Bloomberg Liquefied natural gas buyers in China are seeking to swap their US shipments for cargoes from other nations after Beijing pledged to raise tariffs amid a deepening trade dispute, according to traders with knowledge of the situation. Some Chinese LNG buyers have approached suppliers about trading the US cargoes, which they’ve already committed to buy, for shipments from non-tariff ...

Bloomberg QEP Resources Inc has attracted takeover interest from private equity giant Blackstone Group LP, as well as drillers Whiting Petroleum Corp and Callon Petroleum Co, according to people familiar with the matter. The Denver-based natural gas and oil explorer and producer said in February that it would explore a sale after activist investor Elliott Management Corp. made a $2 ...

Bloomberg Big oil is shifting, ever so slightly, towards the electric car business. Chevron Corp. is offering electric car charging ports at a handful of gasoline stations in its home state of California, according to a statement. The fast-charging spots, located at five stations in the Los Angeles and San Francisco Bay areas, are being installed by EVgo, which has ...

Bloomberg Xcel Energy Inc plans to shutter its last two coal-fired power plants in the Upper Midwest a decade ahead of schedule as part of a pledge to phase out carbon-dioxide emissions. The Minneapolis-based company expects to close the Allen S. King power plant in 2028 and its Sherco 3 facility in 2030, according to a statement. Both plants are ...

Bloomberg President Donald Trump said the US is making “great progress” in trade negotiations with Japan even though a deal could come only after the latter’s elections in July. “Agriculture and beef heavily in play” in the talks, Trump tweeted after spending about 2 1/2 hours golfing with Japanese Prime Minister Shinzo Abe. “Much will wait until after their July ...

Bloomberg Shares of Fraser and Neave Ltd got a jolt of caffeine after the company, controlled by Thailand’s richest man, announced plans to enter the Thai coffee market. F&N, better known for its 100Plus isotonic sports drink, jumped the most in 10 months after saying its joint venture unit would buy out Starbucks Corp’s operations in Thailand. The deal — ...

Bloomberg China called the US export ban on Huawei Technologies Co a rough disruption to the chip-making market and vowed to further open its industrial sector for foreign investment. “The US has roughly interfered in the integrated circuit sector’s global market order with a groundless accusation,” Wang Zhijun, vice head of the Ministry of Industry and Information Technology, said in ...

Bloomberg A new model of bullet train set to enter service ahead of the Tokyo Olympics hit a record speed of 360 kilometres (224 miles) per hour in a test run, operator JR Central said. The N700s — the suffix stands for ‘supreme’ — is the first new model of bullet train on Japan’s busiest line for almost a decade. ...

Bloomberg The US escalation of trade tensions won’t solve any of its problems but will create volatility in global markets and hurt the world economy, according to China’s top financial regulator. Higher US tariffs will have a “very limited” impact on China’s economy even if it raises levies to the maximum level, and would hurt the US about as much, ...

Bloomberg India’s debt-ridden Anil Ambani group will exit the asset management business by selling shares in its joint venture to Japanese partner Nippon Life Insurance Co, which will take a controlling stake in India’s fifth-biggest mutual fund. Ambani’s Reliance Capital Ltd signed a binding definitive agreement to sell 32.12 percent of Reliance Nippon Life Asset Management Ltd for $649 million ...