Bloomberg A global trade war is looming and emerging markets are plunging. Time to pile into US stocks. That’s the message from Wall Street prognosticators, who have stuck with full-year forecasts during a first half that’s been anything but smooth. After a torrid start to the year, the S&P 500 plunged into its first correction since 2016 and spent the …

Bloomberg Canada’s oil industry just moved one step closer to getting some relief from its pipeline woes. Enbridge Inc’s planned $7 billion replacement and expansion of its Line 3 conduit, linking Alberta’s oil fields to refineries in the US, was given the green light by regulators in Minnesota, clearing the way for the project to move ahead. The state’s Public …

Bloomberg Ethiopia’s nascent energy industry is gathering pace, with a unit of China Poly Group Corp. starting test output of crude oil in a volatile border region and the government estimating initial annual income of $1.2 billion when gas exports begin from the area. Oil and gas income will be a major boost to the landlocked Horn of Africa nation’s …