Bloomberg China’s coal mining giants surged on Monday after promising generous dividend payouts and as prices for the fuel jumped on supply tightness. Shares for China Shenhua Energy Co. and Yanzhou Coal Mining Co. both rose more than 10% in Hong Kong. The companies, China’s largest listed miners by production, said Friday they would give the lion’s share of 2020 …

Bloomberg Carrefour SA is buying Walmart Inc.’s former Brazil unit to cement its position as the country’s largest supermarket operator two months after being the target of a failed takeover bid. Advent International and Walmart agreed to sell Grupo BIG Brasil SA for about $1.3 billion, Carrefour said. Brazil is already the French retailer’s second-largest market, and the deal would …

Bloomberg French Finance Minister Bruno Le Maire said the government and the European Commission are nearing a deal for the recapitalisation of Air France that could be finalised in the coming days. “The negotiation was long and difficult and isn’t entirely finished,” Le Maire said on Monday on France Info radio. The accord will be fair and protective for Air …