Bloomberg Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves. While Shell’s existing oil-sands operations generate strong cash flows, the expense of developing new projects discourages additional investments, Chief Executive Officer Ben Van Beurden said in an interview. Oil ...

  Bloomberg Asia’s infrastructure race is just getting started. Emerging economies across the region will need to invest as much as $26 trillion on building everything from transport networks to clean water through 2030 to maintain growth, eradicate poverty and offset climate change. That’s according to an Asian Development Bank report released on Tuesday that highlights the need for massive ...

  Bloomberg Faced with a shortage of workers, Japanese companies are taking matters into their own hands, helping the government fix a chronic lack of day care that is blunting efforts to get more women into the workforce. Nichiigakkan Co., which provides hospital administration and care services, is among more than 500 companies approved for new subsidies to start their ...

  Bloomberg China’s effort to promote public-private partnerships to fund roads, bridges and railways and keep a lid on rampant debt growth is succeeding in luring companies to the projects. Problem is, they’re mainly state-owned. Two years into the PPP push, the majority of partners in the projects have turned out to be state-owned enterprises, according to analysts at Fitch ...

  WASHINGTON / AP US businesses boosted their orders for long-lasting manufactured goods in January by the largest amount in three months, but a key category that tracks business investment plans slipped. Orders for durable goods rose 1.8 percent in January after two months of declines, the Commerce Department said. The strength stemmed from a big surge in demand for ...

  Bloomberg Turkey is seeking US support to lead a ground offensive against IS main stronghold in Syria, a Turkish official said, a move that could give President Recep Tayyip Erdogan more influence in the conflict and undermine Kurdish groups linked to separatists he’s fighting at home. Troops and Syrian rebels loyal to Ankara would advance on Raqqa through areas ...

  BEIRUT / AP Syrian government forces and their allies from the Lebanese militant group Hezbollah reached the outskirts of Palmyra in their push to drive IS militants from the ancient town, activists said on Tuesday. The advancing forces reached the town’s southwestern gateway, located about 5 kilometers (3 miles) from its famed Roman ruins, according to the activist-run Palmyra Coordination ...

  MOSCOW / AP President Vladimir Putin says Russia will close its military base in Kyrgyzstan if the government of the Central Asian nation asks it to. Putin was speaking on Tuesday in the Kyrgyz capital, Bishkek, as part of a Central Asian tour. The Kyrgyz president said in December that the base should close when the lease runs out at ...

  ISLAMABAD / AP Pakistan deployed extra police forces and paramilitary units on Tuesday in the country’s capital to boost security ahead of a regional summit on economic cooperation, officials said. Islamabad is to host representatives from 10 countries of the Economic Cooperation Organization on Wednesday to finalize a plan on expanding the region’s trade and prosperity. Iranian President Hassan Rouhani ...

  NEW YORK / AP When White House Press Secretary Sean Spicer wanted to crack down on leaks last week, he collected his aides’ cell phones to check for communication with reporters. The crackdown quickly leaked. President Donald Trump now says he probably would have handled the situation differently, meeting with staff one-on-one instead — but perhaps still demanding to look ...