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Bloomberg Fitbit Inc. is considering developing a wearable device for children, according to people familiar with the matter, as the company struggles to revive demand for its fitness products by pushing into new hardware categories. The product was focussed around health, a sector Fitbit has been increasingly focussed on, according to one of the people. The line of gadgets for ...

Bloomberg China is stepping up its policing of international companies such as Inditex SA-owned Zara and Delta Air Lines Inc. and demanding they respect the government’s position on long-standing territorial disputes from Taiwan to Tibet. The Cyber Administration Office in Shanghai said Zara listed Taiwan, an island that China claims as its own, as a separate country on its website. ...

Bloomberg Infosys Ltd. posted a 38 percent surge in third-quarter profit on a tax benefit and investments in digital technologies as its new chief executive officer maintained forecasts for slowing sales growth. Net income was 51.3 billion rupees ($806 million) in the three months ended in December, compared with the 36.1 billion rupee average of estimates compiled by Bloomberg. The ...

Bloomberg Bank Indonesia is taking a firm stance against cryptocurrencies as it urges all parties to refrain from owning, selling or trading the tokens. “Owning virtual currencies is very risky and inherently speculative,” the central bank said in a statement on Saturday. The digital tokens “are prone to forming asset bubbles and tend to be used as method for money ...

Bloomberg Maoyan Weying, China’s biggest online movie ticketing platform, is planning a Hong Kong initial public offering that could raise about $1 billion, people with knowledge of the matter said. The company, which also helped fund the latest “Transformers” movie, has held initial discussions with potential advisers about the share sale, according to one of the people. It is targeting ...

SINGAPORE / Reuters Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by OPEC will dominate the market this year. But some traders are sounding a warning — the world’s biggest crude consuming region, Asia, is showing signs of an impending downward correction. Prices for Brent crude oil futures, ...

Bloomberg Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output. The Caspian Sea nation’s output has been rising over the past year as the giant Kashagan field ramps up production. That’s in spite of Kazakhstan’s pledge to pump 20,000 barrels a day less under the landmark deal agreed ...

NEW DELHI / Reuters Indian oil consumption in 2017 grew at its slowest in four years, according to government statistics, hit by the government’s demonetisation move and a tax increase that knocked the gain in fuel use back to a modest 2.3 percent. The low growth also coincided with another year of weak, albeit improving, new vehicle sales. Last year’s ...

Bloomberg Less than two weeks in, 2018 is shaping up to be the year of the fracker. The world’s two biggest oilfield service providers, Schlumberger Ltd. and Baker Hughes, are the best performers in the Standard & Poor’s 500 Energy Index this year. Even smaller rivals are cashing in on investor enthusiasm over a 50 percent rise in oil prices ...

Bloomberg Royal Dutch Shell Plc is taking small steps towards a future dominated by electric cars, renewable energy and carbon constraints, demonstrating its intent not to remain solely an oil and gas company. The energy giant agreed last month to purchase First Utility Ltd., the UK’s seventh-largest power provider. Its offshore-wind partnership with Eneco may expand further, with newspaper Telegraaf ...