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Bloomberg The priciest US gasoline may only be getting pricier. Since March 2017, filling up your car’s 20-gallon (75-liter) gasoline tank with premium has cost at least $10 more than if you’d pumped regular. The widening spread has been driven by additional demand for the fuel and by tightened air rules that have reduced supply. Those conditions are probably going ...

MANAMA / Reuters Aluminium Bahrain (Alba) , owner of one of the world’s largest aluminium smelters, will raise by the end of this year’s first quarter the final debt amount needed to fund its Line 6 expansion project, a company official told Reuters. With Line 6, Alba will become the world’s largest single aluminium smelter complex, increasing production capacity by ...

Bloomberg Chesapeake Energy Corp. shares jumped the most in almost two years, putting it on top of the S&P 500, after the shale explorer pledged to continue its push to cut spending and sell more assets in the year ahead. Chesapeake raised $1.3 billion last year from asset sales and has fired thousands of employees to cope with a burdened ...

Bloomberg China’s government seized temporary control of Anbang Insurance Group Co. and will prosecute founder Wu Xiaohui for alleged fraud, cementing the downfall of a politically connected dealmaker whose aggressive global expansion came to symbolise the financial overreach of China’s debt-laden conglomerates. The surprise move furthers President Xi Jinping’s anti-corruption and de-leveraging campaigns while providing a government backstop for the ...

Bloomberg Thailand’s planned 100 billion baht ($3.2 billion) infrastructure fund is embroiled in a court dispute over costs, threatening to further delay its listing. A labour union claims it would be cheaper to use borrowings by Expressway Authority of Thailand, a state entity, to pay for road projects due to be financed via the Future Fund, according to Ekniti Nitithanprapas, ...

Bloomberg Competitive gaming in Japan has found a champion: hedge fund boss Seth Fischer. The chief investment officer of Hong Kong-based Oasis Management Co., which owns more than $1 billion in Japanese securities, said esports is now among his top five investment themes for Japan. He has started buying stocks of game publishers like Capcom Co. and Square Enix Holdings ...

Bloomberg In the pantheon of luxury carmakers, Hyundai Motor Co. doesn’t usually come to mind. But the Korean company’s Genesis line beat out German rivals to be named 2018’s best car brand in the US by Consumer Reports. In its debut year, Hyundai’s luxury line bumped Volkswagen AG’s Audi from top billing to the No. 2 spot, with premium mainstays ...

Bloomberg It’s looking increasingly likely Nafta talks will extend beyond a March target, meaning negotiators will have to deal with the added political uncertainty of a Mexican election campaign. Thorny issues such as content rules for cars remain unsolved as negotiators met on Sunday through March 5 in Mexico City for the seventh round of talks. When negotiations began six ...

Bloomberg Volkswagen AG’s US unit agreed to settle a lawsuit over the company’s marketing of clean-emissions vehicles, resolving a fight over consumer fraud claims days before it was scheduled to go to trial. The suit was dismissed on February 23 by Fairfax County, Virginia, Circuit Court Chief Judge Bruce D. White on agreement of the parties, according to a copy ...

Bloomberg International Business Machines Corp. is moving towards settling non-competition claims against its former chief diversity officer and allowing her to take on a temporarily limited role at rival Microsoft Corp. Lawyers for the company and the former IBM executive, Lindsay-Rae McIntyre, met in a federal court in White Plains, New York, to hash out a possible deal through mediation ...