Bloomberg Britain’s budget deficit narrowed in December as tax revenue jumped, putting Chancellor of the Exchequer Philip Hammond on course to meet his new fiscal forecasts. Net borrowing was 6.9 billion pounds compared with 7.2 billion pounds a year earlier, the Office for National Statistics on Tuesday. It left the shortfall in the first nine months of 2016-17 at ...

  Bloomberg Gazprom PJSC, the world’s biggest natural gas producer, is considering asset sales, freezing dividends and increasing its borrowing as export earnings wane, according to its three-year budget. The state-controlled company aims to raise 350 billion rubles (around $6 billion) from asset sales this year, while borrowing may climb to 288 billion rubles and more than double from that ...

  Bloomberg Asia’s oil refineries are turning to the North Sea for crude supplies like never before as their primary suppliers restrict output in an effort to eliminate a glut. Crude exports to Asia from the North Sea are poised to reach a record 12 million barrels in January, data compiled by Bloomberg show. Tankers hauling 9 million barrels from ...