Stocks

  Bloomberg As markets reel from the U.K.’s surprise decision to leave the European Union, the U.S. may be one of the relatively safer ports in the global storm. The world’s biggest economy may be poised to attract a bit of the growth that would have otherwise taken place in the U.K., according to some economists. Companies looking for havens …

  BLOOMBERG Stocks gained with U.S. equity-index futures and the pound strengthened to its highest level this year as the U.K.’s referendum on membership of the European Union got under way. European shares rose to a three-week high in above-average trading amid a vote that past opinion polls indicated was too close to call. A gauge of sterling advanced for …

  Bloomberg The best start to a year for commodities since 2008 is leaving copper in the dust. The metal is one of the weakest of the 22 raw materials in the Bloomberg Commodity Index of returns this year and the worst of the major metals. “If you look at where iron ore, coking coal or oil have gone this …

  Bloomberg In the one-time engine room of Australia’s resources bonanza, Prime Minister Malcolm Turnbull’s election pledge of creating jobs and growth is ringing hollow for many voters. An economic downturn in Western Australia and claims the Liberal state government squandered the proceeds of the mining boom are a fillip for the opposition Labor party ahead of the July 2 …

  BLOOMBERG Global equities advanced and the pound strengthened toward a five-month high a day before Britons vote on membership in the European Union. Italian and Spanish government bonds rose. The MSCI All-Country World Index gained for a fourth day as bookmakers’ odds implied there’s only about a one-in-four chance that Britons will opt to leave the EU in Thursday’s …

  Bloomberg The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible. In this global effort, one of the world’s most expensive oil regions intends to lead the way. Last month companies operating in the North Sea started pooling spare parts and tools, and they are even sharing plans on how to drill wells …

  Bloomberg Elon Musk called the proposed marriage of Tesla Motors Inc. and SolarCity Corp. a “no brainer,” saying his $2.86 billion plan to combine the companies would benefit both. Tesla investors didn’t seem so sure. While SolarCity shares rose 16 percent Wednesday in trading before U.S. exchanges opened, Tesla fell 10 percent. Oppenheimer & Co. analysts including Colin Rusch …

  BLOOMBERG Investors took a positive cue from the latest polls on Britain’s referendum over European Union membership, with global stocks advancing and the pound rising to the highest level since before the vote date was set. The dollar weakened before Federal Reserve Chair Janet Yellen speaks on monetary policy. Sterling strengthened for a third day even as separate opinion …

  Bloomberg India may import the most wheat in a decade as output declines in the world’s second-biggest producer. Imports may total 5 million metric tons in 2016-17, the most since 2006-07, according to the median estimate of seven traders surveyed by Bloomberg. Production is set to decline 1.8 percent to 85 million metric tons in the year through June …

  Bloomberg In the red-dirt hills of Minas Gerais, a part of Brazil named for the mines that provided livelihoods for generations, the country’s worst-ever environmental disaster has unearthed a new opportunity for locals stung by recession and job losses — panning for gold. Wildcat mining is on the rise in communities devastated by the collapse of a dam that …