Bloomberg The Gulf of Mexico is turning into a parking lot for Venezuelan crude, as the US sanctions on Petroleos de Venezuela SA essentially stop the flow of oil from the Latin America country. Tankers holding about 6 million barrels of Venezuelan oil are floating in the US Gulf Coast or heading there, according to data from cargo-tracking and intelligence ...

Bloomberg First, Indian tycoon Vijay Mallya faced losing his “palatial” London home, with UBS Group AG saying it wanted to foreclose. Then, a judge said he should be extradited to India. Now, banks are eyeing two superyachts and a collection of valuable cars that they believe he may own. A group of Indian banks — which are trying to collect ...

Bloomberg Central Group, which controls Thailand’s biggest shopping mall and department store operator, plans to invest $200 million in ride-hailing giant Grab, people familiar with the matter said. The deal seals a strategic partnership under which the conglomerate will help Grab expand its business in Thailand, said the people, who asked not to be named because the information is private. ...