Bloomberg Kuwait Energy Plc is planning an initial public offering in London that could value the oil and gas exploration business at as much as $1 billion, according to people familiar with the matter. The independent energy firm, with assets across Oman, Egypt, Iraq and Yemen, is working with Bank of America Corp., the people said, asking not to ...

  Bloomberg India’s plan to push its top oil producer to fund a takeover of a state refining company may threaten some near-term investments including a plan to revive a long-delayed development project aimed at cutting the nation’s energy imports, according to company officials with knowledge of its finances. Oil & Natural Gas Corp.’s capital expenditure plans, including a $4.5 ...

  Bloomberg It’s not the economy. Prime Minister Narendra Modi took a dig at critics of his cash ban after government data showed surprisingly strong growth that helped India retain its position as the world’s fastest-growing big economy. “Well known intellectuals from Harvard and Oxford, who have been at key positions in the Indian economic system, had said the GDP ...

  Bloomberg Lenovo Group Ltd. will pick up about HK$1.7 billion ($219 million) from selling out of a developer of property and parking lots in central China, striking the latest real estate deal to shore up earnings battered by shrinking smartphone sales. The world’s largest PC maker struck an agreement to sell a 49 percent stake in the joint venture ...

  Bloomberg Four planned listings on Hong Kong’s small-company exchange, known for its wild price swings, were shelved this week in the wake of a warning that participants would be more thoroughly scrutinized. Logistics provider XiangXing International Holding Ltd. said it will postpone its initial public offering on the Growth Ente- rprise Market after receiving inquiries from regulators. Local lingerie ...

  Bloomberg This may be as good as it gets for the Australian dollar, the best-performing Group-of-10 currency this year. The drivers behind the Aussie’s two-month rally are being eroded as iron ore shows signs of topping out and Australia’s yield advantage over the US shrinks. The currency is almost 5 percent overvalued based on regression analysis linking it with ...

  Bloomberg China, which tightly censors the internet, called on Thursday for a new model for governing the web based on rules and order rather than the unfettered access seen in democratic societies. Speaking in Beijing, foreign ministry and cyberspace affairs officials made China’s latest argument for being a global leader in managing the internet. Unveiling the country’s first cyber ...

  Bloomberg Two years after Switzerland suffered a surge in the franc, the currency is still proving a challenge. While the move in 2015 didn’t cause a recession, the Swiss economy remains burdened with the aftermath: an exchange rate that the central bank continues to describe as “significantly overvalued.” That picture was reinforced by data on Thursday showing exports recorded ...

  Bloomberg Yahoo is punishing CEO Marissa Mayer and parting ways with its top lawyer for the mishandling of two security breaches that exposed the personal information of more than 1 billion users and already have cost the company $350 million. Mayer won’t be paid her annual bonus nor receive a potentially lucrative stock award because a Yahoo investigation concluded ...

  Bloomberg UK manufacturing growth slowed for a second month in February and price pressures cooled, a sign that the effects of the pound’s drop may be easing. IHS Markit’s Purchasing Managers Index fell to 54.6 from a revised 55.7, above the 50-mark dividing expansion from contraction but below economists’ expectations for 55.8. The pound’s fall since the UK’s June ...