Bloomberg PVH Corp.’s Tommy Hilfiger division is looking to technology to bring buzz to a three-decade-old brand that’s been walloped by the department-store industry’s decline. Though Tommy Hilfiger’s same-store sales plunged 11 percent in North America during the most recently reported quarter, e-commerce has emerged as its biggest source of growth. The business is increasingly relying on social media ...

  Bloomberg Libya halted exports from its two of biggest oil ports and reduced production from some fields after clashes threatened to reverse the North African country’s progress in reviving crude output and sales. Shipments from Es Sider, the country’s largest oil port, and Ras Lanuf, its third-biggest, have been suspended until the security situation improves and workers return to ...

  Bloomberg Nigeria has filed criminal charges of corruption against oil multinationals Royal Dutch Shell and Eni over the $1.1 billion sale of one of Africa’s richest oil blocks. Both companies have denied any wrongdoing. Charges filed at the High Court in Nigeria’s capital, Abuja, allege the companies paid $801 million to former Oil Minister Dan Etete, former Justice Minister ...

  Bloomberg Iraqi oil shipments of about 105,000 barrels a day were halted briefly after Kurdish troops seized control of a pumping station in disputed Kirkuk province and demanded that crude shipments to the country’s central government be stopped. Oil from Kirkuk stopped flowing into a Kurdish-built export pipeline to Turkey after fighters loyal to the Patriotic Union of Kurdistan ...

  Bloomberg Gazprom PJSC deputy head Alexander Medvedev is taking solace in old sayings by the founding father of the People’s Republic of China as the natural gas giant pushes ahead with a plan to become its biggest supplier. “Do you know this Chinese saying ‘Hard work for three years, happiness for 10,000’?” Medvedev said in an interview, referring to ...

  Bloomberg Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers. Exxon Mobil Corp. slashed proved reserves the most in its modern history after removing the entire $16 billion, 3.5-billion-barrel Kearl oil-sands project from its books. That followed ConocoPhillips’ announcement ...

  Bloomberg China set a 2017 growth target of “around 6.5 percent, or higher if possible” as focus shifts to easing risk and ensuring stability before a twice-a-decade leadership transition this year. The objective outlined on Sunday in Premier Li Keqiang’s work report to the National People’s Congress in Beijing compares with last year’s target range of 6.5 percent to ...

  Bloomberg India’s surprising economic strength last quarter will only renew debate over how much its unprecedented cash ban has curtailed growth and how quickly activity will bounce back. While the Reserve Bank of India and the government are backing a sharp V-shaped recovery, analysts including those at the local unit of Moody’s Ratings predict a slower turnaround after growth ...

  Bloomberg Japan’s economy coasted along with only slight improvements in January despite a rebound in corporate investment. Core inflation excluding volatile food prices rose 0.1 percent, mainly due to an uptick in energy prices, data showed. The unemployment rate in the world’s third-largest economy edged slightly lower, to 3.0 percent, and the number of jobs per applicant remained at ...

  Bloomberg Australia’s economy expanded faster than forecast in the fourth quarter of 2016 as household savings fell to the lowest level in more than eight years as consumers opened their wallets. Gross domestic product rose as much as 1.1% from prior quarter; economists estimated 0.8% gain. Economy grew 2.4% from a year earlier, compared with a forecast 2% increase. ...