Bloomberg India’s benchmark equity index swung between gains and losses as banks and telecom stocks offset the boost provided by software exporters. The S&P BSE sensex was little changed at 37,976.18 after swinging between gains of as much as 0.7% and a decline of 0.3%, as of 10:56 am in Mumbai. The NSE Nifty 50 Index was also steady. The …

Bloomberg Oil has wavered on growing doubts over demand prospects with more potential lockdown measures on the way to combat the virus. The market was earlier buoyed by the dollar’s biggest slide in almost four weeks, which made commodities priced in greenback more attractive, as well as a bounceback in equities. Futures in London as much as 1.2% before paring …

Bloomberg Devon Energy Corp agreed to acquire WPX Energy Inc in a $2.56 billion all-stock deal, creating one of the largest independent US shale producers and answering investor calls for consolidation at a time of crisis for the sector. Devon shareholders will own about 57 percent of the combined company, Devon and WPX said on Monday in a statement. The …