Bloomberg Oil was anchored below $41 a barrel with an industry report signalling a surprise gain in US crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections. The American Petroleum Institute reported inventories rose by 2.05 million barrels last week, before government data on Wednesday. The virus is setting records across the US, with Texas’s …

Bloomberg Poor diets in developing countries are costing businesses as much as $850 billion a year in lost productivity, underlining the need for companies to play a bigger role in tackling a problem that’s being compounded by the coronavirus pandemic. Those are the findings of a study by Chatham House and Vivid Economics, the first to analyse the impact of …

Bloomberg Sunrun Inc, America’s biggest rooftop-solar company, is set to become a behemoth through its $1.46 billion takeover of a major rival, Vivint Solar Inc. The agreement, subject to approvals, is one of the industry’s biggest, following Tesla Inc’s 2016 purchase of debt-plagued SolarCity, as well as the failed 2015 acquisition of Vivint by SunEdison, the clean-energy giant that went …

Bloomberg Britain’s energy regulator is under pressure to ensure it helps network operators like National Grid Plc finance the transition to a low carbon economy without passing the costs on to consumers. Investment in the green transition is key to the country hitting its climate targets but it won’t come cheap. Ofgem will unveil on Thursday its draft price control …

Bloomberg At least 20% of shut-in Canadian production is being restored, just months after the price crash forced producers in Alberta’s oil sands to slash up to 1 million barrels a day of output. Cenovus Energy Inc, Husky Energy Inc and Baytex Energy Corp are among companies that have resumed shut-in production as prices rise above $40 a barrel. Imperial …

Bloomberg UK house prices have slipped for a fourth month in June as the country started to emerge from lockdown. Average house prices fell 0.1% to an average of $300,000, Halifax said, the longest run of declines in a decade. From a year earlier, prices gained 2.5%. New mortgage inquiries rose 100% on the month. Britain is slowly lifting the …

Bloomberg European stocks erased losses and US equity futures climbed as investors weighed prospects for the economy to recover during the pandemic. Telecom and health-care shares were among the biggest gainers in Europe. HSBC Holdings Plc slumped after a report that some of Donald Trump’s advisers proposed a move to destabilize Hong Kong’s currency peg to the dollar as a …

Bloomberg India stocks swung as investors weighed the gradual resumption of business activity against a steady rise in new coronavirus cases, ahead of the quarterly earnings season starting on Thursday. The S&P BSE Sensex was little changed at 36,714.87, at 10:05 am in Mumbai, as was the NSE Nifty 50 Index after both gained at least 0.4%. The measures have …

Bloomberg Chinese investors are loading up on leverage to speculate in the stock market at the fastest pace in more than five years. They pushed outstanding margin debt on domestic exchanges to more than 1.2 trillion yuan ($171 billion). The figure rose 36.7 billion yuan from July 3, the biggest increase since January 2015. The surge in leverage shows how …

Bloomberg Oil dropped to trade near $40 a barrel before US government data that’s forecast to show gasoline stockpiles increased, while rising virus infections raised concern stricter controls will be extended. US gasoline supplies expanded by one million barrels last week, according to a Bloomberg survey, while nationwide crude stockpiles are projected to have fallen for a second week. Official …