The coronavirus outbreak is already threatening oil markets. The fear of lower demand — from a disease-stricken China and eventually globally as the economic impact widens — has destabilised prices, sending crude to its lowest levels in more than a year. For major oil-producing countries, the declines, coming at a time of curtailed output, threaten economic shocks that if long-lasting ...

Every time a region of the world goes from being poor to being rich one country tends to be responsible for getting the process started. In Europe that was the UK, which was the first to industrialise. In East Asia it was Japan. In West Africa it could be Ghana. Ghana has a number of big advantages over other countries ...

A wealth tax and a ban on hydraulic fracking, both of which have the support of Bernie Sanders and Elizabeth Warren, would address seemingly separate issues. Yet they stem from a common impulse, one that also undergirds the current trade war: to use the tax code to punish those seen as responsible for unfairness, even if doing so hurts the ...

There’s been a spate of stories about the troubles of high-frequency trading (HFT) firms. This is no temporary downswing. The factors that allowed successful firms to trade actively for a decade with seemingly no losing days are gone and there’s no reason to expect them back. Nevertheless, HFT will be as important a force in the market in the 2020s ...

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 ...