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Wall Street bonus pools look shallow in ‘unexciting year’

Bloomberg Three Fed rate hikes, two major European elections and the biggest drop in China’s currency since 2008 would normally make for a busy year for macro traders, leaving them optimistic come bonus time. Not this year. Investors haven’t found much to compel them to step up bets on the directions of interest rates and currencies in 2017, driving sharp ...

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Coal’s fading crown set to get Asian polish, says IEA

Bloomberg Coal may have fallen out of favour in China, North America and Europe but India and other Asian nations will ensure the dirtiest fossil fuel continues to supply more than a quarter of the world’s energy. Rapid economic development in parts of Asia will rely on coal-fired plants, the International Energy Agency said in its Coal 2017 market report. ...

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Oil extends advance towards $58 as US drillers trim rig count

Bloomberg Oil extended gains toward $58 a barrel as US drillers targeting crude reduced the rig count for the first time in four weeks. Futures added 0.7 percent in New York after rising 0.5 percent. US explorers trimmed the number of rigs by four to 747 last week, according to Baker Hughes data. Hedge funds have boosted bets on rising ...

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