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Bloomberg The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering tailor-made cargoes in an offshore megastore. By selling bespoke from a fleet of ships anchored off Singapore and Malaysia, the likes of Vitol, Trafigura Group, Glencore Plc and Gunvor Group are seeking to lure buyers who are becoming more demanding. ...

Bloomberg Oil extended gains toward $46 a barrel as US industry data showed crude and gasoline stockpiles declined. Futures advanced as much as 2.2 percent in New York after rising 1.8 percent in the previous two sessions. Crude inventories fell by 8.13 million barrels last week, the American Petroleum Institute was said to report. If the decline is replicated in ...

Bloomberg China’s clampdown on the use of virtual private networks to circumvent the country’s internet controls risks disrupting businesses that depend on them for cloud services and data security. Besides using virtual private networks to gain access to websites like Facebook and Google blocked by China’s regulators, companies use VPNs to ensure speed and efficiency as they migrate more services ...

Bloomberg Global demand for new smartphone models is driving Taiwan’s trade surplus and corporate revenues to record highs, underlining the strength of Asian trade even in the face of geopolitical jitters and rumors of protectionism. As a result, Taiwanese companies are posting record sales, a development they owe largely to an upswing in the global electronics industry. As Apple Inc. ...

Bloomberg Gold imports by India, the world’s second-biggest user, more than doubled in June from a year earlier amid a rush by jewelers to build up inventories ahead of a tax change. Inbound shipments surged to 72 metric tons last month from 31.8 tons a year earlier, according to a person familiar with provisional data from the finance ministry, who ...

Bloomberg Uber Technologies Inc. tried to assuage investors’ concerns that a series of scandals were taking a toll on the business. It told them to expect improved bookings, narrower losses and a possible settlement with Alphabet Inc. that could resolve one of the company’s biggest legal hurdles. On a conference call with investors, Uber executives said gross bookings increased more ...

Bloomberg ­­More than 300 wildfires in British Columbia have forced Canadian lumber mills and an Enbridge Inc. natural gas compressor station to shut as hot, dry weather fans blazes across swaths of west Canada and US. Enbridge said that it has closed a compressor station on its T-South pipeline, which carries natural gas from northern B.C. to the US border. ...

Bloomberg As automakers in the US struggle to keep selling new cars to American consumers at a record clip, Toyota Motor Corp. plans to turn to rental car companies and other fleet operators for a boost. Toyota will nearly match last year’s total sales to fleet customers, which means the company has some catching up to do. Deliveries to rental ...

Bloomberg Poland’s parliament started debate on legislation to raise the tax on petrol, reversing on an election promise even after producing a reported budget surplus in the first half. The ruling party proposed the tariff to provide as much as 5 billion zloty ($1.3 billion) a year to the budget, according to parliament’s website. Law & Justice, which vowed not ...

Bloomberg At least one media mogul is expecting to see a lot more deals like AT&T Inc.’s $85.4 billion purchase of Time Warner Inc., and the seeds for such megamergers could be planted this week in a resort town in Idaho. Pay-TV providers and phone companies like AT&T are realizing they need exclusive programming to set themselves apart in a ...