BLOOMBERG WHP Global, the owner of the Toys ‘R’ Us and Express retail brands, has secured $375 million in growth capital from private equity giant Ares Management Corp. The transaction values the company at $1.6 billion, according to a statement reviewed by Bloomberg News. The investment will add significant cash to the retail operator’s balance sheet and spur its “next ...

BLOOMBERG A US probe into the 13,000-barrel oil spill on TC Energy’s Keystone pipeline is expected to cut into crude flows ahead of the summer driving season. Regulators ordered the company to reduce operating pressure along the entire Keystone system stretching from Hardisty, Canada, to Cushing, Oklahoma until further notice. The new restrictions will likely force the pipeline to curb ...

BLOOMBERG Vietnam is looking to purchase the country’s first liquefied natural gas shipment, the latest emerging nation to rekindle interest in the super-chilled fuel after a drop in prices. PetroVietnam Gas JSC is in discussions with suppliers about procuring an LNG shipment for this summer to the Thi Vai terminal, according to traders with knowledge of the matter. PV Gas, ...