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Bloomberg Pakistan’s fourth nuclear power plant went online on Wednesday, a joint collaboration with China that adds 340 megawatts to the national grid as part of the goverment’s efforts to end a growth-sapping energy deficit. Pakistan is one of the few developing countries pursuing atomic energy in the wake of the Fukushima nuclear disaster in Japan in 2011, as it ...

  Bloomberg The world’s No. 2 economy showed improvement in the fourth quarter with gains across all industries, according to the China Beige Book. Revenues, profits, jobs and capital expenditures improved from the third quarter while new orders were stable, according to the private survey released by CBB International, which collects anecdotal accounts similar to those in the Federal Reserve ...

  Bloomberg It was a tumultuous autumn for Jim Carr. Canada’s pipeline point man was a key player in decisions by Prime Minister Justin Trudeau’s government to approve a major liquefied natural gas project in September and a pair of crude-oil proposals from Kinder Morgan Inc. and Enbridge Inc. last month, preceded by a string of regulatory and environmental concessions ...

  Bloomberg Oil traded near the highest since July last year amid optimism OPEC and 11 other producing nations will cut output as promised, helping eliminate a global supply glut. Futures rose as much as 0.6 percent in New York, advancing for an eighth day in the longest winning streak in almost seven years. Crude inventories should return to equilibrium ...

  CAIRO / Reuters Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France’s Total, Britain’s BP, and Italian oil major ENI’s Egyptian subsidiary IEOC, the ministry said on Wednesday. The deals include drilling for six wells and a signing bonus of $9 ...

Bloomberg BP Plc will pay A$1.785 billion ($1.3 billion) for Woolworths Ltd.’s network of Australian gas stations in a deal that will cement the London-based oil company as one of the nation’s biggest fuel providers. The British energy company will acquire 527 fuel outlets that are currently supplied by rival Caltex Australia Ltd., as well as 16 development sites, according ...

  Bloomberg Mexico will raise gasoline prices by as much as 20 percent in January, stoking inflation that’s already running at the fastest pace in almost two years. A month after the increase is implemented, prices will start to adjust on a daily basis as the government loosens its control of the gasoline market, the Finance Ministry said in an ...

  Bloomberg The luxury Manhattan co-op, a longtime sign of real estate prestige and exclusivity in New York, may be losing its appeal. Blame a glut of newly built high-end condos. Contracts for co-op apartments priced at $4 million or more fell 25 percent this year from 2015, as buyers with means opted for newer homes with more amenities and ...

  Bloomberg UK house prices may only eke out a modest gain next year as economic growth weakens and a pickup in inflation squeezes consumers, according to Halifax. The mortgage lender sees housing demand easing in 2017, partly as tax changes and stricter underwriting standards restrict buy-to-let investment. It also highlighted the market in London, saying adverse affordability means the ...

  Bloomberg Supporters of Britain’s exit from the European Union wrote to business groups in the 27 other nations in the bloc urging them to push their governments for a “sensible agreement” for trade after Brexit to avoid disrupting trade. “Many EU member states export significant amounts of goods to the UK and the erection of barriers to this trade ...