Bloomberg Irving Oil Corp.’s refinery in New Brunswick, a major supplier of fuel to the northeastern US, was shut after an explosion and fire in a diesel unit. The hydrotreater, which removes sulfur from diesel to make fuel that meets environmental standards, was in the part of the refinery that was still running, while other units were shut for maintenance ...

Bloomberg China has turned half a trillion dollars of central bank money into bricks and mortar, and there’s more to come. That transformation can be best seen in Heze, a ‘small’ city of about nine million in the province of Shandong. There, local authorities have ripped down more than a quarter of a million older houses since 2015, some of ...

Bloomberg Prime Minister Narendra Modi’s government is considering tapping Non Resident Indians (NRIs) to lure foreign exchange (forex) flows and prop up a sagging rupee, according to people with knowledge of the matter. Officials from the finance ministry and the Reserve Bank of India (RBI) are discussing a plan to raise money from NRIs, the people said asking not to ...