Bloomberg America’s surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less. Almost all the independent producers have reduced their budgets for 2019, but many still expect to deliver double-digit growth in production this year, fourth-quarter earnings reports show. Growth is slowing but still strong: the US will add …

Bloomberg Brexit is threatening to spoil the appeal of the UK’s crude in the world’s biggest regional oil market. Seoul-based SK Innovation Co., an Asian buyer of North Sea Forties crude, sees a lower probability of purchases if the UK and South Korea don’t roll over an existing trade deal before Brexit. That’s after British Business Secretary Greg Clark admitted …

Bloomberg Singapore home prices are unlikely to stage a rapid rebound after the government imposed further property curbs in mid-2018, the finance chief of the city-state’s largest developer said. “If we see a 5 percent increase in home prices I think that will be a pretty good year for the Singapore residential market,” CapitaLand Ltd. Chief Financial Officer Andrew Lim …

Bloomberg US equity futures struggled for direction and stocks in Europe and Asia climbed as investors awaited the release of minutes from the latest meetings of two of the world’s key central banks. The dollar edged higher and the yuan rose after a report America is asking China to keep its currency stable. Contracts on the Dow Jones and S&P …

Bloomberg As suddenly as it rolled in, the crisis of confidence that shook Chinese stocks last year may be ending. The rally since January has added more than $893 billion to the value of the country’s equities, lifting Shenzhen’s risky startups and state-backed giants alike. The rebound has been so quick and widespread that it’s already triggered signs of overheating …

Bloomberg As Samsung Electronics Co. unveils the next generation of its smartphones on Wednesday, investors will no doubt be looking for a better showing from the mobile giant after a difficult 2018. Based on the hot start from Samsung shares, they already seem to be counting on South Korea’s biggest stock to succeed. It has surged 21 percent so far …

Bloomberg In the world of multibillion dollar defense contracts, India stands out. Home to one of the biggest armed forces on the planet, the country has an uneasy co-existence with neighbours Pakistan and China. Its rapidly aging fighter jets make it a lucrative potential prize for the likes of Lockheed Martin Corp. and Boeing Co. While India wants to upgrade …

Bloomberg Britain will impose a 5 kilometer (3.1 mile) drone exclusion zone around its runways as the government responds to illegal incursions that closed London Gatwick airport for 36 hours in December, disrupting travel for more than 120,000 people. The measures, taking effect March 13, extend the current 1-kilometer no-fly zone for unmanned and model aircraft, the Department for Transport …

Bloomberg Air France-KLM Group’s French pilots approved a pay deal, putting an end to last year’s labour conflict and handing Chief Executive Officer Ben Smith more freedom to define his new strategy. The accord, hammered out during months of talks between management and unions, was approved by 85 percent of pilots, the SNPL union said in a phone message. It …

Bloomberg Walmart Inc. finally gave the US retail sector some good news. The company brushed off the industry’s disappointing December sales with its best holiday quarter in at least a decade, soothing concerns about the sector’s outlook for 2019. Comparable sales for Walmart stores in the US — a key performance barometer — rose 4.2 percent in the quarter that …