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Russia stock market hits highest level since 2014

Bloomberg It has taken five years but Russian stocks have sprung back to levels they traded in 2014 before a meltdown sparked by US sanctions, oil-price collapse and a rocky float of the ruble had erased half of their value. The RTS Index, a dollar-denominated equivalent of the benchmark MOEX Russia Index, rose 0.5 percent on Monday after closing at ...

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Google to acquire Looker for $2.6b to boost cloud offerings

Bloomberg Alphabet Inc.’s Google agreed to buy Looker Data Sciences Inc. for $2.6 billion, expanding its offerings to help customers manage data in the cloud. The acquisition gives Google a new tool in its campaign to sell more cloud storage and software. So far, the company has struggled to compete with larger rivals Amazon.com Inc. and Microsoft Corp. and late ...

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UK factory output falls to 17-year low

Bloomberg UK manufacturing output fell the most in almost 17 years in April as the boost from Brexit stockpiling evaporated and car producers went ahead with planned shutdowns. The 3.9 percent decline, the most since June 2002, saw the economy as a whole shrink for a second straight month, Office for National Statistics figures show. Vehicle production plunged by a ...

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