Bloomberg BP Plc and state-owned Oman Oil Co. agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of $16 billion for the entire project. Block 61 will add 1,000 square kilometers to the original 2,700 square kilometer area of development, BP said Sunday. The …

When central banks start exploring strange new worlds, the results aren’t always ideal. Quantitative easing wasn’t just a change in monetary policy, but a whole new kind of monetary policy — a journey into the unknown. It isn’t over yet, but there’s already a debate about drawbacks and unintended consequences. With that question far from resolved, another adventure in super-loose …

India’s premier security think tank, the Institute for Strategic and Defence Analysis (IDSA), just held its first major international conference on cyber security. Its focus on Asian and international perspectives has delivered distinctly Un-American perspectives on security in cyber space. The three-day meeting coincided with the release by President Obama on February 9 of a bold new initiative, the Cyber …