Bloomberg OK, Wall Street, back to work. The stock market crash you feared while guiltily snoozing through August on the beach may not have materialised but there are a few things you need to know about. First the good news. While firms from Goldman Sachs to Voya Asset Management warned everyone in July about the risk of late-summer turbulence and ...

Bloomberg Russia kept pumping oil near post-Soviet records last month as it reaped benefits from a deal with OPEC easing output caps and oil prices at an all-time high in rubles. The nation extracted an average of 11.21 million barrels of crude per day in August, according to data emailed by the Russian Energy Ministry’s CDU-TEK unit. Volumes were little ...

Bloomberg Both Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn found themselves under fire as British lawmakers prepared to return to work this week. For May the issue was Brexit. Her proposed agreement was attacked by European Union negotiator Michel Barnier, who said he “strictly” opposed it. It was derided by her former Brexit Secretary David Davis, ...

Bloomberg Prime Minister Theresa May’s Brexit strategy has come under fresh fire, this time from a senior lawmaker in her own party who opposes a hard departure from the European Union. Most of the criticism of May’s cabinet-backed “Chequers Plan” has come from Conservatives linked to the European Research Group, which seeks maximum distance from the EU and is pushing ...

Bloomberg Senate Democrats criticised the withholding of documents ahead of Tuesday’s start of confirmation hearings for President Donald Trump’s Supreme Court nominee Brett Kavanaugh, even as a top Republican predicted he would be approved by a healthy margin. Senate Majority Leader Chuck Schumer of New York said in a tweet that the decision to hold back more than 100,000 pages ...

Bloomberg Former presidents George W. Bush and Barack Obama led a final, public farewell to John McCain, praising the Arizona senator as the embodiment of America at its best—yet it was powerful comments by McCain’s daughter that may be most remembered. “So much of our politics, our public life, our public discourse, can seem small and mean and petty, trafficking ...

Bloomberg Across the continent, from Finland to Portugal, Emmanuel Macron is leading the charge against Europe’s nationalists. He might want to look closer to home. In western France, Marion Marechal has ambitions to train the next generation of anti-establishment, anti-European French leaders. From September, Marechal is starting her own graduate school, where she’ll seek to shape the politicians of the ...

Bloomberg South Korean President Moon Jae-in will send both his national security adviser and top spy as special envoys on a one-day mission to Pyongyang on Wednesday ahead of a possible inter-Korean summit this month. President Moon named a five-member delegation to North Korea on Sunday, led by National Security Office chief Chung Eui-yong, Yonhap News Agency cited Blue House ...

Bloomberg Mercuria Energy Group Ltd. revealed how much each of its top executives and founders control of its parent company offering a rare glimpse into the ownership structure of one of the world’s largest energy traders. In an application seeking permission for a US subsidiary to export electricity to Mexico, Mercuria included a detailed list of its shareholders. The obscure ...

Bloomberg UK investment firm Wren House Infrastructure Management is considering buying the remaining 70 percent of Spain’s Global Power Generation SA that it doesn’t already own, according to people with knowledge of the matter. The potential deal could be valued at more than $1 billion, the people said, declining to be identified as the deliberations are confidential. London-based Wren House ...