Bloomberg Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects. Discoveries of new reserves were the fewest on record and replaced just 11 percent of what was produced, according to a Dec. 21 report by consultant Rystad Energy. While …

Bloomberg Hyundai Heavy Industries Co., the world’s second-biggest shipbuilder, fell by a record following its plan to raise about $1.2 billion selling new shares for working capital. Hyundai Heavy intends to sell 12.5 million new shares before the end of March at an estimated price of 103,000 won each, a discount of about 24 percent to the closing level. The …

Bloomberg Prosecutors asked a South Korean court to extend the prison term for Samsung Electronics heir-apparent Lee Jae-yong to 12 years, in an appeal of his five-year sentence for allegedly bribing his way to greater control of the country’s biggest company. Lee, 49, is the highest-profile business figure to be embroiled in an influence-peddling scandal that led to the ouster …