Bloomberg Ayala Corp, the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow. Ayala’s power-generation unit, AC Energy Philippines Inc, will also boost investments in renewable generation as it transitions to a low-carbon portfolio, President Eric Francia said in a live-streamed annual …

Bloomberg Russia’s oil producers have been told by the Energy Ministry to cut their production by about a fifth to comply with the new Opec+ deal starting May 1, said two people with knowledge of the matter. After days of consultations on how to divide the supply curbs, companies were instructed to split Russia’s 2.5 million barrel-a-day cut proportionally, the …

Bloomberg US equity futures fell alongside Asian stocks on Monday while European shares fluctuated as investors weigh the latest evidence the coronavirus is slowing and prepare for earnings season to ramp up. Treasuries rose with the dollar and oil plunged. Contracts on the S&P 500 slipped after American stocks posted the first back-to-back weekly gain since early February. The Stoxx …