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Bloomberg Parsley Energy Inc. said it would be “attractive” for any potential buyer as the US shale driller expects to generate positive free cash flow in the back half of this year. “We are attractive for purchasers whatever type of investor it is,” Chief Executive Officer Matt Gallagher said in a phone interview. “That’s always a goal, an objective of ...

Bloomberg Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a new chemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells. The project near Corpus Christi will be the world’s largest steam cracker and create $50 billion of “economic output” in the first six years, Exxon and ...

Bloomberg Huawei Technologies Co. is preparing for a drop in international smartphone shipments of 40 million to 60 million as the Trump administration’s blacklisting hammers one of the Chinese tech giant’s most important businesses. China’s largest technology company is crunching internal estimates and exploring options including pulling the latest model of its marquee overseas label, the Honor 20, people familiar ...

Bloomberg Alibaba Group Holding Ltd. plans a one-to-eight share split, as the e-commerce giant prepares for a stock sale that could be Hong Kong’s largest since 2010. China’s largest company is proposing to increase the number of ordinary shares eight-fold to 32 billion, it said in a statement. The proposal will be discussed and put to a vote at its ...

Bloomberg Spare a thought for Japan’s yield-starved investors. Not even three months into a new fiscal year, a gauge of global bond yields has slumped to the lowest since 2017 and the yen has strengthened against almost all its major peers. Assumptions made when investment plans were released in April are being rapidly reworked. A shift to longer-maturity bonds, increased ...

Bloomberg Trade-reliant Singapore just took another big hit in the latest data, and the implications for the economy are looking serious. Singapore’s non-oil domestic exports plunged in May by the most since February 2013, driven by an ongoing slump in the electronics sector that’s now the worst in more than a decade, Enterprise Singapore figures showed on Monday. Both trade-war ...

Bloomberg Some users of Yahoo Japan Corp. are rising up against Japan’s biggest web portal after the rollout of a new rating system that’s being compared with a social-scoring initiative in China. The 48 million people with a Yahoo! Japan ID will have to opt-out within a privacy settings webpage if they don’t want to be rated. The score is ...

Bloomberg Fosun International Ltd. is considering a bid for Bayer AG’s animal-health business, people familiar with the matter said, a move that would allow the Chinese conglomerate to tap into the growing market of treatments for pets and livestock. Fosun has held talks with potential advisers and is considering teaming up with private equity firms or other financial investors for ...

Bloomberg European financial technology firms, including TransferWise Ltd. and German banking startup N26 Bank GmbH, are embracing plans by US tech giants like Facebook Inc. to push into digital currencies and payments, brushing off potential rivalries. Speaking at Bloomberg’s Sooner Than You Think conference in London, Taavet Hinrikus, the chairman and co-founder of TransferWise, said he welcomed plans by Facebook ...

Bloomberg UniQure NV is exploring options including a potential sale amid interest from pharmaceutical companies looking to expand in gene therapy, people with knowledge of the matter said. The shares jumped in early trading. The biotechnology company is working with advisers as it weighs options including a sale or partnerships, according to the people, who asked not to be identified ...