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  Bloomberg China, the world’s biggest producer and consumer of coal, is considering reinstating output restrictions to avoid the return of a glut after easing limits during winter. Shares in the coun- try’s coal miners jumped along with futures prices. The National Development and Reform Commission may resume mining curbs that cap output to an equivalent of 276 days of ...

  Bloomberg Mongolia reached an initial agreement with the International Monetary Fund for a three-year program that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with looming debt repayments. “The Asian Development Bank, the World Bank and bilateral partners including Japan and Korea are expected to provide up to ...

  Bloomberg China’s securities regulator announced new curbs on how much and often the country’s public companies can issue new shares, amid concerns that a faster pace of initial public offerings will drag down the stock market. The number of shares issued in private placements can’t be more than 20 percent of a company’s total shares, the China Securities Regulatory ...

  Bloomberg Billionaire Richard Li’s PCCW Ltd. plans to sell a HK$8.53 billion ($1.1 billion) stake in telecommunications unit HKT Trust & HKT Ltd., amassing cash as the Hong Kong tycoon shifts into greater media investments. The shares of both companies fell. PCCW will sell 840.7 million shares of Hong Kong’s largest phone company for HK$10.15 apiece, it said in ...

  Bloomberg Singapore’s government has a message for anyone expecting great things following Friday’s surprise growth bounce: don’t hold your breath. The city-state’s economy will still only expand between 1 percent and 3 percent this year, policy makers said after fourth-quarter growth burst in at an annualized 12.3 percent — the fastest pace in more than five years. They had ...

  Bloomberg The Trump administration has quietly consulted technology industry leaders ahead of issuing a delayed executive order on cybersecurity, even as executives have clashed with the White House over policies including the president’s efforts to limit entry to the US. President Donald Trump delayed the signing of a cybersecurity directive that had been planned for January 31 just as ...

  Bloomberg UK unemployment declined and a measure of the number of people in work rose to a record, pushing the labor market closer to “full capacity,” according to the statistics office. The number of jobless fell 7,000 in the fourth quarter to 1.6 million people, leaving the unemployment rate at 4.8 percent, the lowest in more than a decade. ...

  Bloomberg Accor SA, Europe’s biggest hotel operator, is expanding its luxury vacation-rental offering with listings in the Hamptons, Wall Street’s summer playground. The Long Island rentals cost as much as $2 million for the season and are the first launches in the Collections portfolio of Accor’s onefinestay unit, according to a company statement. More sites will be added over ...

  Bloomberg Luxury developer Toll Brothers Inc. has a deal for those shopping for a condo in Manhattan: buy something soon, and we’ll pay the taxes on your purchase. The publicly traded homebuilder is offering to pay the city transfer tax and the New York state “mansion tax” — an effective discount totaling almost 2.5 percent — on deals made ...

  Bloomberg A UK energy-storage startup is aiming to take on Tesla Inc. in the competition to outfit homes with affordable back-up battery power. Powervault Ltd. is preparing to boost production of its lead- and lithium-ion batteries, said Managing Director Joe Warren. The London-based company is targeting sales of 50,000 units a year by 2020, up from about 1,000 this ...