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Bloomberg China’s largest food company is open to partnering with its competitors as it seeks to meet its biggest challenge: feeding the world’s most-populous country. “We will make sure we have a strong global supply chain to serve our goal in the China market and food security in China,” Cofco Corp. President Patrick Yu said in a Bloomberg Television interview ...

Bloomberg The 22 billion-euro ($27.1 billion) deal that’s shaking up the world of German utilities also has a very British dimension. EON SE’s acquisition of Innogy SE will combine the two UK business they own, shrinking the country’s Big Six utilities to five at a time when both the government and main opposition party are pressing for lower bills. It ...

Bloomberg South Africa delayed signing agreements for renewable-energy projects worth 56 billion rand ($4.7 billion), after a court postponed a ruling on a labor union application to block the deals. The National Union of Metalworkers of South Africa and Transform RSA applied for an interdict to prevent state-owned utility Eskom Holdings SOC Ltd. from signing 27 power purchase agreements that ...

DUBAI / Reuters Saudi International Petrochemical Co (Sipchem) said on Tuesday it was planning to resume proposed merger talks with Sahara Petrochemical in a deal that could create a 14.7 billion riyals ($3.9 bln) chemicals company. The two companies called off a planned merger in 2014, citing an inadequate regulatory framework in the kingdom for the collapse. Sipchem said on ...

Bloomberg A US appeals court ruled against New York’s bid to block a pipeline that will shuttle natural gas to a $900 million power plant under construction there, setting a potential precedent for other battles over gas conduits. The court sided with federal energy regulators’ ruling that New York waived its right to act on the pipeline by failing make ...

Bloomberg Turning Canada’s heavy oil sands into a more marketable kind of crude is making a comeback, or rather half a comeback. Alberta’s government’s C$1 billion dollar pledge ($780 million) will help support the construction of smaller and cheaper varieties of upgraders. The so-called partial upgraders would process the sticky oil just enough so that it can flow freely through ...

Bloomberg With his swift rejection of Broadcom Ltd.’s hostile takeover of Qualcomm Inc., President Donald Trump sent a clear signal to overseas investors: Any deal that could give China an edge in critical technology will be swatted down in the name of national security. Although Broadcom is based in Singapore, China loomed large over the US government’s fears about a ...

Bloomberg Volkswagen AG secured 20 billion euros ($25 billion) in battery supplies to underpin an aggressive push into electric cars in the coming years, putting pressure on Tesla Inc. as it struggles with production issues for the mainstream Model 3. The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three ...

Bloomberg European Commission President Jean-Claude Juncker demanded Prime Minister Theresa May give more detail about how the UK sees its relationship with the European Union after Brexit. “It’s obvious that we need further clarity if we’re going to reach an understanding on our future relationship,” Juncker told the European Parliament in Strasbourg, France. “It’s now time to translate speeches into ...

Bloomberg London overtook New York as the biggest real estate exposure for Norway’s $1 trillion wealth fund. The fund held 22.8 percent of its real estate portfolio in London, followed by 21.5 percent in New York and 19.1 percent in Paris at the end of 2017, according to a report released on Tuesday in Oslo. At the end of 2016, ...