Bloomberg Crude fell as a sell-off in equity markets signalled a flight from riskier investments. Futures slid as much as 1.9 percent in New York. US stocks declined as China imposed retaliatory tariffs on US goods, the latest move in escalating trade dispute between world’s largest economies. At the same time, supply concerns that prompted hedge funds to increase bullish ...

Reuters The Iraqi cabinet approved a plan to raise the nation’s crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Oil Minister Jabar al-Luaibi said in January capacity was currently close to 5 million bpd. The country is producing more than 4.4 million bpd in line with an agreement between the ...

Bloomberg Adobe Systems Inc., the company best known for Photoshop, has lately been spending its time trying to figure out what makes consumers tick. The software maker has been quietly undertaking a project to help corporate customers automate their marketing efforts, part of an accelerated push into artificial intelligence. Called Perfect Path, the prototype system aims to use massive amounts ...

Bloomberg Time Warner Inc.’s attorneys launched a withering attack on the US government’s evidence that its proposed sale to AT&T Inc. could trigger large subscriber losses for pay-TV rivals and lead to an abuse of leverage in programming deals. On the fifth day of the Justice Department’s antitrust trial to stop the deal, Time Warner said the US’s expert estimates ...

Bloomberg Facebook Inc. is conducting a broad review of all its data practices and taking a much more conservative stance on some policies, moves that could limit advertisers’ ability to target users on the social network, according to people familiar with the matter. As part of the changes that will be rolled out over the next few weeks, Facebook said ...

Bloomberg Starwood Capital Group offered to buy Victoria Park AB in a $1 billion deal that would give the US investment firm a foothold in Sweden’s rented-residential real estate market. The cash offer to shareholders in Victoria Park values the Swedish company at about 8.68 billion kronor, Starwood said in a statement to the stock exchange in Stockholm. Victoria Park ...

Bloomberg Infiniti is recharging its attack on BMW and Audi. The Nissan Motor Co. premium brand wants to use the structural changes enabled by the industry’s shift toward electric and self-driving cars—such as a larger cabin and fewer components under the hood—as a chance to inject a Japanese touch of simplicity and space into its models. That entails a minimalist ...

The market creates income inequality; governments reduce it through taxes and social transfers. That’s the conventional picture — only it doesn’t work as well as it used to, and new ways of fighting inequality are needed, likely focusing on moving more people into better-quality jobs. In a recent paper (and a shorter blog post), two economists at the Organization for ...

Call it the carrot and stick. After the National People’s Congress repealed presiden- tial term limits, allowing Xi Jinping to rule beyond 2023, China’s 64-year-old leader is handing out some nice sweeteners. Two major announcements show the pace of financial reform is quickening. As Bloomberg News reported in January, China will indeed merge its banking and insurance watchdogs. At the ...

Active investment managers argue that increased market volatility provides an environment in which their stock-picking skills can shine. The world’s largest pension fund wants them to put their money — or rather their fees — where their collective mouths are. Japan’s Government Pension Investment Fund (GPIF), which has about 163 trillion yen ($1.5 trillion) of assets, is changing how it ...