Bloomberg China inked its first term deal to buy liquefied natural gas (LNG) from an American exporter since the trade war disrupted deliveries, a sign of confidence that relations with the US could be normalising. Foran Energy Group said it signed a framework agreement with US producer Cheniere Energy Inc to purchase 26 cargoes between 2021 and 2025. The deal …

Bloomberg Royal Dutch Shell Plc will push for the reversal of President Donald Trump’s rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the White House next year. “Some of the regulatory rollbacks that we’ve seen under the current administration haven’t actually benefited our industry,” Shell US President Gretchen Watkins said. The oil …

Bloomberg Billionaire Mukesh Ambani obliterated rivals in India’s telecommunications sector by selling $2 data plans and free voice calls. Four years later, he’s deploying a very similar tactic — cutthroat pricing — to gain an edge in the country’s increasingly competitive e-commerce space. As India hits the peak of its biggest shopping season, the festival of Diwali, the tycoon’s retail …

Bloomberg Boeing Co, the biggest laggard on the Dow Jones Industrial Average this year through October, is turning the tables in November with a 30% gain. The shares are surging this month on the impending return of its 737 Max jet and promising vaccine trials from Pfizer Inc that suggest an eventual rebound in the depressed market for jetliners. Another …

Bloomberg Norwegian Air Shuttle ASA risks becoming a casualty of the global aviation crisis after the state rejected a request for a second multi-billion krone rescue package. A fresh bailout wouldn’t be a good use of public funds, the government in Oslo said, leaving the discount carrier in need of help to weather the winter months as air travel remains …

Bloomberg Ryanair Holdings Plc’s long-delayed Boeing Co 737 Max deliveries face a new hurdle after the European Union opted to apply tariffs to US-made aircraft. The European bloc said it would levy 15% tariffs on US jets, alongside other goods including wheat, cheese, etc. Dublin-based Ryanair, the continent’s biggest discount carrier, has more than 135 Max 200 jets on order, …

Bloomberg American Airlines is resuming much of its short-distance service to Latin America and starting to bring back longer flights over the next few weeks, building off of its dominance in the region among US rivals. South America is the strongest part of American’s long-haul system amid the coronavirus pandemic “when, admittedly, all of it is relatively weak,” Chief Revenue …

Bloomberg Chinese technology giants from Alibaba Group Holding to Tencent Holdings shed almost $260 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms. Technology shares tumbled for a second day after Beijing issued regulations designed to curb the growing influence …

Bloomberg Stocks rise in Europe and Asia on Wednesday as investors continued a rotation into cyclical industries at the expense of technology shares. Crude oil rises. Gains in travel, energy and consumer stocks pulled the Stoxx Europe 600 Index higher at the open. Tech shares underperformed, including Dutch Internet provider Prosus NV and equities in Japan, Korea and Australia climbed …

Bloomberg Oil extended gains, following Monday’s rally on optimism that a potential Covid-19 vaccine could boost a recovery in transport demand. Crude futures in New York approached $41 a barrel, after advancing more than 10% at one point. It comes after early findings showed that a vaccine developed by Pfizer Inc. and BioNTech SE protects most people from the virus. …