Bloomberg The oil market has all but abandoned the hope of a re-balancing any time soon, with the re-emergence of a pricing structure that signals investors expect a glut to endure into next year. The return of a deep contango — when oil prices for immediate delivery are lower than forward contracts — comes days after several Wall Street banks …

Bloomberg Thai regulators plan to impose financial penalties on Facebook Inc. and other compa- nies with video-sharing platforms if they fail to swiftly remove what they deem to be illegal content. The new framework would give authorities the power to immediately demand the removal of offensive material without waiting for a court order, Colonel Natee Sukonrat, vice chairman of the …

Bloomberg Chinese bike-rental startup Ofo is aiming to raise new funds at a valuation of about $3 billion, people familiar with the deal say, further inflaming an already pitched competition for capital by startups backed by the country’s largest technology firms. The company is seeking roughly $500 million, one of the people said, asking not to be named discussing an …