Bloomberg Stocks advanced alongside US equity futures as plans for more American stimulus revived investor sentiment. A gauge of European corporate debt risk fell the most in two months. Carnival Plc and EasyJet Plc rallied more than 7%, helping lead gains in the Stoxx Europe 600 Index. The dollar weakened against almost all of its major peers. The pound climbed …

Bloomberg Indian equities pared gains, while the rupee and sovereign bonds declined, after a skirmish between the nation’s soldiers and Chinese troops in a border area reignited geopolitical risks. The benchmark S&P BSE Sensex index rose 1.1% as of 2:32 pm in Mumbai, after earlier climbing as much as 2.4% after the Indian army said three soldiers died in the …

Bloomberg Global fund managers are starting to return to Vietnam’s stocks as the Southeast Asian nation emerges relatively little scathed from the coronavirus pandemic. Firms including Ashmore Group Plc and Coeli Asset Management SA have increased holdings in the $174 billion market since March, while foreign investors have been net buyers so far this month — a first since January …

Bloomberg Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery. Futures traded near $35 a barrel in New York, sinking in tandem with equity markets, after losing 8.3% last week. Beijing closed the city’s largest fruit and vegetable supply …

Bloomberg Extraction Oil & Gas Inc filed for bankruptcy with plans to hand ownership to its creditors, becoming the latest producer to succumb to the energy industry’s slump. Some of Extraction’s noteholders agreed to swap unsecured debt for equity, according to a statement. The Denver-based company sought court protection in Delaware after skipping a May 15 interest payment on its …

Bloomberg South Africa’s Department of Mineral Resources and Energy took another step towards building a new nuclear-power program. The department issued a request for information for 2,500 megawatts of capacity, the ministry said in a statement. Submissions will close on September 15. “This will enable the department to gain insight into the cost of the program, possible ownership structures, cost …

Bloomberg EasyJet Plc said a travel restart in the UK is lagging behind the rest of Europe because a 14-day quarantine for people arriving in Britain puts off would-be travellers from flying. The Luton, England-based carrier is seeing strong demand away from its home market, Chief Executive Officer Johan Lundgren said in a Bloomberg TV interview on Monday. EasyJet, which …

Bloomberg German airline Condor will cut about 15% to 25% of its staff in an attempt to slash operating costs amid the ongoing coronavirus crisis, CEO Ralf Teckentrup told Frankfurter Allgemeine Sonntagszeitung. The carrier formerly owned by failed travel firm Thomas Cook Group Plc plans to shed “between 650 and 1,000 jobs,” a move Teckentrup said was in line with …

Bloomberg UK lawmakers lashed out at British Airways over plans for 12,000 job cuts, saying the carrier had sought to exploit the coronavirus crisis to slash headcount and weaken employment terms for remaining staff. The House of Commons transport committee said in a report on the pandemic’s impact on aviation that while some workforce reductions were inevitable, BA had made …

Bloomberg Asia’s largest retailer is betting that it has the right product at the right time: a Uniqlo face mask. Fast Retailing Co, operator of the clothing stores, will begin selling reusable face masks in Japan this week. The masks, which will sold in sets of three and retail for 990 yen ($9), aim for both performance and comfort, the …