Bloomberg Sinopec, China’s top oil refiner, won approval from the country’s cabinet for a long-awaited initial public offering of the retail unit that runs its vast chain of gas stations and convenience stores, people with knowledge of the matter said. The green light from the State Council clears the final Chinese regulatory hurdle for the deal and means the IPO …

Bloomberg Royal Dutch Shell Plc is seeking buyers for an Ontario refinery and some sour gas facilities in Alberta as the company focuses on its $31 billion liquefied natural gas project in British Columbia. “These assets have been a cornerstone of Shell Canada for many years, however, they are no longer a fit with Shell’s evolving portfolio,” the company said …

Bloomberg US stocks declined as weak Chinese trade data spurred concerns about slowing global growth. Treasuries rose and the dollar edged lower. The S&P 500 fell after rising for a third straight week, led by technology shares after slumping Chinese exports fuelled concerns about the growing impact of the US-China trade war on global growth. PG&E plunged after the utility …