Bloomberg Japan’s government increased the amount of debt it plans to issue this fiscal year for the third time in under two months, seeking to fund its unprecedented economic stimulus. Issuance will surge to 212.3 trillion yen ($2 trillion) in fiscal 2020, according to a plan released by the Ministry of Finance on Wednesday. That’s versus 152.8 trillion yen estimated …

Bloomberg The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc. The government in Rome stands to receive 82 billion euros ($90 billion) in emergency grants and up to 91 billion euros in low-interest loans from the package that could be worth as much as …

Bloomberg Oil declined from the highest settlement in 11 weeks on signs Russia is supporting plans to start easing supply cuts from July, while tensions between the US and China escalated amid the specter of sanctions. Futures fell 1% in New York. Moscow wants to scale back curbs in line with the Opec+ deal, according to people familiar with the …

Bloomberg Europe is betting on emissions-free electricity for big industry in its economic recovery package, drafting measures to scale up the production of hydrogen. The world’s most climate-ambitious stimulus package, which was to be unveiled on Wednesday, is poised to earmark tens of billions of euros for hydrogen technology as well as infrastructure for clean energy. European Commission President Ursula …

Bloomberg Japanese natural gas company Tokyo Gas Co Ltd has made a bet that the future of renewable power will be floating at sea. The more than $22 million investment in developer of floating platforms for wind turbines Principle Power Inc is a sign that fossil fuel companies are continuing to invest to prepare their businesses for a low-carbon future. …

Bloomberg Just months after coming to terms with its lenders on a debt recast, India’s largest wind turbine maker Suzlon Energy Ltd is seeking to loosen some conditions. The Pune-based company is asking its lenders to accept new convertible debt in place of interest payments due this quarter on its restructured loans, people familiar with the matter said, asking not …

Bloomberg Stocks advanced in Europe along with US equity futures as investors looked past simmering tensions between Washington and Beijing and focused on progress in relaxing lockdowns. Oil slipped, while Treasuries and the dollar edged higher. The Stoxx Europe 600 Index headed for a third daily increase as the region’s push to revive battered economies looked to be on track, …

Bloomberg Shares in Singapore Exchange Ltd. (SGX) plunged after MSCI Inc. announced it will move licensing for derivatives products on a host of gauges to Hong Kong from Singapore. SGX’s stock fell 11.8% as of 3:22 pm local time, set for the biggest drop since 2003, amid concerns over the loss of revenue stream following the move. MSCI has struck …

Bloomberg Oil rose near $34 a barrel following Russia’s prediction that the market may balance as early as next month as global producers take historic amounts of crude out of the market. Russia, a key member of the Opec+ alliance that has pledged record output cuts, expects the market to balance in June or July. Energy Minister Alexander Novak said …

Bloomberg US clean-energy startup, Commonwealth Fusion Systems (CFS), raised an additional $84 million from major investors in Europe and Asia, underscoring that the appetite remains to back new technologies which could mitigate climate change. As the world looks to ramp up the use of intermittent renewable energy, it needs to add forms of flexible clean power that can be turned …