Bloomberg US equity-index futures gained along with European stocks on Wednesday and crude oil rallied amid signs the spread of the coronavirus in China is slowing and investor optimism the global economy can weather the storm. Treasury yields edged higher. Contracts on all three major American gauges pointed to a firm open after China’s Hubei province reported the lowest number …

Bloomberg Indian stocks rose for a second day as a general appetite for risk, seen across Asia, helped drive gains in equities. The S&P BSE Sensex advanced 0.9% to 41,565.9, at in Mumbai and the NSE Nifty 50 Index climbed 0.8% on Wednesday. The S&P BSE Midcap Index, comprising 101 companies, dropped 0.3%; the gauge of mid-sized firms has risen …

Bloomberg A rally in stocks seen to benefit from China’s deadly virus outbreak is fading. The small-cap ChiNext index fell as much as 1.3% on February 11 before finishing down 0.7%. The gauge’s rapid rebound last week, when it took just two days to recoup all losses after China’s stock market saw a record stock sell-off, set the stage for …

Bloomberg Boeing Co will resume production of the 737 Max before the best-selling plane is allowed back in the air as the company attempts to recover from one of the worst crises in its 104-year history. The Chicago-based manufacturer halted production in January, 10 months after the jet was grounded worldwide following two crashes that killed 346 people. Boeing failed …

Bloomberg The government of Sri Lanka is considering ways of recovering damages, including claiming compensation from Airbus SE, after the European planemaker admitted to bribing executives to win aircraft orders. “The reputational damage was huge, enormous,” Vipula Gunatilleka, chief executive officer of state-run SriLankan Airlines Ltd, said in an interview at the Singapore Airshow on Wednesday. “That’s why our government …

Bloomberg Forever 21 Inc is moving out of its parents’ house. US Bankruptcy Judge Kevin Gross said in a hearing that he would approve the sale of the retailer to its two largest landlords — Simon Property Group Inc and Brookfield Property Partners LP — and Authentic Brands Group LLC, marking the end of control by the Chang family. Forever …

Bloomberg For the past few months, Under Armour Inc executives have promised that 2020 would be the coming-out party of a brand-new company, a shift from defense to offense after a multiyear restructuring and a change in leadership. After revealing fourth-quarter results and 2020 projections that trailed analysts’ expectations, the company issued a sobering set of expectations for investors. Revenue …

Bloomberg Bed Bath & Beyond Inc fell sharply after reporting that a key measure of sales contracted in December and January, the latest sign the home-furnishings retailer faces a tough road back to growth. “We are experiencing short-term pain in our efforts to stabilise the business, including the pressures of store traffic trends,” Chief Executive Officer Mark Tritton said in …

LONDON / WAM The 19th UAE-UK Taskforce meeting took place on Tuesday in London, co-hosted by Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, and Dr Andrew Murrison, UK Minister of State for the Middle East and North Africa. The high-level UAE delegation, which included officials from the Ministries of Foreign Affairs and International Cooperation, Justice, Defence, …

Bloomberg The European Central Bank (ECB) has set out an ambitious timetable for its strategic review that could see a decision on whether to change its inflation goal by the summer, according to euro-area officials. Speaking on condition of anonymity because the process is confidential, the officials described a rushed agenda under President Christine Lagarde, who reached her 100th day …