Bloomberg South Africa’s main stock benchmark swung between gains and losses as investors responded to the possibility that the US is heading for a contested election. The benchmark index was 0.9% higher as of 10:04 amin Johannesburg, after falling as much as 0.8%. An index of South African banks slid as much as 3.6% as the rand weakened against the …

Bloomberg Oil rises as broader markets rallied and Opec+ inched closer to delaying a planned easing of output cuts. Futures in New York traded near $38 a barrel after climbing 3.3%, extending gains from the previous session. Equities strengthened ahead of the US election, while the dollar lost 0.5%, adding to positive sentiment in crude. Russian oil companies met Energy …

Bloomberg The Dutch natural gas market is reinforcing its position as one of the most important trading hubs in the world. Trade on the Dutch Title Transfer Facility (TTF), as the market is known, is surging as Europe increased imports from Russia, Norway and further afield via liquefied natural gas tankers. Natural gas futures open interest, a tally of outstanding …

Bloomberg Royal Dutch Shell has acquired full control of one of its gas station joint ventures in China as the oil major doubles down on the fuel retailing market in the world’s second-largest economy. Shell has agreed to buy the stake it didn’t already own in Chongqing Doyen Shell Petroleum & Chemical Co and completed the deal on October 19, …

Bloomberg Ryanair Holdings Plc said losses are set to worsen this winter as a new wave of coronavirus lockdowns frustrates attempts to bring back flights at Europe’s biggest discount carrier. The shortfall in the fiscal second half, which began on October 1, is set to exceed the 197 million-euro ($229 million) loss of the first six months, Ryanair said in …

Bloomberg Pilot unions and families of those killed in a crash of Boeing Co’s 737 Max are asking for revisions to proposed new training for the grounded jetliner. The Federal Aviation Administration’s (FAA) proposed new training module and emergency checklists for the Max are “clunky at best” and should be streamlined, the Southwest Airlines Pilots Association said in comments filed …

Bloomberg All airlines are feeling the coronavirus pinch but one that hasn’t flown since April 2019 after collapsing under a pile of debt is the world’s best performing — at least from a share price point of view. Stock in Mumbai-listed Jet Airways India Ltd has surged almost 150% this year versus a 42% plunge in the 27-member Bloomberg World …

Bloomberg Spain’s Ciudad Real airport had become almost obsolete before the Covid-19 outbreak, operating mainly as a drop-off point for hunting enthusiasts keen to visit the region’s renowned country estates. The arrival of the coronavirus ended even that trickle of demand, tearing up the growth plans of the owner, CR International Airport SL. But rather than face the prospect of …

Bloomberg Comair Ltd, the South African partner of British Airways, said it secured financing from banks, paving the way for the resumption of flights in December. The lenders, which weren’t identified, will provide the airline with new debt facilities and defer interest payments on existing debt, according to a company statement. Comair has also reached an agreement with labor unions, …

Bloomberg China’s biggest state-owned banks are still plagued by a surge in bad loans even as an early containment of the pandemic and a recovery in the world’s second-largest economy helped them trim profit declines. Net income slid less than 5% at Industrial & Commercial Bank of China Ltd. (ICBC) and its three largest rivals in the three months through …