Bloomberg Londoners this morning woke up to the rare sight of the city blanketed in snow as the icy blast from Siberia that’s causing havoc across Europe will linger for at least this week. Temperatures across Europe have plummeted and forecasters predict they will remain as much as 8 Celsius below average (14.4 Fahrenheit) in Britain through the weekend. UK …

BEIJING / Reuters At least 10 of China’s domestic liquefied natural gas (LNG) plants have resumed output in the past week after the government cut off their supply, providing the first signs that the country’s gas supply crunch is starting to ease, company sources said. The return of the plants, which liquefy domestically produced gas that is then trucked to …

Bloomberg Oil is poised for its first monthly decline in half a year as January’s rally fades on growing fears over booming US shale supply. Futures in New York were little changed, putting them on course for a 2.8 percent drop in February. An industry report was said to show US oil inventories rose last week, which would be the …

Bloomberg The biggest buyer of solar farms in America is a company you’ve probably never heard of. Meet Capital Dynamics, an asset manager that handles $15 billion. The firm’s been snapping up clean-power plants for years, but it wasn’t until this month — when the company agreed to spend almost $1 billion on a solar business — that it really …

Bloomberg Oklahoma is tightening its rules for fracking after studying a new cluster of earthquakes in one of the hottest US regions for drilling. The Oklahoma Corporation Commission announced that all explorers within certain areas must use equipment known as a seismic array, which detects movement underground. The regulators also lowered the quake threshold for pausing work from 3.0 magnitude …

Bloomberg If Mario Draghi had to design the way his colleagues get picked, it would probably be a bit different from how it is now. The European Central Bank president twice stopped short of praising the process for board appo- intments — aside from a mention of safeguards to independence — when asked this week about how his future vice …

Bloomberg The chief of India’s biggest bank called for an industry-wide review of risk controls in day-to-day operations, comparing a $2 billion fraud at one of his rivals to the 1995 Barings Plc rogue trading debacle that ended the 233-year-old British merchant bank’s independence. “The Punjab National Bank fiasco is something similar to the fall of Barings Bank, where one …

Bloomberg Jerome Powell opened the door to the Federal Reserve raising US interest rates four times this year as he acknowledged stronger economic growth may prompt policy makers to rethink their plan for three hikes. “My personal outlook for the economy has strengthened since December,” the Fed chairman said in response to a question about what would cause the central …

Bloomberg JPMorgan Chase & Co is the most profitable bank in US history. It expects to keep that title with help from the Fed and Donald Trump. Higher US interest rates engineered by the Federal Reserve and lower corporate taxes spearheaded by the Trump administration translate into about $7 billion more in pretax profit in coming years, JPMorgan said in …

Bloomberg Bank of Nova Scotia’s focus on international banking is paying off. The Canadian lender, which has operations in about 50 countries, earned a record C$725 million ($571 million) from overseas businesses in the fiscal first quarter, up 14 percent from a year earlier. Those contributions, along with gains in Canadian banking, helped it post total profit that beat analysts …