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  Bloomberg Indonesia, under pressure to rein in its budget deficit, plans to sell minority stakes in some of the nation’s airports and ports to private investors as President Joko Widodo seeks investment to fund his ambitious infrastructure agenda. The government intends to sell as much as 45 percent in 10 airports and 20 ports but will retain state control ...

  Bloomberg Coca-Cola and PepsiCo face a wave of new soda taxes after four US cities voted to pass the measures, part of an escalating war on sugary drinks. Proposals to slap a 1-cent-per-ounce tax on sugar-sweetened beverages are poised to pass in the California cities of San Francisco, Oakland and Albany. In Boulder, Colo., meanwhile, a 2-cents-per-ounce tax is ...

  Bloomberg American Airlines Group Inc. plans to install faster Wi-Fi on 500 more aircraft in its domestic fleet, bolstering an earlier order for ViaSat Inc. while dealing a blow to current service provider Gogo Inc. American has more than 1,100 aircraft with Wi-Fi service, a number the airline said gives it one of the largest Wi-Fi-equipped fleets in the ...

  Bloomberg Deutsche Bank AG expects mergers and acquisitions to pick up in the Middle East and Africa next year after a ‘subdued’ 2016, according to the head of the company in the region, Jamal Al Kishi. Deals and initial public offerings will add to accelerating debt sales as governments seek to fill budget gaps caused by the oil slump, ...

  New Delhi / AFP Long queues formed outside banks in India on Thursday as they reopened for the first time since the government’s shock decision to withdraw the two largest denomination notes from circulation. Some banks in the capital New Delhi had received the new 2,000 rupee ($30) bill and a number of ATMs were working again, two days ...

  Bloomberg The rupee rose to a two-month high as foreign investors piled into Indian assets and Goldman Sachs Group Inc. said the government’s crackdown on unaccounted wealth will boost the nation’s bonds and currency. In India’s most extensive anti-graft operation in almost four decades, Prime Minister Narendra Modi late Tuesday decided to ban 500 rupee ($7.50) and 1,000 rupee ...

  Bloomberg New Zealand’s central bank cut interest rates to a fresh record low and said it has probably done enough to return inflation to target as economic growth quickens. “At this stage we think that we won’t need another cut,” Reserve Bank Governor Graeme Wheeler told a news conference in Wellington on Thursday after lowering the official cash rate ...

  Bloomberg European lenders got a second-day boost after Donald Trump’s presidential win on speculation his term will lead to increased inflation and an easing of financial rules. The leaders of the rally that pushed Europe’s shares up for a fourth day were UBS Group AG and Credit Suisse Group AG, which get more than 35 percent of their revenues ...

  AFP Output by OPEC oil producers has reached record levels, the International Energy Agency said on Thursday, raising fears a global oil glut will continue to weigh on markets unless the cartel agrees on a cut. Production by the 14 members of OPEC rose to a record 33.83 million barrels a day in October, the IEA said, just weeks ...

  Bloomberg Saudi Arabian Oil Co., the world’s largest crude exporter, is among second-round bidders for a Turkish fuel retailer owned by OMV AG, central Europe’s biggest oil and gas company, according to three people with direct knowledge of the matter. HSBC Holdings Plc is advising the Saudi company on the potential acquisition of Istanbul-based OMV Petrol Ofisi AS, Turkey’s ...