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  Bloomberg China International Capital Corp., the investment bank ex-Premier Zhu Rongji set up two decades ago to help restructure the Chinese economy, is again taking on a role that fits with the government’s agenda. CICC’s $2.5 billion acquisition of China Investment Securities Corp. will plunge the firm into the retail investor market, a segment it had long shunned because ...

  Bloomberg BlackRock Inc., the world’s largest money manager, said that market turmoil resulting from Donald Trump’s presidential victory may cause the Federal Reserve to hold off on an interest rate increase in December. “Any Fed delay in raising rates is a near-term negative,” according to a bulletin released by the New York-based company. Prior to the result, the Fed ...

  Paris / AFP Diplomatic wrangling this week will make the headlines in the fight against climate change, but experts say a bigger but largely unseen battle is set to unfold on the world’s farms. Agriculture holds the double distinction of being highly vulnerable to climate change but also offering a solution to the problem, they say. In a report ...

  Bloomberg Whether it’s cranes photographed at the harbour or a car framed against a sunset, Kay Palapies has become famous for his images reflected in puddles. The German has amassed more than 17,000 followers on Instagram, the video and photo-sharing platform that has become much more than just a place for narcissists to admire themselves. As well as beauty ...

  Bloomberg The companies that drill black gold are going a little bit green: taking stakes in renewable energies that are growing rapidly, enabling oil firms to diversify revenue and show commitment to fighting climate change. In the past, such swings have been written off by environmental campaigners as greenwash, and just as likely to be reversed once low oil ...

  Bloomberg Libya’s largest oil export terminal may re-open as early as next week in a move that would provide relief for the cash-strapped country holding Africa’s largest crude reserves. Tankers may be able to load at Es Sider port by next week as maintenance work at the terminal is almost complete, a National Oil Corp. official said by phone ...

  Bloomberg Iran boosted oil output at three western fields faster than it expected as rival OPEC producer Saudi Arabia called for a collective output cut later this month to help rebalance the market. Output at the fields west of the Karoun River, near Iran’s border with Iraq, rose to about 250,000 barrels per day from 65,000 barrels in 2013, ...

  AFP Saudi Arabia’s oil minister said it was “imperative” that OPEC nations finalise an agreement over a cut in oil production aimed at boosting crude prices, Algerian media said on Sunday. Khalid al-Falih met his Algerian counterpart Noureddine Boutarfa on Saturday and called on cartel members to stick to the surprise cut deal, reached in Algiers in September. “In ...

  Bloomberg Rich countries must close all their coal-fired power plants by 2030 to have a chance of holding global warming to tolerable levels, a report from an environmental research group said. China would have to phase out the most polluting fossil fuel by 2040 and the rest of the world by 2050, according to Climate Analytics, a Berlin-based non-profit ...

  Bloomberg Donald Trump’s rise is the latest setback for India’s ambition to become a factory for the world. Having missed the export-driven steam-boat that transformed China and fellow East Asian economies over the past several decades, India under Prime Minister Narendra Modi had pinned hopes on an ambitious “Make in India” campaign to make up lost ground. With the ...