Bloomberg Rodrigo Duterte’s popularity fell last month by the most since he became Philippine president in June 2016 after minors were killed in his deadly drug war and allegations surfaced of hidden wealth. Duterte’s net satisfaction rating fell 18 percentage points to 48 percent, according to a Social Weather Stations survey of 1,500 adults from Sept. 23 to 27. His ...

Bloomberg Talks to form New Zealand’s next government have begun in earnest after final election results showed both main parties could form viable coalitions. The ruling National Party and Labour opposition started separate negotiations on Sunday in Wellington with the nationalist New Zealand First Party, whose support both require to reach a majority in parliament. New Zealand First leader Winston ...

Bloomberg The Trump administration will formally propose repealing former President Barack Obama’s sweeping plan for curbing greenhouse gas emissions from power plants by arguing it went beyond the bounds of federal law, according to documents obtained by Bloomberg News. The Environmental Protection Agency (EPA) will not prescribe an immediate replacement to the plan, and instead will soon ask the public ...

Bloomberg National Agricultural Development Co., (NADEC) the Saudi dairy producer part owned by the kingdom’s sovereign wealth fund, plans to start talks with Danone SA’s venture in the country for a potential combination. Shareholders of the privately-held Al Safi Danone will own 38.75 percent of National Agricultural Development Co. at the completion of the proposed transaction, according to a statement ...

Bloomberg Even for commodities deal king Ivan Glasenberg, it’s been a busy week. Glencore Plc announced two acquisitions potentially worth as much as $2 billion within days of each other. One to capture a stake in Chevron Corp.’s oil refining and fuel service stations in South Africa and Botswana, the other to take a bigger stake in Latin America’s top ...

Tokyo / Emirates Business The cost of battery storage for stationary applications could fall by up to 66 percent by 2030, according to a new report published by the International Renewable Energy Agency (IRENA). The falling price of batteries could stimulate 17-fold growth of installed battery storage, opening up a number of new commercial and economic opportunities, the report highlights. ...

Bloomberg Not every oilman is gaining from the US shale boom. Just ask Joe Warren. Warren, a partner at Brown & Borelli Inc., is caught in a historical hiccup, of sorts. More than a third of the 65 to 70 old-line vertical wells his company operates in Oklahoma are negatively affected by horizontal drilling, he says. The new-style wells can ...

Bloomberg A bungled transition from coal to clean energy has left resource-rich Australia with an unwanted crown: the highest power prices in the world. New Yorkers pay half as much as Sydneysiders to keep the lights on, despite Australia boasting among the world’s largest coal and natural gas reserves, as well as ideal conditions for clean power generation. A decade ...

Bloomberg Sydneysiders are cashing out of their million-dollar homes in favour of cheaper houses in the tropical north, says Macquarie Bank Ltd. The emerging exodus is part of Australia’s latest wave of interstate migration to Queensland, where house prices are half Sydney’s and job creation is on the rise. When similar factors were at play in the mid-1980s and mid-2000s, ...

Bloomberg Chocolate lovers in Asia are taking a big bite out of the global cocoa glut. From India to China, where demand is growing faster than in major markets like Europe or the US, consumers are eating more chocolate. At the same time, big growers in West Africa are harvesting smaller crops. Top processors Cargill Inc. and Barry Callebaut AG ...