Bloomberg Oil advanced near $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into White House even as Donald Trump rejected the outcome of US election. Crude futures in New York rise 2.3% and spot gold added 0.2% amid a broader rally in global stocks. The dollar extended declines. While Biden declared …

Bloomberg Enbridge Inc became the largest company in the North American oil industry to set a goal of eliminating all net emissions from its operations by 2050, joining major European producers in providing climate-conscious investors with a plan to tackle global warming. The pipeline giant also established an interim target of reducing the intensity of greenhouse-gas emissions from its operations …

Bloomberg New Zealand central bank (RBNZ) governor Adrian Orr is set to unveil a new monetary stimulus tool aimed at driving borrowing costs to fresh historic lows to spur economic growth. Orr is expected to lay out plans on November 11 to provide cheap loans to banks, giving them scope to further reduce lending rates. The Funding for Lending Program, …