Bloomberg US stock futures climbed on Tuesday, while government bonds across the globe rallied before US debt auctions that have the potential to spark volatility. The dollar falls. Contracts on the tech-heavy Nasdaq 100 climbed 1.8%, signalling a rebound after an overnight slump in technology stocks amid a rotation to value. European shares opened modestly lower, dragged down by miners. …

Bloomberg The bearish mood prevailing in China’s stock market is proving a match even for state-backed funds, and casting a cloud over the Communist Party’s biggest annual political event. The CSI 300 Index closed about 2.2% lower despite evidence that state-backed funds had intervened to shore up the market in morning trading. The news earlier helped the gauge erase losses …

Bloomberg The size of China’s carbon market will expand more than 30-fold over the next decade as it covers more industries and polluting becomes more expensive, according to Citigroup Inc. The market’s physical turnover will rise from about $800 million this year, its first in operation, to around $25 billion by the end of the decade, analysts including Tracy Liao …

Bloomberg Five gasoline tankers that were enroute to the US East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries. Major refineries along Gulf Coast, the nation’s refining hub, shut gasoline units during the February deep freeze and power failures. Operators have gradually begun resuming production since the …

Bloomberg Marks & Spencer Group Plc (M&S) will launch websites in 46 new overseas markets to try to revive an international business that’s languished for years in spite of multiple turnaround efforts. The British seller of food, clothing and housewares said the expansion into nations from Nepal to Bolivia and Uzbekistan would extend its online reach to more than 100 …

Bloomberg Heathrow airport, unionised workers and ground-handling staff issued a joint plea to UK Prime Minister Boris Johnson for more state funding to help the aviation industry survive Covid-19 travel restrictions that put demand at just 2% of its usual level. A June estimate by the New Economics Foundation said a further 124,000 jobs in the UK were at risk …

Bloomberg One of Walmart Inc.’s longtime foes conceded the retailer’s latest foray into banking could end well for consumers. “There are still a lot of people who want a physical location to go to for their banking services, and Walmart could provide that with all its stores,” said Sheila Bair, who oversaw the Federal Deposit Insurance Corp. when the retail …

Bloomberg The fan blade that broke on a United Airlines plane over suburban Denver last month failed well before it was required to receive its next routine inspection, investigators said. The blade that fractured, triggering the February 20 failure, had 2,979 cycles — each of which represents a flight or any time the engine was started — since its last …

Bloomberg Boeing Co. leaders were stunned by a barrage of negative articles after a 737 Max plunged into the Java Sea in October 2018, killing all aboard, according to internal communications. The messages, under court order, show that executives and board directors worried about media coverage and indications that pilots on the Lion Air flight were caught unaware by an …

Bloomberg Delta Air Lines Inc. is making payments to management employees to help offset reductions imposed a year ago when the burgeoning coronavirus pandemic decimated travel demand and prompted workers to take unpaid leave or retire early to help slash spending. The carrier is making the payouts after accepting billions of dollars in federal aid dedicated to preventing broad involuntary …