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Bloomberg Reliance Industries Ltd., owned by India’s richest man Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan. The companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations, the people said, asking ...

Bloomberg Oil Search Ltd., the Papua New Guinea-focused energy explorer, raised its full-year production target because of record output from the country’s liquefied natural gas project. The company lifted the lower end of its 2017 production guidance to 29 million barrels of oil equivalent from the previous 28.5 million, while leaving the upper end at 30.5 million barrels, citing record ...

Bloomberg Zema, a 94 year-old retailer of toys and appliances in Brazil’s interior, has become an unlikely thorn in the side of state-controlled oil behemoth Petroleo Brasileiro SA. This year Zema, which also runs gas stations, got its first fuel import license and joined a fast-growing group of new players that managed to, at least temporarily, squeeze Petrobras out of ...

Bloomberg North Korea’s saber-rattling is at last being felt in its southern neighbour’s bullet-proof bond market. Foreign investors have started to look for the exits, selling a net $415 million worth of Korean notes last week, only the second weekly outflow since November, according to the nation’s Financial Supervisory Service. That’s a precipitous drop from the $4.3 billion of net ...

Bloomberg Singapore’s government will support technology startups by doing business with them rather than having them rely on grants as the city-state pushes ahead with a plan to become a high-tech hub, a top minister said. The government wants to fuel private-sector innovation, especially among small and medium-sized firms, in a bid to create a digitally integrated economy, Vivian Balakrishnan, ...

Bloomberg China’s money market is bracing for yet another squeeze. A record 2.3 trillion yuan ($340 billion) of negotiable certificates of deposit—a funding lifeline for medium and smaller banks—are set to mature next month, adding to the stress of an official deleveraging drive that has pressured onshore bonds lower in all but two months of this year. The flood of ...

A persisting puzzle about the US economy is how it can seem both strong and weak. On the one hand, it remains a citadel of innovation, producing new companies like Uber. On the other, the economy is expanding at a snail’s pace of 2 percent annually since 2010. How could both be true? Why isn’t innovation translating into faster growth? ...

It’s time for Australian legislators and jurists to end a juvenile tussle about citizenship and who can serve in government. Their future depends on it. There is almost daily hysteria in Australia over a formerly obscure clause in the constitution that bars dual nationals from sitting in the federal parliament. The question is which legislators are now disqualified because they ...

American voters are obligated to pass judgment on President Donald Trump. Increasingly, American corporations may find that they, too, have little choice. After Trump failed to call out the racists responsible for the deadly violence in Charlottesville, Virginia, last weekend, Merck & Co. chief executive officer Kenneth Frazier made an announcement: He was resigning, he said via Twitter, from Trump’s ...

The most important thing to know about Steve Bannon, the departing White House “chief strategist,” is that he was an amateur. And just as Richard Neustadt tells us that the presidency is no place for amateurs, the same is true for White House senior staffers. The most important thing to know about Donald Trump’s first staff is that the actor ...