Bloomberg State Grid Corp of China is nearing an agreement to acquire a 49% stake in Oman’s state-owned transmission company in the first major privatisation by the Middle East’s largest non-OPEC oil producer, people with knowledge of the matter said. The Beijing-based company will acquire the stake in a deal that values Oman Electricity Transmission Co at about $2 billion, ...

When even Indonesia starts talking about relaxing deficit rules, you know government spending is back in vogue as a remedy for faltering economic growth. The country has more reason than most to be wary of backsliding on its commitment to budget discipline. Its deficit ceiling is an important piece of the economic and political architecture that emerged from the Asian ...

Is China about to embark on a fresh bout of stimulus? Some people in the metals market seem to think so. Prices of benchmark 62% iron ore in Singapore have been booming, jumping 5.3% on December 9 and closing more than 21% up on their level a month earlier. There seems to be real activity behind that movement: Rolling three-month ...