Bloomberg Europe will build more terminals to import US liquefied natural gas, the head of the European Commission told US President Donald Trump during a meeting aimed at averting a transatlantic trade war. “They want very much to do that, and we have plenty of it,” Trump said, referring to the US shale boom, which has unleashed record supplies of ...

Bloomberg Saudi Basic Industries Corp, the Middle East’s biggest petrochemicals producer, posted an 81 percent increase in second-quarter profit on higher sales prices and volumes. Net income rose to 6.7 billion riyals ($1.8 billion) from 3.71 billion riyals a year ago, the company known as Sabic said in a statement. Revenue climbed 26 percent to 43.3 billion riyals. The company ...

Bloomberg Bloom Energy Corp, the Kleiner Perkins Caufield & Byers-backed maker of fuel-cell power systems, climbed on its first day of trading after pricing a rare alternative-energy IPO. The shares rose 47 percent to $22.10 in New York, giving the company a market value of about $2.34 billion. Bloom Energy sold 18 million shares for $15 apiece after marketing the ...