Bloomberg Petroleos Mexicanos announced its biggest onshore discovery in 15 years, just three months after Mexico reported the first major find by private companies, bolstering the nation’s efforts to revive its oil industry. The Ixachi-1 well that lies 72 kilometers (45 miles) south of the port of Veracruz is believed to contain 1.5 billion barrels of oil in place, or ...

Bloomberg Tesla Inc. is installing far less solar power than its SolarCity unit did as an independent company. Tesla installed 109 megawatts of energy-generation systems in the third quarter, according to a statement Wednesday from the Palo Alto, California-based company. That’s down from the 187 megawatts of panels that SolarCity deployed in the same period last year, its final quarter ...

Bloomberg President Donald Trump personally lobbied Saudi King Salman to list the Saudi Arabian Oil Co. on the New York Stock Exchange during a phone call between the world leaders, according to a readout provided by the White House. The call, which came as the president flew from Honolulu to Tokyo, followed the president tweeting his hope that the listing ...

Bloomberg Lenovo Group Ltd. unveiled plans to take over Fujitsu Ltd.’s personal computer business for at least $157 million after posting its strongest revenue growth in two years amid signs the PC market is stabilising. China’s largest PC maker reported a 5 percent jump in revenue to $11.8 billion in the quarter ended in September, surpassing projections for $11.3 billion ...

Bloomberg SoftBank Group Corp.’s Vision Fund is in talks with Auto1 Group GmbH to invest in the German used-car portal, according to a person familiar with the matter. The Vision Fund is set to invest more than $116 million in Berlin-based Auto1 at a valuation greater than 2.5 billion euros, said the person, who declined to be named as the ...

Bloomberg Alibaba Group Holding Ltd. raised its outlook for full-year revenue growth after reporting sales that beat analysts’ estimates, buoyed by advertisers who spent more to lure shoppers. China’s biggest e-commerce company is now predicting a 49 to 53 percent rise in revenue in the current fiscal year, after acquiring and folding in results from its logistics arm Cainiao. It ...

Bloomberg Hindalco Industries Ltd., controlled by Indian billionaire Kumar Mangalam Birla, reported a drop in second-quarter profit, missing analysts’ estimates, after a one-time loss partly eroded the benefits of a surge in global metals prices. Net income was 3.93 billion rupees ($60 million) in the three months to September 30, from 4.4 billion rupees a year earlier, India’s biggest aluminum ...

Bloomberg SoftBank Group Corp.’s talks to merge US unit Sprint Corp. with T-Mobile US Inc. ended after months of negotiations, dashing investors’ hopes for a wireless megamerger and signalling that unlimited data plans and heavy price discounting among US carriers will continue. SoftBank Chief Executive Officer Masayoshi Son and Tim Hoettges, CEO of T-Mobile parent Deutsche Telekom AG, couldn’t resolve ...

Bloomberg Waymo’s bid to recover $1.86 billion in a trade secrets case against Uber Technologies is in jeopardy as a federal judge cut the company’s damages expert from the case, one month before a trial over driverless technology.The decision leaves the Alphabet Inc. unit without an outside source to justify why it deserves that startling amount in an industry that ...

Bloomberg UK business called for an end to the “soap opera” of Brexit and a return to the spirit of national unity last seen in World War II as it pushed for certainty on Britain’s future relationship with the European Union. Confederation of British Industry President Paul Drechsler will appeal for a “single, clear strategy” in an address on Monday ...