The $1.8 billion stake that Tencent Holdings Ltd. has bought in Tesla Inc. should give some confidence to other investors, despite the carmaker’s ugly balance sheet. But it’s far more important for Tesla’s future prospects than for its current needs: Without it, the company could end up a global afterthought in the race to build the next wave of ...

  The world’s biggest coal exporter has a problem. Demand for the dirtiest fuel is on the wane. The International Energy Agency — which has tended to overestimate coal production, and underestimate renewables — doesn’t expect consumption to regain its 2014 levels until 2021. Investment in new mines is ‘drying up,’ according to its latest market forecast. That’s reflected in ...

  Bloomberg European shares advanced for a fifth day, while the pound retreated at the start of a busy week that includes a meeting between Xi Jinping and Donald Trump and culminates in the monthly US jobs report. The Stocks Europe 600 Index gained as much as 0.4 percent before paring the advance, while the euro was little changed after ...