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Bloomberg India is examining the feasibility of setting up a regulatory authority to settle disputes related to e-commerce, a top government official said, amid a raging battle between big online retailers and mom-and-pop stores. The proposal being considered comes after small traders approached the government with allegations of predatory pricing and deep discounting by Amazon.com Inc and Walmart Inc. They ...

Bloomberg Mozambique will court investors for $1.5 billion of financing for a giant natural-gas project run by Total SA. State oil company Empresa Nacional de Hidrocarbonetos will kick off a funding roadshow in Johannesburg next week before moving on to London, said Chief Executive Officer Omar Mitha. The project — potentially transformative for Mozambique’s ailing economy — includes the development ...

Bloomberg Saudi Aramco raised December pricing for sales of its light oil grades to Asia to their highest levels since 2014, just a day after announcing it will sell shares for the first time. The state-owned oil producer increased monthly pricing for shipments of all crudes to the US. Aramco increased its official selling price for flagship Arab Light crude ...

A standard theme in detective thrillers is that the perpetrator feels compelled to return to the scene of the crime. It’s an irrational urge, and readers of such potboilers are often left wondering whether the protagonist secretly wants to get caught. Perhaps we’re living a real-life version of this fictional plot in President Trump’s alleged solicitation of political help from ...

The UK government’s temporary fracking moratorium should turn into a permanent ban. Allowing shale gas extraction makes sense only when a country is still phasing out coal, and then only under certain conditions. But the UK is almost finished with coal, and fracking can only postpone its transition to clean energy. The Conservative government has banned the drilling of new ...

Donald Trump has renewed his quarrel with the Federal Reserve, tweeting again that the central bank is a bigger problem for the US economy than China. Whether or not it’s wise for the president to lash out in public, he’s right to be concerned. An excessively tight monetary policy from the Fed helped to get him elected, and could contribute ...

From a political perspective, India’s decision overnight to walk away from immediate involvement in a trade zone encompassing half the world’s population and a third of its economy is good for almost everyone. The government of Prime Minister Narendra Modi no longer needs to make difficult concessions on agricultural trade. Other members of the Regional Comprehensive Economic Partnership group (RCEP) ...

Yes Bank Ltd. has changed. In the past, the troubled Indian lender kept quiet rather than tell shareholders the truth about its bad loans. Now, under new management, it can’t stop talking about an impending rescue. If the former approach nearly destroyed the bank, this latest strategy isn’t going to help fix it. In early September, CEO Ravneet Gill told ...

Peugeot SA’s equity holders might not think much of its takeover of Italy’s Fiat Chrysler Automobiles NV but bondholders appear to love the idea. Fiat’s credit spreads (the extra yield above the benchmark) have tightened by as much as one-third after news of the deal emerged, accompanying a jump in the company’s share price. Peugeot’s shares fell sharply because of ...

Look inside your mutual fund: WeWork isn’t the only unicorn with a valuation so slippery that it’s worth $47 billion one day and $0 the next. Back in June 2015, fund managers from Fidelity Investments to BlackRock Inc. valued their stakes in Uber Technologies Inc. somewhere between $33 and $40 a share. The ride-hailing company is now trading at the ...