Bloomberg Laden with 400,000 barrels of Venezuelan oil, the Icaro sits in the azure waters of the Caribbean just off the Dutch island of Curacao. It’s been there more than a month, and it’s not going anywhere until state-owned oil company PDVSA pays its bills. The Icaro has become an unlikely but telling symbol of Venezuela’s woes. And it shows ...

Bloomberg Adani Gas Ltd surged the most in nearly two months after India’s top court nullified orders restricting its network expansion. Shares jumped as much as 6.8 percent to 94.55 rupees, the biggest intraday gain since December 5, before paring its advance to 3.4 percent in Mumbai. The benchmark NSE Nifty 50 index was little changed. A two-judge Supreme Court ...

Bloomberg Apple Inc.’s main assemblers are shifting more output to India and Southeast Asia as trade tensions threaten to escalate costs in their longstanding production base of China. Hon Hai Precision Industry Co, known also as Foxconn, said over the weekend it’s investing more than $200 million in India and Vietnam. Smaller rival Pegatron Corp. said it’s moved to Indonesia ...

Bloomberg Sugar millers in India are urging the government to increase the benchmark price of the commodity to help them pay off about $2.7 billion they owe to farmers, according to a person familiar with the matter. The Indian Sugar Mills Association sent a letter to the government asking for the minimum selling price to be raised to 35-36 rupees ...

Bloomberg Allianz Malaysia Bhd has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co, people with knowledge of the matter said. AmGeneral Insurance Bhd’s owners have decided to enter detailed discussions with Allianz on a potential deal, according to the people, who asked not to be identified because ...

Bloomberg Indonesia will seek to sustain the growth in domestic consumption and boost government spending in a bid to shield itself from a spillover of slowing economic growth in China, according to Finance Minister Sri Mulyani Indrawati. The success in maintaining people’s purchasing power and consumption, which accounts for more than 55 percent of Indonesia’s gross domestic product, will determine ...

Bloomberg Investors locked into holding newly-listed Hong Kong stocks could only watch as last year’s bear market ate away at their returns. The shackles will soon be off. Xiaomi Corp saw a wave of selling after its lockup period — when key investors are banned from selling stock — ended three weeks ago. Similar restriction terms are due to end ...

Bloomberg The Trump administration will press China to prove it can keep promises in talks this week aimed at ending the trade war, Treasury Secretary Steven Mnuchin said, as the US ratcheted up legal pressure on one of the biggest examples of Chinese technological might. In a sign of the importance the White House is placing on the talks, President ...

Bloomberg Europe warned the world’s biggest tech and advertising companies that they need to intensify efforts to combat disinformation on their platforms ahead of European elections, or face regulation. The European Commission, the bloc’s executive body, acknowledged that companies such as Alphabet Inc’s Google, Twitter Inc and Facebook Inc, had made “some progress”, in particular with removing fake accounts and ...

Bloomberg T-Mobile US Inc Chief Executive Officer John Legere and Sprint Corp Chairman Marcelo Claure agreed to testify about their planned $26.5 billion merger before a Democratic-controlled House panel that is expected to bring tougher scrutiny to the consolidation of telecom giants. The hearing, scheduled for February 13, gives Representative David Cicilline of Rhode Island, the chairman of the House ...