Bloomberg Exxon Mobil Corp. and Chevron Corp. delivered their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude. Both companies reported double-digit production increases in the Permian Basin, the shale region in Texas and New Mexico that’s propelling total US oil output to an all-time high. …

Bloomberg Sounds like Suncor Energy Inc.’s top executive is getting tired of analysts asking questions about lagging Canadian oil prices. On the company’s earnings call, Steve Williams was met with a slew of inquiries about how Western Canadian crude’s growing gap to US barrels is affecting his company. His answer: For the most part, it’s not. That’s a response he …

Bloomberg China Three Gorges Corp.’s pursuit of utility EDP-Energias de Portugal SA has slowed as the Chinese energy producer grapples with unexpected obstacles to creating a global renewable-energy powerhouse, people with knowledge of the matter said. A sudden leadership change at Three Gorges, lingering regulatory and political concerns as well as pressure to raise the 9.1 billion-euro ($10.4 billion) offer …

Bloomberg Earlier this fall, Aston Martin Lagonda Global Holdings Plc announced it would make 19 new continuations of its classic DB4 Zagato GT from the 1960s. They’ll be built at Aston Martin Works in Newport Pagnell, England, the company’s in-house classic-car department, and will have the same all-aluminum bodywork of an original DB4 GT Zagato, digitally scanned from the original …

Bloomberg Baidu Inc.’s making a concerted effort to catch up in the driverless car race. The search giant showcased its “Apollo” self-driving technology in Beijing, unveiling a partnership with Hongqi — the “Red Flag” brand created to serve late Communist leader Mao Zedong — to develop a near-full autonomous vehicle in 2019. It’s also inked a deal to install the …

Bloomberg Did Bill Ackman, John Overdeck and David Siegel give a bunch of money to get kids building robots, only to see those kids displaced by machines when they grow up? At a benefit for FIRST, the science and technology nonprofit they’ve supported, the answer was a resounding no, and it came from an authoritative source, Jeff Bezos, the guy …

Bloomberg Regulators have proposed a softer oversight regime that dials back rules for US banks considered unlikely to pose a threat to the financial system — a step meant to limit the toughest demands only to largest lenders. Responding to legislation that called on federal agencies to ease compliance burdens for non-Wall Street banks, Federal Reserve governors voted on a …

Bloomberg Brazil kept its key rate at an all-time low amid a recent currency appreciation and signalled an interest rate hike may be less imminent than six weeks ago. The bank’s board, led by its President Ilan Goldfajn, held the benchmark Selic at 6.50 percent for the fifth straight meeting. All but two of the 43 economists in a Bloomberg …

Bloomberg Danske Bank A/S said it will be able to absorb “large” fines as Denmark’s biggest bank awaits the outcome of criminal investigations into its role in one of Europe’s worst ever money laundering scandals. The bank, which said it faces a “huge task” trying to restore trust with customers and investors, hasn’t yet set aside provisions for a potential …

Bloomberg It’s not just Italian lenders that should be worried about Europe’s toughest-ever bank test: German firms will also feel the pain. Deutsche Bank AG will be particularly hard hit because of the more severe stress scenario applied to German lenders, according to two people familiar with the matter, who asked not to be named because the results haven’t been …