April, 2017

• 20 April

  India’s ‘electrification Corp’ to lend $1.5bn for clean energy

  

    Bloomberg Rural Electrification Corp., a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas. The non-banking financial company is aiming to triple its clean-energy lending and is expecting to set ...

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• 20 April

  China demand drives Singapore oil storage sales to 11-month high

  

    SINGAPORE / Reuters Crude oil sales from storage tanks around Singapore rose to an 11-month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in April. Traders sold a total of 22.6 million barrels of crude from storage in Singapore, southern Malaysia and ...

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• 20 April

  Oil trades low as OPEC plans vie with supply gain

  

    Bloomberg Oil traded near its lowest in two weeks as comments from some OPEC producers that the group will extend output cuts were undermined by signs of rising supply. Futures were little changed in New York after a gain in US output sparked a decline of 3.8 percent on Wednesday, the biggest loss since March 8. The first three ...

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• 20 April

  Oman Oil seeks advice from banks to help sell assets

    Bloomberg Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks to sell some energy assets and list units on the local stock market, following plans by its larger peer Saudi Arabian Oil Co. to offer shares to the public. The oil and gas producer, which has stakes in overseas businesses, wants to attract more foreign ...

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• 20 April

  Western Digital in talks for Toshiba unit sale

  

    Bloomberg Western Digital Corp. said it’s in talks with Japanese government-backed investment funds as it tries to win a battle for Toshiba Corp.’s flash memory unit. The San Jose, California-based maker of storage media has held discussions with Innovation Network Corp. of Japan and Development Bank of Japan Inc. about options for a bid, said Mark Long, Western Digital’s ...

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• 20 April

  Japanese exports surge to end Q1 on strong note

  

    Bloomberg Japanese exports grew at the fastest rate in more than two years in March, supporting a moderate economic recovery in the face of weak domestic demand. Exports rose 12 percent from a year earlier (median estimate +6.2 percent), according to data released by the Ministry of Finance. Imports jumped 15.8 percent (median estimate 10 percent), the biggest gain ...

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• 20 April

  China carmaker SAIC puts US export plan on hold

  

    Bloomberg SAIC Motor Corp., China’s biggest carmaker by sales, has halted a plan to export its own branded vehicles to the US until it gets more clarity on Sino-US trade policy under President Donald Trump. SAIC Motor, which has joint ventures with General Motors Co. and Volkswagen AG in China, has been exporting locally-made Buick Envision sport utility vehicles ...

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• 20 April

  Tencent’s WeChat abolishes tipping feature on iPhones

  

    Bloomberg Tencent Holdings Ltd. is shutting down a popular feature on WeChat that allows iPhone users to tip emoji and content creators to comply with Apple Inc.’s policy on in-app purchases. After months of negotiations, Tencent said on its official WeChat account it “regrettably” had to abolish the feature on the instant message service to comply with new terms ...

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• 20 April

  Indian firms push to sell $1 billion Masala bonds

  

    Bloomberg Indian companies are jostling to sell at least $1 billion of Masala bonds in the coming months as Prime Minister Narendra Modi’s resounding victory in state elections boosts investor confidence. More issuers are planning to tap the market as Modi’s majority win is seen emboldening him to take more measures to spur expansion in Asia’s third-largest economy. Foreigners ...

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• 20 April

  US Steel Corp seeks to push for China trade probe

  

    Bloomberg US Steel Corp. will ask a trade agency on Thursday to investigate its claims that rival Chinese manufacturers colluded to fix prices to undercut competitors in the American market on the same day President Donald Trump will order a separate Commerce Department probe of steel imports. Trump will sign a memorandum authorizing a probe under section 232 of ...

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