Bloomberg History redux? The surging tension over trade between the US and China has prompted comparisons to American combativeness towards Japan that preceded the 1987 equity meltdown—at least, in the mind of veteran market analyst Hao Hong. While Hong, head of research with Bocom International Holdings Co., acknowledges that it’s possible to crawl up many a technical chart of a ...

Bloomberg Europe’s $38 billion a year carbon market is finally starting to work the way it was intended, reining in pollution with a minimum of squealing from industry. Thirteen years after it was created to limit carbon-dioxide emissions, prices for the allowances are rising. European Union policymakers have enacted measures expected to keep the cost of pollution on an upward ...

Bloomberg Irish packaging company Smurfit Kappa Group Plc rejected a sweetened 8.9 billion euro ($11 billion) takeover bid from International Paper Co., testing the US suitor’s resolve as the industry gains from a boom in online shopping deliveries. Smurfit’s board spurned a revised offer of 37.54 euros per share, according to a statement, adding that International Paper’s original offer was ...