Bloomberg The euro strengthened to a four-month high, and European bond spreads narrowed after leaders made progress in negotiating a historic stimulus package. European shares erased losses. Italy’s 10-year bond yield spread over Germany, a key gauge of risk in the region, fell to the lowest level since March. US equity futures pointed to a weaker open. AstraZeneca Plc gained ...

Bloomberg India stocks rose as investors focused on company earnings commentaries while weighing the impact of the continuing spread of coronavirus infections on the business outlook. The S&P BSE Sensex climbed 1% to 37,388.14, as of 10:08 am in India, after closing above a key technical barrier and capping its longest stretch of weekly wins since December. The measure’s 50-day ...

Bloomberg The world’s biggest money manager is joining a wave of global investors taking profits in Chinese equities after a historic rally, and plans to shift some of the funds to emerging markets that are in a more nascent stage of recovery. Gordon Fraser, co-head of global emerging markets equities at BlackRock Inc., began betting on stocks in countries such ...

Bloomberg Boeing Co. is running out of space to stash newly-built 787 Dreamliners, with jetliners seemingly tucked onto every available patch of pavement on airfields near its factories in Washington and South Carolina. Dozens of planes are sitting on the company’s premises, according to people familiar with the situation. Uresh Sheth, a much-followed blogger who meticulously tracks the Dreamliners rolling ...

Bloomberg Eskom Holdings SOC Ltd’s own mishandling of a repair contract led to the closure of its Camden power plant, a move that worsened power cuts by South Africa’s near-monopoly electricity provider, the company said. In its first detailed explanation of the shutdown, Eskom said the initial 635 million rand ($38 million) contract expired in 2018 amid questions about conflicts ...

Bloomberg Sunrun Inc, America’s largest residential-solar company, is about to become even bigger by acquiring one of its top rivals. The deal will also help redefine it as more than just an installer of rooftop panels and batteries. For Sunrun, buying Vivint Solar Inc is a way to accelerate a key objective: clustering thousands of batteries in dense areas that ...

Bloomberg Less than a month after emerging from bankruptcy triggered by a string of devastating wildfires in 2017 and 2018, PG&E Corp has now been found responsible for California’s biggest blaze of 2019. The California energy giant’s power lines sparked the Kincade fire which burned 77,758 acres and destroyed 374 structures in Sonoma County wine country, the California Department of ...

Bloomberg British Airways, the world’s biggest operator of Boeing Co 747-400s, is retiring its entire fleet of the jumbo jets with immediate effect because of the damage the coronavirus has done to air travel. “It is unlikely our magnificent ‘queen of the skies’ will ever operate commercial services for British Airways again due to the downturn in travel caused by ...

Bloomberg Rolls-Royce Holdings Plc has reached agreement with unions on up to 700 UK job cuts this year, with the rest of its planned downsizing made up by employees taking voluntary buyouts. The company announced in June it planned to eliminate 3,000 UK jobs this year. While more than that number applied for voluntary severance, the company will still make ...

Bloomberg Delta Air Lines Inc has proposed cutting the number of hours pilots fly each month by 15% to further reduce labour spending and help avoid involuntary layoffs as surging US coronavirus cases quash travel demand. The proposal offered to the Delta unit of the Air Line Pilots Association would remain in place for a year with hours flexing back ...