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  Bloomberg Samsung Electronics Co.’s profit more than doubled in the last three months of 2016 on robust semiconductor sales and a recovery in its mobile business, giving it enough stamina to buy back 9.3 trillion won ($8 billion) of its own shares. Net income rose to 6.92 trillion won in the December quarter, largely buoyed by rising prices for ...

  SYDNEY/ AP US President Donald Trump’s decision to pull out of the Trans-Pacific Partnership, as promised, is prompting other member countries to seek ways to salvage the trade pact. Leaders of some of the 11 other nations involved in the initiative said they hope to push ahead with the agreement in some form, with or without the US. Australian ...

  Bloomberg Royal Philips NV’s health-equipment business in the US has come under scrutiny after the Dutch company disclosed a conflict with authorities over its heart defibrillators more than three years after the Food and Drug Administration warned about their reliability following a recall. Philips is in talks with the Department of Justice, representing the FDA, on a civil matter ...

  Bloomberg DuPont Co. said it may need an additional three months to close its merger with Dow Chemical Co. as regulators around the world scrutinize a deal that would combine the two biggest US chemical makers. The updated timetable represents a change from the previous expectation that the transaction would be finalized in the first quarter of 2017. “We ...

  Bloomberg The euro-area economy expanded at a robust pace at the start of the year as inflation pressures increased, according to IHS Markit. A Purchasing Managers’ Index signaled quarterly growth of 0.4 percent, with broad-based expansion in both manufacturing and services, the London-based company said in a statement on Tuesday. Although the gauge slipped to 54.3 in January from ...

  Bloomberg Britain’s budget deficit narrowed in December as tax revenue jumped, putting Chancellor of the Exchequer Philip Hammond on course to meet his new fiscal forecasts. Net borrowing was 6.9 billion pounds compared with 7.2 billion pounds a year earlier, the Office for National Statistics on Tuesday. It left the shortfall in the first nine months of 2016-17 at ...

  Bloomberg Gazprom PJSC, the world’s biggest natural gas producer, is considering asset sales, freezing dividends and increasing its borrowing as export earnings wane, according to its three-year budget. The state-controlled company aims to raise 350 billion rubles (around $6 billion) from asset sales this year, while borrowing may climb to 288 billion rubles and more than double from that ...

  Bloomberg Asia’s oil refineries are turning to the North Sea for crude supplies like never before as their primary suppliers restrict output in an effort to eliminate a glut. Crude exports to Asia from the North Sea are poised to reach a record 12 million barrels in January, data compiled by Bloomberg show. Tankers hauling 9 million barrels from ...

  Bloomberg US oil advanced to trade above $53 a barrel as Iraq said it’s close to implementing its share of pledged output curbs agreed with OPEC to trim bloated global inventories. Futures rose as much as 1 percent in New York after dropping 0.9 percent on Monday. Iraq, the second-biggest OPEC producer, has reduced supply by 180,000 barrels a ...

  Bloomberg Cnooc Ltd. plans to raise capital spending for the first time since crude began its crash in 2014 as China’s biggest offshore oil and gas producer prepares for life after the slump and a second year of falling output. The Beijing-based explorer will increase expenditure, including in the Gulf of Mexico, to 60 billion to 70 billion yuan ...