Bloomberg Trucking firms like Caravan Roadways Ltd., which has more than 500 brightly-painted vehicles crisscrossing India, were meant to see immediate benefits from the biggest tax reform in India’s modern history. But the chaotically-implemented goods and services tax is derailing the government’s revenue target and hasn’t much improved trade within Asia’s No. 3 economy. “Suspicious states”—anxious to retain pre-GST earnings—are ...

Bloomberg The dollar snapped its longest losing streak since September and US stocks climbed to record highs for a second consecutive day ahead of the release of minutes from the Federal Reserve’s December policy meeting. The Standard & Poor’s 500 Index rose past 2,700 for the first time, while the Nasdaq Composite Index also reached a record as a report ...

Reuters Most major Gulf stock markets rose on Wednesday as some buyers returned from New Year holidays, and shares in Dubai’s blue chip Emaar group rebounded for a second straight day. Egypt lagged, however, led lower by a few blue chips. Dubai’s index added 1.4 percent to 3,459 points in rising volume as Emaar Properties gained a further 2.9 percent. ...

Bloomberg Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market. As the world’s second-biggest economy buys more, crude shipments from the Baltic Sea port of Primorsk will be cut, according to industry consultant FGE. The reduction will push up the price of varieties available for sale to ...

Bloomberg America’s power grid is starting to show signs of fatigue as the nation grapples with a record-breaking cold snap. Some power plants in New England that have been burning oil are running short on fuel, according to Marcia Blomberg, a spokeswoman for ISO New England Inc., the region’s grid operator. Restrictions governing air emissions are also a factor limiting ...

Bloomberg A little-known New Jersey firm that, as recently as 2011, specialized in renewable energy projects just became the latest to join the blockchain and cryptocurrency craze. The penny stock TGI Solar Power Group Inc. said in a statement that it planned to get involved in the “Blockchain and Crypto hot commodity market.” The news sent TGI’s shares more than ...

Bloomberg Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in US shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps Silicon Valley will usher in the end of the combustion engine? After ending 2017 at a two-year high, oil prices could ...

Bloomberg This is the year when the biggest political and economic conundrum to face the UK in modern times will be solved, further complicated or even abandoned in all but name. Within 10 months, the British government and European Union aim to have an agreement on their divorce and at least the outline of their future trading relationship. They have ...

Bloomberg Germany’s unemployment rate fell to a record low as the number of people out of work slid for a sixth month, reflecting a boom in Europe’s largest economy that could push up wages and inflation. The jobless rate was 5.5 percent in December, and the previous month’s rate was revised down to the same level, the Federal Labor Agency ...

Bloomberg Wall Street doesn’t think corporate America will have a hard time coming up with those employee bonuses that were promised after taxes were slashed. The December passage of the tax overhaul package and West Texas Intermediate crude’s breach of $60 a barrel have propelled the S&P 500 three-month earnings estimate revision ratio to its highest level since 2011, according ...