a Beijing natural gas pipeline and a 75% stake in its Dalian LNG company for 40.9 billion yuan to the …

Bloomberg Boeing Co extended its sales streak of 737 Max jets as Alaska Air Group Inc boosted an order agreement to 68 jets and announced plans to return to a mainline fleet with a single aircraft type. The airline will stop flying 20 of its Airbus SE A320-family planes immediately, prompting a one-time charge of as much as $250 million …