(Bloomberg) — Singapore can stabilize wild swings in power prices without needing to impose state control over the energy market, according to a government minister. Read More
(Bloomberg) — Japanese trading giants Mitsui & Co. and Mitsubishi Corp. wrote off a combined 218 billion yen ($1.7 billion) linked to their investments in a Russian liquefied natural gas project. Read More
BP has reported massive profits for the three months to June after oil and gas prices soared. The energy giant saw underlying profits hit $8.45bn (£6.9bn) – more than triple the amount it made at the same time last year. The figure is the second highest in the firm’s history and takes its half-year profits […]
BP Plc accelerated share buybacks to the fastest pace yet as it plans to repurchase another $3.5 billion of shares and hike its dividend after profits surged in the second quarter. James Herron reports on Bloomberg Television.
US House Speaker Nancy Pelosi is expected to defy threats from China by landing in Taiwan on Tuesday evening as part of a trip that would make her the highest-ranking American politician to visit the island in 25 years. Cindy Wang reports on Bloomberg Television.
Liz Truss has said she wants to save taxpayers’ money by scrapping diversity roles and ending national pay deals. The Tory leadership candidate wants to link civil servants’ pay to living standards where they work, meaning similar jobs could have different salaries depending on location Ms Truss says that the scheme could be rolled out […]
British Airways has suspended ticket sales on short-haul flights from Heathrow until 8 August after the London airport’s decision to cap capacity and tackle widespread disruption and cancellations. The airline said the sales suspension on domestic and European destinations was designed to allow existing customers to rebook flights when needed. Airlines and airports across Britain […]
John Woods, Asia Pacific CIO at Credit Suisse, discusses the impact of Nancy Pelosi’s visit to Taiwan on equity markets, China’s property sector and inflation in the US. He speaks on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business […]
Laura Lane, executive vice president and chief corporate affairs officer at UPS, discusses supply chain challenges, how the company is adapting to those challenges and the firm’s commitment to global trade. She speaks on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us […]
The Reserve Bank of Australia has raised its key interest rate by 50 basis points to 1.85% as expected by most economist surveyed by Bloomberg. Yousef Gamal El-Din and Manus Cranny report on “Bloomberg Daybreak: Middle East.”