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US stocks mixed amid trade fears; oil drops, bonds steady

Bloomberg US stocks erased early losses prompted by renewed trade fears as gains in megacap technology shares left major benchmarks little changed. Oil slumped and Treasuries rose. The S&P 500 Index was flat after a four-day advance as Washington and Beijing set dates for new levies on billions in goods. Trading was 20 percent below average. Tech and bank shares ...

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Ruble heads towards 20-month slump as ‘US bill’ jolts Russia

Bloomberg The ruble headed for its weakest closing level since November 2016 and Russian stocks and bonds plunged after local media published the full text of a US bill seeking “crushing sanctions” for election meddling. The currency slid 2.2 percent to 64.91 per dollar on Wednesday, sinking the most among major peers and breaking out of a range it’s traded ...

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Starwood ready to acquire GE’s energy-finance unit for $2.6bn

Bloomberg Barry Sternlicht’s Starwood Property Trust Inc. agreed to buy a General Electric Co. energy-finance business for $2.56 billion to expand beyond real estate holdings. The acquisition includes a roughly $2.1 billion portfolio of 51 loans backed by assets such as pipelines, power plants and wind farms, as well as $400 million of unfunded commitments, Starwood and GE said in ...

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