I am giving you permission: You can safely ignore Amazon’s Prime Day, the annual fake shopping holiday Jeff Bezos invented two years ago.The European Central Bank is unnerving markets by remaining vague over the future of its bond-buying scheme. Yet, if investors listened carefully, they would detect an emerging framework for understanding what guides policy makers. The first principle is ...

KHOBAR / Reuters Top oil exporter Saudi Arabia has asked companies to qualify to bid for its first utility-scale wind power project at Dumat al-Jandal, the energy ministry said, keeping on track to tender the first round of renewable energy projects this year. Requests to qualify for the 400 megawatt (MW) wind project in the north of the kingdom will ...

Bloomberg Oil steadied above $46 a barrel in New York after China’s economic growth in the second quarter slightly surpassed expectations, while OPEC’s commitment to supply curbs faltered. Futures were little changed in New York, after rising 5.2 percent last week. The world’s second-largest economy expanded by 6.9 percent from a year earlier, compared with the 6.8 percent median estimate ...

Bloomberg Kuwait plans to raise oil-production capacity to as much as 4.75 million barrels a day after 2030 as the OPEC member builds refineries in Asia to process more of its crude, the head of state-run Kuwait Petroleum International Ltd. said. The Gulf country, which currently can pump up to 3.15 million barrels a day, has plans to increase capacity ...

Bloomberg Centrica Plc and Stadtwerke Muenchen GmbH agreed to combine assets to set up a new European exploration and production company and may sell shares in the venture after two years. The UK’s biggest energy supplier to homes will own 69 percent of the business and the transaction is expected to close in the fourth quarter, Centrica said in a ...

Bloomberg “This ain’t your daddy’s oil,” the commercial proclaims, cutting to shots of spray paint being made and a wall covered in fanciful graffiti. “Oil strikes a pose. Oil taps potential. Oil pumps life.” Oil, in short, is cool, the industry’s branding braintrust has declared. The 30-second spot rolled out this year is part of a broader American Petroleum Institute ...

Bloomberg China’s economy grew faster than expected in the second quarter, putting the nation on track to meet its growth target this year and giving backing to officials in their campaign to corral oncoming financial risk. Data showing that the world’s second-largest economy expanded 6.9 percent in the second quarter, matching the pace from the first three months, was released ...

Bloomberg Mining companies in Australia, the world’s biggest exporter of iron ore and coal, are poised to approve fresh investments in projects, driven by rallying commodity prices and the need to replace depleting deposits, according to global equipment supply giant Komatsu Ltd. “They’re looking at new fleets of equipment,” Sean Taylor, chief executive officer of Komatsu’s Australian unit, said in ...

Bloomberg China plans to cut off some funding for billionaire Wang Jianlin’s Dalian Wanda Group Co. after concluding the conglomerate breached restrictions for overseas investments, said people familiar with the decision. Six investments, such as the purchases of Nordic Cinema Group Holding AB and Carmike Cinemas Inc., were found to have violations, said the people, who asked not to be ...

Bloomberg Thailand is now so popular for holidays that almost 35 million foreign tourists — equivalent to half the country’s population — are expected this year. As the influx gets harder to manage, the government is shifting strategy. It’s now targeting a minimum increase in tourism revenue of about 5 percent annually instead of a particular number of visitors, Tourism ...