Bloomberg Despite sitting on top of the world’s largest crude reserves, the reach of Venezuela’s state-owned oil company is receding. In the 1980s Petroleos de Venezuela SA started an international expansion with the objective of finding new outlets for its growing oil production. The company bought Citgo Petroleum Corp. in the US, leased the Isla refinery in Curacao, bought a …

Bloomberg US stocks edged lower as investors struggled to find inspiration after a torrid start to the year. The dollar rallied for a fifth day. The S&P 500 Index fell 0.1 percent. Equities opened lower amid a lack of progress on the US-China trade deal before briefly erasing losses on home-sales and service-industries data that beat estimates. General Electric Co. …

Bloomberg European stocks may be off to a roaring start this year, but exchange-traded funds (ETFs) tracking them aren’t immune to the outflows that hit US equity funds earlier in the quarter. Despite an 11 percent surge for the Stoxx Europe 600 Index, ETFs targeting region’s shares have bled more than $4 billion in 2019. Among the biggest losers: benchmark …