Bloomberg Swatch Group AG reported an increase in profit for the first time in four years as Switzerland’s largest watchmaker boosted its share in the intensely competitive low-end timepiece market thanks to growth at Tissot and its namesake plastic brand. Swatch said it has had a “massive gain” in market share in the basic and midrange segments. The company sells ...

Bloomberg Amazon.com Inc.’s foray into health care won’t be the first time it has disrupted an entire industry by starting with an effort inside the company. Amazon Chief Executive Officer Jeff Bezos is teaming up with fellow billionaires Warren Buffett and Jamie Dimon to revamp health care for the 2.4 million workers and dependents of the companies they run. The ...

Bloomberg Oil’s sinking back down to earth. Euphoria that’s driven the longest monthly rising streak in almost seven years is giving way to concern that US stockpiles will rebound as the rally encourages American drillers. That’s sparked a 3.1 percent drop in New York futures this week, marring crude’s best January since 2013. The sour sentiment is bleeding into equities, ...

Bloomberg OPEC-led production cuts will last for the rest of the year, and an early termination in June would be a surprise to the market, the International Energy Agency’s markets division head said. The oil market will move from surplus into a small deficit after the first quarter but it will be fairly balanced overall this year, the IEA’s Neil ...

Bloomberg OPEC’s second-biggest producer is relinquishing some control over its prized oil in exchange for better prices. In a rare move, Iraq is allowing buyers to load its crude without saying where the cargo will finally end up. They will only have to let the Middle East producer know about the destination two weeks after the shipment’s bill of lading, ...

Bloomberg Ethiopia’s fast-growing economy has Asian investors lining up to build a new $4 billion oil refinery, even as a Blackstone Group LP-backed fuel pipeline project is shelved. The proposed 120,000 barrels-a-day plant has generated interest from Japanese, South Korean and Indian investors, said Zemedeneh Negatu, chairman of US-based Fairfax Africa Fund. The refinery in Awash, east of the capital ...

Bloomberg Norway’s vast resources of Europe’s cheapest and greenest electricity has helped its energy-intensive industry gain an edge and produce everything from aluminum to chemicals and tankers. But now the nation’s powerful unions are objecting to plans by grid managers and utilities to get in on the act by spending more than $6 billion on cables to profit from selling ...

Riyadh / Reuters Saudi Aramco, the state oil company of Saudi Arabia, is considering entering India as part of its Asian expansion, Nikkei said, citing Aramco’s CEO who said that plans for an Indian refinery are crystallising. “Saudi Aramco is looking at additional investments in China, and India is also a very important destination which we are giving great consideration, ...

Bloomberg Fujifilm Holdings Corp. is gaining control of Xerox Corp. in a deal that would create an $18 billion company and see the iconic American corporate giant launching into new lines of business to seek global growth. The deal would combine Xerox, which has a market value of $8.3 billion, with a joint venture the company operates with Fujifilm, according ...

Bloomberg A deepening slump in US motorcycle demand is spurring more job cuts and a plant closure at Harley-Davidson Inc., a company President Donald Trump has cast as a model American manufacturer. The Milwaukee-based motorcycle maker will close its factory in Kansas City, Missouri, and consolidate production in York, Pennsylvania, according to a statement. The restructuring will eliminate about 260 ...