Stocks

  Tokyo / AFP SoftBank plunged more than 10 percent on Tuesday as investors gave the thumbs down to the Japanese mobile giant’s whopping $32 billion purchase of British iPhone chip designer ARM Holdings. The sharp drop bucked an upward trend in the broader market after a public holiday, with the benchmark index rising for the sixth straight session. SoftBank …

  Bloomberg S&P 500 Index futures slipped on Tuesday following a mix of earnings reports, as investors weighed the prospects for further gains after equities closed Monday at fresh records. Netflix tumbled 13 percent on weaker-than-anticipated subscriber growth, and Philip Morris International Inc. dropped 2.2 percent after its earnings missed forecasts as the strong dollar hurt sales outside of the …

  Bloomberg Financial markets showed signs of resilience following a failed coup attempt in Turkey, as the lira rebounded and U.S. stocks fluctuated near record highs. Haven assets including the yen and Treasuries fell. The S&P 500 Index swung between gains and losses after a third straight week of gains took the gauge to all-time highs as political tension in …

  Bloomberg Singapore Exchange Ltd. will house regulatory functions in a unit with its own board, following calls to separate the role. The subsidiary is expected to be set up by the second half of 2017 and will not add to the requirements of Singapore’s initial share sale process, Southeast Asia’s biggest bourse operator said in a statement on Monday. …

  Bloomberg A trucker’s strike delaying coffee exports from Colombia and the stronger Brazilian real have widened the price gap between arabica and robusta beans to the most in 17 months. Shipments from Colombia, the second-largest producer of arabica, may fall 50 percent this month as truckers block roads and prevent beans from reaching the ports, said Carlos Ignacio Rojas, …

  BLOOMBERG The Turkish government moved swiftly to calm investors before financial markets reopen on Monday after a failed coup, with the central bank promising unlimited liquidity to lenders and the deputy prime minister posting on Twitter that there’s “no need to worry.” Turkey’s lira plunged the most against the dollar in eight years on Friday as tanks rolled through …

  Bloomberg Global stocks climbed as commodities gained and better-than-estimated earnings pointed to resilience in the economy. The yen slumped on speculation Prime Minister Shinzo Abe is contemplating so-called helicopter money to revive Japan. Financial shares led the S&P 500 Index higher, as the equity benchmark extended its record for a fourth day. Emerging-market equities advanced for a sixth day. …

  Bloomberg The world’s largest oil traders are scraping the bottom of the barrel in search of their next big opportunity. Vitol Group and Trafigura Group Pte’s Puma Energy are adding ships and storage to trade bitumen, a thick, syrupy petroleum product used to make asphalt for roads and tar for roofs. Transport of the material, traditionally by truck, train …

  Bloomberg Wherever you look in global financial markets, signs are emerging that the fallout from Britain’s vote to leave the European Union is under control. Global stocks rose a fifth day, reclaiming almost $4 trillion in value lost in the days following the U.K.’s referendum as speculation grows that central banks will boost stimulus at the same time signs …

  LONDON / Reuters U.K. coffee drinkers should brace to pay more for their morning fix as domestic roasters start to pass on increased import costs after Britain’s Brexit vote. London’s small-scale producers, who help supply the capital’s taste for a quality roast, are facing a steep rise in the price of coffee beans after the pound slumped to the …