Bloomberg European stocks climbed to a four-month high and German equities erased losses for the year after leaders agreed on a landmark recovery plan. Markets across the region are giving a vote of confidence to the 750 billion euros ($860 billion) stimulus package. Italy’s stock benchmark added 2%, leading gains among local exchanges. A gauge of risk in Europe’s investment-grade …

Bloomberg Hong Kong Exchanges & Clearing Ltd. surged as much as 9.5%, its biggest jump in five years, after billionaire Jack Ma’s Ant Group announced plans to seek a dual listing in Hong Kong and Shanghai, bypassing New York. Ant Group is seeking a valuation of more than $200 billion as it goes public, and could raise more if market …

Bloomberg India stocks advanced, tracking Asian peers, as promising results in early trials for a coronavirus vaccine and a positive start to local companies’ earnings season bolstered optimism. The S&P BSE Sensex climbed 0.9% to 37,766.99 as of 10:10 am in Mumbai, set for a fifth straight session of gains that’s taken it above its 200-day moving average. The NSE …

Bloomberg Billionaire Jack Ma’s Ant Group is seeking a valuation north of $200 billion as it goes public in Hong Kong and Shanghai, kicking off a much-anticipated market debut for China’s leader in internet finance. The parent of China’s largest mobile payment company will pursue a simultaneous dual-listing in Hong Kong and on the Shanghai stock exchange’s STAR board, the …

Bloomberg Oil extended declines towards $40 a barrel as concerns about demand linger with coronavirus raging across many regions. Infections flared by a record in Hong Kong, and Los Angeles is on the brink of another stay-at-home order. New cases have accelerated in California, although the pace of deaths slowed in Arizona and Florida. The concerns were reflected in equity …

Bloomberg The European Union’s most coal-reliant country has a controversial new strategy for its 400 billion-euro ($456 billion) green push: bulk up the Polish state oil company and let it lead the transformation. Poland announced plans to build an energy champion with the financial heft to drive the overhaul by combining refiner PKN Orlen SA and gas group PGNiG SA. …

Bloomberg Chevron agreed to buy Noble Energy Inc for about $5 billion in shares. The takeover is the first major deal since the coronavirus triggered a severe oil slump. It’s a clear vote of confidence in the future of the US shale industry even as it struggles to adapt to lower crude prices. “Our strong balance sheet and financial discipline …

Bloomberg Airbus SE called for increased UK investment in sustainable aviation to supplement budgets strained by the coronavirus crisis and help safeguard the country’s position as a major player in the industry. Chief Executive Officer Guillaume Faury, speaking on a panel on Monday for the virtual Farnborough Air Show, said Britain has put advances in decarbonisation and digitisation high on …

Bloomberg Even in a world of retail upheaval, J Jill Inc has had a more dramatic ride than most — and that was before the pandemic. Just three years after a highly anticipated initial public offering, J Jill’s stock is flirting with zero and the company is trying to fend off bankruptcy. The women’s clothing chain warned its survival was …

Bloomberg Global airline passenger demand won’t recover to pre-coronavirus pandemic levels until the end of 2023, and only then if effective vaccines and medicines are available, according to Moody’s Investors Service. The recovery for airlines and airports will be largely aligned, followed by aircraft lessors as carriers return fleets to service, Moody’s analysts including Jonathan Root wrote in a report. …