Bloomberg Stocks rallied with bonds on Tuesday as comments from ECB officials added fuel to investors’ hopes for easier monetary policies from the world’s biggest central banks. Futures on the S&P 500, Nasdaq 100 and Dow Jones indexes advanced along with the Stoxx Europe 600, while Japan’s Topix bucked the trend as most Asian gauges rose earlier. The euro turned ...

Bloomberg MoneyGram International Inc soared as much as 155 percent in early trading after a tie-up with blockchain-technology company Ripple. The rally is reminiscent of late 2017, when a wave of small-cap stocks saw valuations multiply as they re-branded as blockchain companies. The difference is that MoneyGram is an established company with about 2,400 staff and $1.4 billion in annual ...

Bloomberg The Trump administration is on track to obliterate former President Barack Obama’s signature plan for combating climate change by replacing sweeping curbs on power plant emissions with requirements for modest upgrades at the sites. The Environmental Protection Agency is set to unveil its rewrite of the Clean Power Plan as soon as Wednesday, finalising a replacement rule that would ...

Bloomberg Investor confidence in Germany’s economic outlook worsened dramatically in June after the Bundesbank predicted the economy will shrink this quarter. An index measuring prospects for the next six months fell to -21.1 in June, a far worse reading than economists expected. The decline indicates increased pessim-ism after solid first-quarter growth, and comes as the ECB debates if it needs ...

Bloomberg Volkswagen AG is stepping up the pace of its digital transformation with a plan to pool some 5,000 digital experts into a single unit that will develop “vw.os,” a uniform software operating system across all new models. Chief Executive Officer Herbert Diess has mapped out a “massive expansion” in software and digital investments, and the manufacturer earlier this year ...

Bloomberg Infineon Technologies AG raised about 1.55 billion euros ($1.74 billion) in a capital increase to help finance its acquisition of Cypress Semiconductor Corp. The German chipmaker, which analysts have said may be paying too much for its US rival, sold about 113 million new shares at 13.70 euros each, the company said on Tuesday in a statement. The price ...

“It is a great advantage to a president,” said the 30th of them, “and a major source of safety to the country, for him to know he is not a great man.” Or, Calvin Coolidge would say today, a great woman. While today’s incumbent advertises himself as an “extremely stable genius” and those who would replace him promise national transformation, ...

The hunt for a scapegoat for the collapse of the merger talks between Fiat Chrysler Automobiles NV and Renault SA is in full cry. There’s furious leaking on all sides: The Italians blame the French, the French blame Fiat and the reluctance of Renault’s partner Nissan Motor Co Ltd. to bless the deal. A lot of people on both sides ...

Believe what you want to believe: Japan’s machines are humming, or heading for trouble. There’s support for both points of view. For months, Japan watchers have been waiting for business activity to drop. However, core machine orders, which typically point to future spending, have continued to rise, as have industrial output and capital spending. Machinery orders in April came in ...

Theresa May will be remembered as the prime minister who couldn’t deliver Brexit. But she also leaves her successor another testing legacy: her failure to confront what she has called the UK’s “burning injustices.” Britain is a rich country by any definition, but it scores badly on a range of social measures. Income inequality is higher than in many comparable ...