Bloomberg Goldman Sachs Group Inc asset managers cut borrowing for two energy funds, which saw their top holdings fall by one-third in two days amid “unprecedented” volatility in commodity prices, resulting in a “material impact” on their net asset value. The bank has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy …

Bloomberg Foresight Energy LP filed for bankruptcy protection after it was unable to turn a profit on coal mining anymore as power generators switched to cleaner and cheaper fuels. The company, founded by the late billionaire Christopher Cline, is among a wave of US miners to file for Chapter 11 in recent years, including Murray Energy Corp, which owns a …

Bloomberg Stocks climbed globally along with US index futures on Tuesday, recovering some ground after the deepest equity rout since the great financial crisis. Bonds and haven currencies trimmed their exceptional gains from a day earlier and the dollar strengthened. The Stoxx Europe 600 Index jumped alongside contracts on the three main American gauges, though few benchmarks came close to …