Bloomberg Santos Ltd. will take a $1.05 billion writedown on its Gladstone LNG project due to rising prices for third-party gas supplies and slower-than-expected ramp up of its own equity output to feed the export project. The non-cash charge on the liquefied natural gas development in Queensland, which is $1.5 billion before taxes, will be recorded in its half-year ...

  Bloomberg Egypt, the world’s largest wheat importer, is being asked to consider a wheat storage program offered by a U.S. company before Algeria gets a chance to grab the $250 million investment. Blumberg Grain expects to reach an agreement with Egypt in the next two weeks to expand its wheat storage network, according to a company statement issued Sunday. ...

  Reuters Qatar’s central bank is offering 3 billion riyals ($825 million) of government bonds in its first domestic bond sale this year, suggesting liquidity conditions are easing in a banking system pressured by low oil and gas prices. A central bank official said results of the offer would be known on Tuesday. If it succeeds, it would be the ...

  AFP Japan’s economy stagnated in the second quarter, data showed Monday, falling below expectations and rekindling worries about the government’s faltering bid to stoke a recovery. Growth in the world’s third largest economy was flat at 0.0 percent quarter-on-quarter, missing economists’ predictions for a 0.2 percent expansion in the April-June period as weak exports and a fall in business ...

  Bloomberg Singaporeans are the most pessimistic about the economy in seven years as they’ve grown more gloomy about their quality of life, their income and job security. Mastercard’s consumer confidence index for the city-state plunged to 33.6 in the first half of 2016, down from 44.3 for the previous six months, the company said in a statement on Aug. ...

  Bloomberg Thailand’s economy grew more than analysts estimated in the second quarter as the military government accelerated spending on road and rail projects to help offset weak demand for the nation’s exports. Gross domestic product expanded 3.5 percent in the three months through June from a year earlier, the National Economic and Social Development Board said in Bangkok Monday. ...

  Bloomberg Rising demand, deficits and a crackdown in the Philippines are combining to make nickel one of its most-preferred commodities, according to UBS Group AG, which said the full impact of mine shutdowns in the Southeast Asia nation may be felt only next year when exports fail to ramp up as usual. The government’s audit of standards in the ...

  Washington / AFP Dozens of US nuclear weapons stored at a Turkish air base near Syria are at risk of being captured by “terrorists or other hostile forces,” a Washington think tank claimed Monday. Critics have long been alarmed by America’s estimated stockpile of about 50 nuclear bombs at Incirlik in southern Turkey, just 70 miles (110 kilometers) from ...

  Washington / AFP Nearly a million refugees fleeing the brutal conflict in South Sudan, most of them women and children, are suffering dire conditions in camps across the region, the UN said on Monday. Refugee agency UNHCR said arrivals in Uganda alone had peaked at “more than 8,000 in one day” last month after an outbreak of fresh fighting in ...

  Srinagar / AFP A police paramilitary commander was shot dead in Kashmir’s main city while at least two suspected separatist militants were killed in gun-battles on Monday as violence flared in the disputed Himalayan region on Indian Independence Day. The unnamed commander was critically injured in an ambush and died in hospital, a senior officer of India’s Central Reserve Police ...