Bloomberg Jollibee Foods Corp will boost capital spending by a fifth to open 450 new stores mostly overseas, as the Philippines’ largest restaurant operator foresees a return to profit this year following its first annual loss in nearly three decades. The company will spend 12.2 billion pesos ($255 million) this year, up 22% from the 10 billion pesos in 2020. …

Bloomberg Stocks rise as the vaccine rollout and slowing virus outbreaks spurred bets on a global recovery. West Texas Intermediate crude topped $60 a barrel amid an arctic freeze in parts of the US. Europe’s Stoxx 600 Index climbed, led by banks and commodity shares. South Korean and Japanese shares led Asia higher. US markets are shut for Presidents’ Day, …

Bloomberg Japan’s Nikkei 225 Stock Average topped 30,000 yen for the first time since August 1990, as it continued its charge back up through levels not seen since the collapse of the bubble economy. The gauge rises 1.9% to close at 30,084.15 on Monday, amid signs an economic recovery is intact at home and hopes of progress in US stimulus …