Bloomberg Shoppers Stop Ltd.’s shares surged as much as 20 percent after forging a deal with Amazon.com Inc. that will help the Indian retailer boost revenue and add 25 percent more stores. Shoppers Stop will raise $28 million selling a 5 percent stake to Amazon.Com NV Investment Holdings LLC, the Mumbai-based company said. It also agreed with Amazon’s local unit ...

Bloomberg Ayaak Deng’s first-ever flight let her skip over a hundred miles of bloodily contested South Sudan and visit family she hadn’t seen in a year. It’s the kind of trip that’s revitalising small airlines that initially struggled because of the almost four-year civil war. The airport in the capital, Juba, has recorded about 1,000 domestic passengers a day this ...

Bloomberg / Reuters Saudi Arabia will hold calls with fixed-income investors starting Monday as the world’s biggest oil exporter seeks to sell dollar bonds for the second time this year. The kingdom mandated Goldman Sachs Group Inc., GIB Capital, HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. as joint lead managers and bookrunners to organize ...

Bloomberg Statoil ASA is among producers involved in discussions with the Abu Dhabi National Oil Co. about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch. “All the major oil companies, including Statoil, are positioning themselves for a cooperation with ADNOC in the offshore segment,” Norway’s embassy in Abu Dhabi wrote in a message to the Foreign ...

SINGAPORE / Reuters Oil pricing agency Argus Media said on Monday it is seeking market feedback to publish prices for Iraq’s Basra Light and Basra Heavy crude oil grades for cargoes that do not have restrictions on the destinations to which they can be sold. Argus currently publishes prices for Basra Light and Heavy for cargoes that are restriction to ...

LONDON / Reuters Specialist renewable energy investor Quercus will invest over half a billion euros in a solar power project in Iran, with construction to start in the first half of 2018, the company’s chief executive told Reuters. The planned 600-megawatt (MW) plant, located in central Iran, will be the sixth largest globally, behind projects of up to 1.5 gigawatts ...

DUBAI / Reuters The Saudi stock index may rise as crude oil prices held near a six-month high, while other Gulf markets more susceptible to foreign flows may follow the downtrend in Asian shares. Brent was trading at $56.80 a barrel in Asia, staying near a March high struck on Friday. Petrochemical makers, that account for roughly one-quarter of Saudi ...

Bloomberg When the who’s who of the oil trading industry gathered in Singapore last year for the annual Asia Pacific Petroleum Conference (APPEC), the talk was about a painful year ahead. Of the dozen or so senior oil traders canvassed, all but one expected prices to be capped at about $50 a barrel. A year later, the sentiment has turned ...

Bloomberg Unilever agreed to buy a South Korean cosmetics maker for $2.7 billion to gain a stronger foothold in the world’s fourth-largest skincare market, betting that the pop-culture-fuelled appeal of the country’s beauty products will outweigh concerns over tensions. Unilever will buy Carver Korea, maker of AHC skincare products, from shareholders including Goldman Sachs Group Inc. and Bain Capital Private ...

Bloomberg Tata Motors Ltd., the owner of luxury car brands Jaguar Land Rover, is building a war chest that will allow it to expand its business and acquire rivals. Cash and equivalents at the Indian maker of the Tiago and Hexa cars surged 87 percent to 397.6 billion rupees ($6.2 billion) as of June 30 from a year earlier, according ...