Bloomberg Oil tumbled the most in a week as global financial markets swooned and swelling US crude stockpiles reinforced fears about an economic slowdown. Futures slipped more than 5% in New York, joining a slide in equities. American crude inventories registered a surprise increase for the second straight week, US data showed on Wednesday, although gasoline demand was also healthy. ...

Bloomberg India has a plan to achieve Prime Minister Narendra Modi’s goal of reducing the country’s dependence on energy imports, and it starts in the kitchen. Three main state-run fuel retailers — Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. — are looking to turn used cooking oil that might otherwise be discarded into biodiesel fuels. The retailers ...

Bloomberg The beatings of two men during a tense rally at Hong Kong’s airport highlights protesters’ growing fear of mainland intervention, as well as the risk that demonstrators’ violent tactics could undermine support for their movement. An otherwise peaceful sit-in at Hong Kong International Airport turned ugly when protesters attacked and detained a man they suspected of being a security ...

Bloomberg Pakistan called on the United Nations Security Council to convene an urgent meeting on India’s decision to revoke autonomy for the disputed Muslim-majority state of Kashmir, a move it says could spark a new conflict between the two South Asian nuclear powers. India’s recent actions “pose a threat to international peace and security, willfully undermine the internationally recognised disputed ...

Bloomberg Prime Minister Boris Johnson’s staff talk about an imminent general election as though it were a fact, and a Conservative politician accidentally published a draft email about his “GE2019 team.” But amid growing expectations that the next chapter in the UK’s political crisis will see the country go to the polls, it’s still not clear how it will happen. ...

Bloomberg Tunisian authorities said 26 people, including the prime minister, two women and a moderate radical, have preliminary approval to run in next month’s presidential election. The varied line-up, which features former Defense Minister Abdelkarim Zbidi, the deputy head of the radical Ennahda Party, Abdelfattah Mourou, and premier Youssef Chahed, was announced Wednesday by Nabil Baffoun, head of the Independent ...

Bloomberg Prime Minister Narendra Modi says his move to revoke Kashmir’s autonomy is about boosting its economy. But observers say it will take more than rhetoric to bring in investments and ensure jobs in the territory that’s lost more than 42,000 lives to conflict over the last three decades. The state’s economy, dependent mostly on farming, handicrafts and tourism, may ...

To have a recession or not — that is the question. It also encompassed last week’s most important political news, notwithstanding all the public attention understandably focussed on the mass shootings in El Paso and Dayton. There is growing evidence of a possible recession. If one materialises, President Trump could lose his most powerful argument for reelection: a strong economy. ...

Singapore just gave a verdict on who’s winning the trade war. The answer is few countries, if any, in Asia. The deep cut in the trade-reliant economy’s growth forecast was disappointing, albeit not startling. There may be no expansion at all. Growth is likely to be between zero and 1 percent this year, compared with a previous projection of 1.5 ...

Asset managers face “tough industry conditions with flows difficult to come by and fees under pressure,” says Standard Life Aberdeen Plc Chief Executive Officer Keith Skeoch. He’s not wrong; but competitors are weathering the ongoing storm far, far better than his firm is this year. SLA’s performance this year is dismal, with its shares languishing at their lowest level since ...