Bloomberg Massmart Holdings Ltd.’s lower dividend payout is yet another international headache for majority owner Walmart Inc. The South African retailer, controlled by the Bentonville, Arkansas-based global chain, cut its full-year dividend 40 percent, sending the shares as much as 6.7 percent lower. Walmart, which bought a majority stake in Johannesburg-based Massmart in June 2011 for 16.5 billion rand ($1.2 …

Bloomberg Russia’s oil producers cut their output deeper in February as the nation strives to implement an agreement with Opec following criticism that it was moving too slowly. The country produced 43.3 million tons of oil last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s equivalent to 11.336 million barrels a day, down 82,000 barrels per …

Bloomberg India has drawn global attention since it started awarding wind power projects at record-low tariffs, spurring optimism that renewable energy could supplant the nation’s abundant coal resources in electricity generation. But about half of the more than one gigawatt of capacity awarded in the country’s first auctions in 2017 are incomplete, almost five months after their commissioning deadline, according …

Bloomberg It’s hard to blame China’s biggest tech companies for being just a little envious of Bilibili Inc. The purveyor of animated videos, comics and mobile games like Sony Corp.’s Fate/Grand Order has an eye-watering 93 million monthly active users whose average age is 21. Bililbili’s American depositary receipts have surged 73 percent since its initial public offering in March …

Bloomberg Technology companies like Huawei Technologies Co. and Samsung Electronics Co. think the way to take on a stagnating smartphone market is to build devices that fold in half. Nokia has a different idea — make a phone with five cameras on the back. HMD Global Oy, which produces consumer products under the Nokia name, showed off the Nokia 9 …

Bloomberg Scientists in Dubai are developing crops like quinoa that can thrive in the salty soils intruding into the world’s croplands. Winning over enough people to eat them is proving a greater challenge. At an experimental farm within sight of the world’s tallest skyscraper, researchers at the International Center for Biosaline Agriculture (ICBA) are trying to help farmers in the …

BARCELONA / Emirates Business At MWC Barcelona 2019, Huawei Consumer Business Group (BG) received an award from the event organiser GSMA. The Huawei Mate 20 Pro was named the “Best Smartphone” in recognition of its powerful performance, outstanding camera system, long battery life, innovative charging solutions and striking design. This coveted accolade serves as a testament to Huawei’s leading technologies …

Bloomberg Barclays Plc has emerged as the go-to bank for the world’s largest meat supplier after scandals at the company pushed Wall Street to the sidelines. JBS SA and its subsidiaries have sold at least four overseas bond deals totaling $2.75 billion since 2017, when the Brazilian powerhouse’s owners became embroiled in allegations of corruption. Barclays underwrote all of them. …

Bloomberg Wells Fargo & Co. boosted an estimate for potential legal losses by $500 million while disclosing that it’s in early talks to resolve another round of probes into sales abuses at its branches. The company said it might have to spend as much as $2.7 billion more than what it set aside by the end of December to resolve …

Bloomberg Mitsubishi UFJ Financial Group Inc. agreed to buy DZ Bank’s aviation finance division in one of its biggest acquisitions since it was created in 2005. The assets MUFG bought from Germany’s second-largest bank, held by its subsidiary DVB Bank, include a loan portfolio of 5.6 billion euros ($6.4 billion) as well as the unit’s employees and “parts of the …