Bloomberg India, the largest importer of Chinese solar equipment, proposed a 70 percent safeguard duty on cells and modules shipped from China and Malaysia, citing “threat of serious injury” to the domestic industry. Acting on an application by five local cell and module makers, the Directorate General of Safeguards, Customs and Central Excise made the proposal in a document dated ...

Bloomberg Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale. JPMorgan Chase & Co., HSBC Holdings Plc and Morgan Sta- nley, which have ...

Bloomberg Oil steadied near $62 a barrel on estimates that US crude stockpiles declined for an eighth week as the rebalancing of global markets continues. Futures added as much as 1.3 percent in New York to the highest intraday level in almost three years. US inventories probably fell by 3.75 million barrels last week, according to a Bloomberg survey before ...

Bloomberg OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers that shuttle fuel between continents. The ships’ average earnings plunged last year by more than half to levels not seen since 2009 and far below what shipping analysts had been predicting. Now, the producer ...

TUNIS / Reuters Libya’s National Oil Corp (NOC) said it had won two international arbitration cases over the 220,000 bpd-capacity Ras Lanuf refinery, and called for the refinery to restart as soon as possible. The NOC said in a statement that the arbitration cases, which date to 2013, had been settled in its favour at the International Chamber of Commerce ...

Bloomberg UK Prime Minister Theresa May’s attempt to give her government a 2018 reboot was marred by a chaotic cabinet reshuffle as senior ministers refused to follow her orders. It’s a development that bodes ill for her ability to successfully navigate the next, even trickier stage of Brexit talks. May’s office flagged the events as “a refresh” of her top ...

AMMAN / Reuters Jordan said it had foiled an IS plot that included plans for a series of attacks last November on security installations, shopping malls and moderate religious figures, state media reported. State news agency Petra said the country’s intelligence department had arrested 17 members of a cell and confiscated weapons and explosives that the militant group had planned ...

TUNIS / Reuters One person was killed during clashes between security forces and protesters in a Tunisian town, the government said, as demonstrations over rising prices and tax increases spread in the North African country. A man was killed during a protest against government austerity measures in Tebourba, 40 km (25 miles) west of Tunis, the interior ministry said in ...

Bloomberg North Korea said it would send a high-level delegation to the Winter Olympics in South Korea next month while expressing a desire to resolve issues on the divided peninsula through dialogue and negotiations. Kim Jong Un’s regime plans to send officials, athletes, a cheering squad, art performers, observers, martial artists and reporters to the Games, South Korea Vice Unification ...

BEIJING / Reuters Lashing winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea and to extinguish a fire that has burned for the past three days on the ship. The poor conditions, with strong winds, rain and waves as high as 3 ...