Bloomberg As China’s biggest oil and gas producer prepares to report what may be its worst-ever earnings, investors are focused on billions of dollars that could be unlocked by a spinoff of its massive pipeline network. PetroChina Co.’s natural gas and crude oil transportation system, stretching from the country’s remote borders with Central Asia to major coastal cities, could ...

  Bloomberg Saudi Arabia maintained its spot as China’s top oil supplier in February, two months into the first OPEC output cuts in almost a decade, with shipments up 5 percent on a daily basis from January, data showed on Thursday. China imported in February 4.77 million tonnes of crude oil from Saudi Arabia, about 1.24 million barrels per day ...

  Bloomberg Algeria’s state-run energy producer plans to boost crude oil output by 14 percent in the four years to 2019 and invest billions of dollars in exploration projects. Sonatrach Group expects to invest $9 billion from 2017 to 2021 in its search for new deposits of oil and natural gas, said Farid Djettou, head of the company’s associations division, ...

  Bloomberg Daewoo Shipbuilding & Marine Engineering Co. could receive another lifeline from lenders as the world’s biggest shipbuilder needs cash to complete work on pending orders to stay afloat. Korea Development Bank and Export-Import Bank of Korea will provide 2.9 trillion won ($2.6 billion) in additional loans and swap about 1.6 trillion won of debt to equity, Korea Development ...

  Bloomberg It may be one of the smallest economies in Asia, but Vietnam is among those leading the infrastructure race. Vietnam’s public and private sector infrastructure investment averaged 5.7 percent of gross domestic product in recent years, the highest in Southeast Asia and compares with 6.8 percent in China, according to the Asian Development Bank. Indonesia and the Philippines ...

  Bloomberg Bosses of Britain’s public companies rarely look forward to facing off with their shareholders, but the run-up to this year’s annual general meeting season is provoking a particularly strong sense of anxiety. Executive pay is high on the political agenda, with the government wrapping up a consultation exercise on the issue just last month and Prime Minister Theresa ...

  Bloomberg General Motors Co. is trying to make up for lost time with its redesigned Chevrolet Equinox. While the largest US automakers’ competitors have pumped out new and refreshed sport utility vehicles to cash in on the booming segment, GM soldiered on with an Equinox that last underwent major changes seven years ago. Equinox deliveries slumped 13 percent in ...

  Bloomberg Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters. Just 49 percent of Motor City households were homeowners in 2015, down from 55 percent in 2009 and the lowest percentage in more than 50 years. Detroit isn’t alone, of course: The rate of US ...

  Bloomberg The proportion of Californians making electric cars their new set of wheels has stayed flat for years even though incentives make some models basically free to lease, a trade group told state regulators that may toughen up already-stringent rules. With state rebates, federal tax credits and manufacturer discounts, the effective monthly payments in California for zero-emission vehicles including ...

  The end of Iceland’s nine years of capital controls is an occasion to celebrate for Icelandic businesses — and for those economists who, like Nobel Prize winner Paul Krugman, touted Iceland’s post-crisis recovery as an example of how it should be done. Yet even after almost a decade, Iceland may still need a relatively closed financial market for that ...