Bloomberg Nigeria LNG Ltd., the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion. The company is discussing with the country’s top-10 lenders including Guaranty Trust Bank Plc and Zenith Bank Plc, to raise as much as $2 billion, and with foreign lenders and export-credit agencies for the balance, Chief Executive ...

Bloomberg India is considering a plan to sell the nation’s second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in Bharat Petroleum Corp., people with knowledge of the matter said. The government is keen to lure multinational companies in the domestic fuel retailing to boost competition and shake ...

Bloomberg Exports of sanction-hit Venezuelan oil now face a new concern: a shortage of vessels willing to transport crude produced by the regime of President Nicolas Maduro. Shipowners are avoiding transporting Venezuelan oil for fear of being sanctioned and losing insurance coverage on their vessels, according to people with knowledge of the situation. The lack of vessels may take a ...

Bloomberg Global health regulators sounded a coordinated alarm about the possibility that a stomach drug taken by millions of people could be tainted with the same cancer-causing agent that has sparked a worldwide recall of blood-pressure pills. Drug-safety officials in the US and Europe said that they were looking into whether Sanofi heartburn medication Zantac and generic versions made by ...

Bloomberg Apple Inc shares rose for a fourth straight session, with the iPhone maker hitting its highest level since October as investors continued to feel bullish about the company’s recent product event. Shares gained as much as 1.3 percent on the day and have risen nearly 17 percent off a low hit in August. The rally puts the company less ...

Bloomberg A jury has awarded three plaintiffs injured in a 2017 Amtrak derailment outside DuPont, Washington a total of $16.75 million in damages, Luvera Law Firm said in a statement. The plaintiffs, Dale Skyllingstad, Blaine Wilmotte and Madison Wilmotte, are the first group of victims to take the railway carrier to trial for the incident that killed three men and ...

Bloomberg The storm system that’s rained on the Bahamas for two days, slowing the recovery from Hurricane Dorian, is set to become Tropical Storm Humberto when it scrapes by Florida and veers sharply out to sea. Parts of Florida remain on a tropical storm watch and will probably get heavy rain in any case. The system has sustained winds of ...

Bloomberg The French government boosted its budget-deficit forecast, amid global economic headwinds and a drag on finances from President Emmanuel Macron’s stimulus in response to the Yellow Vest protests. The finance ministry cut the 2020 growth forecast to 1.3 percent from 1.4 percent previously and raised its budget deficit target to 2.2 percent of economic output from the 2.1 percent ...

Bloomberg Polish employer groups are voicing alarm over government plans to nearly double the minimum wage and hike social security fees, saying that businesses and the wider economy will face major risks from fast-rising costs. Seeking to further boost its poll-leading standings ahead of next month’s general election, Poland’s ruling party has pledged to raise the minimum wage by 78 ...

Bloomberg Taiwan has signalled to US officials that it will move swiftly to complete the purchase of 66 new F-16 fighters once congressional foreign relations committees complete their review this month, according to a State Department official. The department formally notified Congress on August 20 that it approved the sale, which includes munitions, defensive electronics and a top-of-the line fire-control ...