Bloomberg The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude — marking the first approval of an oil production facility in federal Arctic waters. The Interior Department’s conditional approval — subject to seasonal restrictions and other required permits — represents a ...

Bloomberg Adani Enterprises Ltd., best known in Australia for its stalled Carmichael coal project, is nearing completion of a solar power farm in the Bowen Basin in Queensland, a region closely associated with coal mining. Commissioning of the first phase of the Rugby Run solar project will begin in December and power will be delivered from early next year, Adani ...

Bloomberg China and Japan capped a restoration of ties with agreements on everything from currency swaps to ocean rescue, a thaw that comes as President Donald Trump seeks better trade terms with both nations. Shinzo Abe became the first Japanese prime minister to pay an official visit to China in seven years, as Asia’s two largest economies sought to play ...

Bloomberg Assets are piling up at managers based in Singapore, where they rose 19 percent last year, faster than the global rate and the nation’s own historical average, according to its financial regulator. Managers in Singapore handled S$3.3 trillion ($2.4 trillion) in 2017, with drivers coming from traditional assets as well as those from private equity, hedge funds and others, ...

Bloomberg Earnings for Malaysian companies will show growth, thanks to the tax-free period that firms enjoyed after the newly elected government replaced the goods and services levy with one on sales and services. The season, which began with results from Public Bank Bhd. is expected to benefit from higher spending as taxes were dropped for most of the September quarter, ...

Bloomberg Lured by the sharp slump in rupee against the dollar, Indians living overseas may boost remittances to a record, helping bolster the nation’s efforts to support Asia’s worst-performing major currency. The country is expected to receive remittances of about $76 billion in 2018, 10 percent more than in the previous year, according to estimates by EbixCash, the financial exchange ...

Bloomberg Weaker-than-expected growth in South Korea’s economy is raising fresh questions about whether the Bank of Korea will get its long-awaited interest rate hike next month. While stronger net exports helped sustain expansion, a second-straight quarterly decline in corporate capital investment and a sharp drop in hiring are evidence that the economy is losing steam. Gross domestic product expanded 0.6 ...

Bloomberg Brands spend hundreds of millions of dollars each year trying to figure out what consumers want. Now Alibaba is offering to help by vacuuming data up from the legions of people shopping, searching and sharing on its various platforms and providing it to companies eager to create products that will resonate with Chinese consumers. In recent months, Alibaba has ...

Bloomberg Qualcomm Inc. is trying to steer a big chuck of its billion-dollar dispute with Apple Inc. over the use of fundamental technology for mobile phones away from what it sees as a sideshow over patents. At a hearing, Qualcomm asked a federal judge in San Diego to throw out as moot all claims by Apple related to nine “handpicked” ...

Bloomberg The US, Canada and Mexico remain at odds over metals tariffs, with Donald Trump’s envoy to Canada saying the president is reviewing them. Trump’s ambassador, Kelly Craft, argued the levies on steel and aluminum imports were designed to prevent overseas metal from entering America via its neighbors. “That is not something that is against Canada,” Craft said at an ...