On one side of the Atlantic, Tesla Inc. is capitalising on its soaring share price by selling $2 billion in stock so it can build more electric vehicles. On the other, French manufacturer Renault SA has been forced to cut its dividend by 70% and announce a big reduction in fixed costs so it can afford to do the same. ...

Like many of you, I’m sure, I read Ross Douthat’s essay on “The Age of Decadence” in Sunday’s New York Times while sprawled on a chaise, picking at my smashed avo and laudanum. Stirring from the languor, I wondered: How does energy fit with this thesis? Our energy system is decadent at a fundamental level. Roughly four fifths of what ...

The decision to exclude shares of China’s biggest e-commerce company from a cross-border trading link is a blow to Hong Kong. Is it a punishment, or simple self-interest at work? The answer matters, both for the city’s exchange and for Alibaba Group Holding Ltd. Alibaba can’t be included in the stock connect program linking Hong Kong with the Shanghai and ...

When bankers fret about contagion, it’s usually the financial kind. DBS Group Holdings Ltd. is battling a different outbreak. The full-year results of Singapore’s largest lender are pre-coronavirus. Still, they offer clues to what investors in banks with pan-Asian heft — including HSBC Holdings Plc, Standard Chartered Plc and Citigroup Inc. — should be watching. A day before its earnings ...

Bloomberg US equity-index futures fell along with European stocks on Tuesday after Apple Inc said quarterly sales would miss forecasts, spooking investors who had hoped for a limited economic impact from the deadly coronavirus. Treasuries rose as American markets re-opened after a holiday. Contracts on the three major US equity benchmarks dropped, with Apple shares slumping as much as 4.2% ...

Bloomberg India’s stock benchmark declined for a fourth straight day, with disruptions from the coronavirus outbreak clouding the outlook for an economy already facing its weakest expansion in 11 years. The S&P BSE Sensex Index fell 0.4% to close at 40,894.38 in Mumbai, its longest losing streak in more than four months, after sliding as much as 1.1%. The NSE ...

Bloomberg Binance Holdings Ltd, operator of one of the world’s largest crypto exchanges, has applied for an operating license in Singapore under the government’s new payments legislation. “We have already applied,” Binance co-founder and CEO “CZ” Zhao Changpeng said in a phone interview. “We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local ...

Bloomberg With just one business left, Bombardier Inc has officially declared its selling spree over. The Montreal-based company, which once made everything from snowmobiles to commercial aircraft, will focus solely on corporate jets following its announcement of two separate deals to sell off parts of its business in less than a week. And with the proceeds earmarked towards reducing a ...

Bloomberg Vietnam’s Bamboo Airways expects to buy 12 Boeing Co. 777X jumbo jets in the second quarter, according to chairman Trinh Van Quyet, in what would be a multi-billion-dollar boost for the US planemaker after it failed to win a single order for any of its aircraft in January. A deal that size would be valued at almost $5 billion ...

Bloomberg Singapore Airlines Ltd will cut more flights across its global network through May as the outbreak of the novel coronavirus discourages people from travelling. The carrier and its SilkAir unit will reduce flights to cities including New York, London, Frankfurt, Tokyo and Sydney, according to a statement on its website on Tuesday. The company warned that it faces “significant” ...