Bloomberg If you don’t like the weather, wait a few minutes. That’s how it’s been in the 2018 stock market, where the S&P 500 just rebounded from a 1 percent intraday loss for a third time this year. The turnaround followed three consecutive days of 1 percent declines, a stretch not seen since the start of 2016. It’s not just ...

Reuters Gulf stock markets were mixed at Sunday’s close, with Abu Dhabi and Dubai ending the day in a narrow range, while the Saudi stock market dropped 0.57 percent, amid weakness in energy and financial stocks. The Gulf market took little respite from a rise in oil prices and a rebound for Wall Street stocks on March 2 and following ...

Bloomberg In front of the Petroleum Club of Midland, Texas — capital of the booming Permian shale region — an electronic display flashes two crucial pieces of information: the oil price and the number of drilling rigs. For the past year, both figures have been climbing as OPEC oil production cuts led to higher prices, spurring added drilling activity in ...

Bloomberg Climate change is critical to future energy markets but its effect on Chevron Corp.’s oil and gas business will be minimal for decades to come, according to a company report. With the prospect of tighter emission controls, carbon pricing and growth in renewable energy, some investors and activists are pushing companies to reveal the potential impact on their businesses. ...

Bloomberg Libyan oil is gushing again with production and exports surging to the highest in years. Despite unresolved domestic conflicts that first erupted after the ouster of dictator Muammar Qaddafi, Libya has somehow found a way to get its crude flowing. Already this year, it’s secured commitments from some of the world’s biggest energy companies, including at least three new ...

Bloomberg The European Union may beef up a plan to screen foreign investments as China’s pursuit of acquisitions abroad fosters political unease in the bloc, according to a key EU lawmaker. Franck Proust, a French member of the European Parliament, said the assembly and EU governments may reach an agreement by year-end on the first bloc-wide rules meant to prevent ...

Bloomberg Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter. Deliberations at a recent meeting included changing the division’s legal structure to a private limited company under ...

Bloomberg UK Prime Minister Theresa May spoke to First Minister of Scotland Nicola Sturgeon and First Minister of Wales Carwyn Jones after setting out her Brexit priorities and plans for trade relations in a London speech. May told the leaders the UK would seek “customs arrangements that would lead to as frictionless trade as possible with our European neighbours, as ...

Bloomberg Embattled Anbang Insurance Group Co.’s plan to convert much of Manhattan’s Waldorf Astoria hotel into luxury condos has been the subject of speculation from Wall Street earnings calls to the pages of the New York Post. Now, evidence that the project is going forward is emerging from an unlikely source: a moving van owned by a little-known religious group. ...

Bloomberg In case you were wondering why three out of the nine companies attending President Donald Trump’s metal-tariff announcement were foreign, this map has the answer. Steel plants owned by non-American companies such as ArcelorMittal account for a large chunk of total US production, with the Luxembourg-based company’s plants alone representing about 16 percent, according to Bloomberg Intelligence. Other foreign ...