Bloomberg US futures are signalling a rebound after the S&P 500 capped its longest slide since September. In other markets, trading was mixed amid lingering worries about tougher lockdowns. Contracts on the S&P 500 and Nasdaq 100 Index climbed about 0.3 percent, giving a hint of investor optimism after a bruising session on Monday. Elsewhere in markets, the mood was ...

Bloomberg India’s stock benchmarks erased losses as investors assessed a nascent economic recovery. The S&P BSE Sensex added 0.1% to 46,289.58 as of 2:30 pm in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude. Both indexes earlier dipped as much as 0.9%. Asian equities were broadly lower as investors considered the prospects of further virus-related business ...

Bloomberg Oil came off session highs as the Organisation of Petroleum Exporting Countries (Opec) cut forecasts for oil demand again, pointing to uncertainties around the pandemic and the rollout of vaccines. Futures were little changed after rising as much as 1.9% in New York. The Opec in a monthly report reduced projections for global fuel consumption in the first quarter ...

BAHRAIN / WAM Bahrain’s Investcorp on Monday announced that it has acquired Sanos Group, a leading provider of specialised clinical trial services to the global pharmaceutical and biotechnology industry. Based in Denmark, Sanos is a global Contract Research Organisation (CRO) providing value-added services to pharma, biotech and research organisations to help plan and conduct clinical trials, a critical part in ...

Bloomberg Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture paid $1.3 billion to settle a long-running dispute with Kazakhstan over revenue sharing. The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its first annual contraction in more than ...

Bloomberg Total SE is discussing a plan for 500 voluntary job cuts in France, where the oil company has 35,000 employees, CEO Patrick Pouyanne said. Pouyanne said talks are ongoing. “We’ll see, there’s a negotiation. It could be 300, it could be 700,” he said. He denied that Total has decided on reducing 700 positions, a number given by the ...

Bloomberg The Nordic region’s pace-setting push into green transport is set to extend from cars to the air-travel market. Iceland this month signalled plans to move towards carbon-free domestic flights by the end of the decade, while Sweden’s Heart Aerospace aims to deliver an electric plane specifically designed to ply routes linking remote Scandinavian settlements within six years. Coordinating the ...

Bloomberg British Airways will work with hydrogen plane startup ZeroAvia to speed the switch to hydrogen power for commercial aircraft. The partnership was announced, as the head of parent IAG SA prepared to outline the group’s plan to reach net-zero emissions at a United Nations climate summit. The legacy airline will work with the startup, which has already demonstrated a ...

Bloomberg Nestle’s organic sales should grow this year on average at roughly the same pace as last year, according to Chief Executive Officer Mark Schneider. The world’s largest food maker generates some 90% of its revenue from in-home consumption, which has benefited from lockdown and social-distancing measures, Schneider said on Swiss television program Bilanz Standpunkte on SRF 1. On the ...

Bloomberg China’s antitrust watchdog fined Alibaba Group Holding Ltd and a Tencent Holdings Ltd unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signalling Beijing’s intention to tighten oversight of internet sector deals. The State Administration for Market Regulation said it’s reviewing the combination of DouYu International Holdings Ltd with Huya Inc, which could ...