Bloomberg India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp., according to a survey of analysts and industry participants. The federal government will increase the price to $3.2 per million British thermal units for April to September, almost 11 percent more …

Bloomberg Oil climbed to a two-week high as investors weighed record compliance to output curbs by OPEC and its allies against expanding US supplies and a broader selloff in risk assets. Futures in New York rose as much as 1.1 percent after dropping for the first time in four sessions. While US crude inventories are forecast to have grown by …

Bloomberg This is how the grocery industry lives now. Regional chains are filing for bankruptcy. European-born discounters are expanding, forcing competitors to keep their own prices low. And Kroger Co. and Walmart Inc., the two largest grocers in the US, are investing in technology and expanding delivery as they try to fend off an incursion by Amazon.com Inc. It’s a …

Bloomberg Pratt & Whitney will provide spare engines within 40 days to get all grounded Airbus SE A320neo aircraft at India’s IndiGo flying again, with the first delivery scheduled for Wednesday, people with direct knowledge of the matter said. The engine maker communicated its plan on Tuesday to the jet’s biggest customer, the people said, asking not to be identified …

Bloomberg Claire’s Stores, known for tween jewellery and ear piercing, has become the latest victim of the retail apocalypse. The company filed for bankruptcy on March 19 and said it reached an agreement with creditors including its private-equity backer, Apollo Global Management LLC, to restructure around $1.9 billion in debt. Its plan to survive rests on its reputation for trendy …

Emirates Business Airbus and Heathrow airport are celebrating the 10th anniversary of A380 operations at the airport. They began on March 18, 2008 with the arrival of the first A380, a Singapore Airlines flight SQ308 from Singapore Changi airport making Heathrow one of the first to welcome Airbus’ iconic double decker. Heathrow is now the world’s busiest A380 airport by …

LONDON / WAM UAE-based Petrofac, a leading service provider to the oil and gas production and processing industry, on Monday announced that it has signed a binding letter of intent, for a contract worth around $580 million (AED2.13 billion) with a GCC National Oil Company for the engineering, procurement and construction (EPC) of a major project. Specific details in relation …

Bloomberg Stocks declined globally on Monday amid a technology sell-off and as investors braced for a week packed with risk events, from central bank decisions to a G-20 gathering. Government bonds also fell, while the pound jumped on a Brexit breakthrough. US stock slumped as tech companies were roiled by weekend reports of a Facebook Inc. data breach and Apple …

Bloomberg A steady weakening in US equity futures snowballed into one of the biggest drops in a month for Nasdaq 100 contracts, as pre-market trading revealed losses of around 1.5 percent in Apple Inc., Facebook Inc., Alphabet and Amazon.com. Facebook was in the spotlight as government officials in the US and Europe were demanding answers from the company after reports …

Bloomberg Angela Merkel’s government is seeking to build a liquefied natural gas industry in Germany basically from scratch to reduce the nation’s dependence on supplies arriving by pipeline from Russia and Norway. With gas reservoirs depleting from the UK to the Netherlands, Germany is becoming increasingly reliant on Russia for its energy needs at a time when political tensions are …