Bloomberg French business confidence fell its lowest level in more than a year in May as strikes hampered refinery output and limited petrochemical supplies. A gauge of sentiment among manufacturing executives dropped to 97 in May, its lowest since March 2015 and down from 99 in April. The central cut its Q2 growth forecast to 0.2% from 0.3%. Workers at …

  Bloomberg Denmark’s biggest bank is telling clients to hedge against currency losses that will affect more markets than just the pound as Britain’s June 23 referendum on its European Union membership draws closer. Clients of Copenhagen-based Danske Bank A/S are being advised to hedge for a weaker pound against the euro and a weaker euro against the dollar and …

  Bloomberg Rosneft OJSC, Russia’s largest oil producer, said profit slumped 75 percent in the first quarter as crude prices hit their lowest point in over a decade. Net income dropped to 14 billion rubles in the first three months of the year compared to 56 billion rubles in the same period a year earlier, according to a statement on …