Bloomberg Saudi Arabia’s National Industrialization Co., known as Tasnee, agreed terms with lenders to refinance around 6 billion riyals ($1.6 billion) of debt at its titanium unit after a slump in commodity prices, according to people with knowledge of the matter. The new debt will have a duration of three years — with the option to extend to five ...

  Bloomberg Dealmaking in Australia’s office market has plunged by the most since the global financial crisis as owners hang on to assets that are among the highest-yielding in the region. Commercial property transactions in Australia fell 57 percent to $7.5 billion in the six months ended June 30 from a year earlier, according to Real Capital Analytics, Inc. That’s ...

  Bloomberg China’s soybean imports are likely to rebound in the fourth quarter as seasonal demand rises and processors in the world’s biggest buyer look to replenish supplies after lower-than-expected sales from state stockpiles, according to industry analysts. Sales from state reserves have totaled just 1.1 million metric tons, compared with expectations for 3 million to 4 million tons, said ...

  Bloomberg India is urging its power producers to look overseas for new markets as fewer new plants are needed at home amid surplus generation capacity. The Indian government is encouraging state-run power producers to build plants overseas, Coal and Power Minister Piyush Goyal said in an interview Saturday. The country is projected to report surplus power supply for the ...

  Bloomberg India’s fastest-growing fuel seller will spend $8 billion over the next five years to help its 60-year-old refineries earn profit margins closer to modern processors such as billionaire Mukesh Ambani’s Reliance Industries Ltd. “You can definitely expect $2 to $3 addition to the refining margin,” Mukesh Kumar Surana, chairman and managing director at Hindustan Petroleum Corp., said in ...

  Bloomberg Cracks are starting to show in China’s labour market as struggling industrial firms leave millions of workers in flux. While official jobless numbers haven’t budged, the underemployment rate has jumped to more than 5 percent from near zero in 2010, according to Bai Peiwei, an economics professor at Xiamen University. Bai estimates the rate may be 10 percent ...

  Dubai / Emirates Business As the world’s leading trade show for consumer electronics, IFA 2016 will be a platform for forward-looking technology brands to showcase their innovations from September 2 to 7. Ahead of the much sought-after show by technology tastemakers and influencers, LG sheds light on the various consumer trends that will be reflected at the show. While ...

  Bloomberg Apple Inc. invited journalists to an event in San Francisco on Sept. 7 where the world’s most valuable public company is expected to roll out a series of product upgrades. The invitation showed out-of-focus multicolored lights against a black background. The company is expected to introduce next-generation versions of the iPhone and Apple Watch at the event. The ...

  Bloomberg EE, the mobile division of telecoms provider BT Group Plc, said it would offer free subscriptions to Apple’s streaming music product, Apple Music, to fend off rivals vying for customers in the U.K.’s crowded mobile marketplace. New EE post-paid contracts and renewals will come with six free months of Apple Music starting Sept. 1, Marc Allera, EE’s CEO, ...

  San Francisco / AFP Google executive David Drummond left the Uber board of directors as competition revs up between the companies over self-driving cars. “I recently stepped down from Uber’s board given the overlap between the two companies,” Google chief legal officer Drummond said in a statement. Drummond noted that Google remains an “enthusiastic investor” in the on-demand ride-sharing ...