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Bloomberg Global stocks advanced as Congress moved towards agreement on a spending package that would boost the economy. Treasuries were flat ahead of the Federal Reserve’s policy decision. Gains across markets were modest but broad-based, with the Stoxx 600 Index notching a third day of gains. The pound strengthened as Brexit negotiators worked to strike a trade agreement before the ...

Bloomberg MSCI Inc. became the third index provider to delete some Chinese stocks from its benchmarks, after the Trump administration banned US investments in companies with links to the Chinese military. The firms include China Railway Construction Corp, China Spacesat, China Communications Construction, CRRC Corp., Hangzhou Hikvision Digital Technology Co., Dawning Information Industry Co. and Semiconductor Manufacturing International Corp, according ...

Bloomberg India stocks advanced, with benchmarks headed for fresh peaks, on another sign that the economy is recovering. The S&P BSE Sensex climbed 0.7% to 46,577.84 as of 9:36 am in Mumbai, while the NSE Nifty 50 Index rises by the same magnitude. Both measures are headed for a fourth day of gains. Asian equities gained as US lawmakers moved ...

Bloomberg The president of Opec reiterated that the oil producers’ cartel shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across parts of the world. Algeria’s Energy Minister Abdelmajid Attar, who holds Opec’s rotating presidency, said there was no guarantee the group and its allies would raise crude production by ...

Bloomberg Airbus SE Chief Executive Officer Guillaume Faury said a UK split from the European Union without a trade deal could threaten the planemaker’s investment plans in the country. Decisions would be made based on how easy it is to conduct business after Brexit, he said at the Conference of Montreal. In the meantime, the company has no plans to ...

Bloomberg Qantas Airways Ltd’s low-cost carrier Jetstar said it will operate a record number of flights in Australia early next year as demand rebounds to higher than pre-pandemic levels. With fewer than 50 active Covid-19 cases, Australia is experiencing a domestic holiday boom as internal travel restrictions ease. The scale of the recovery suggests air passenger traffic, which has been ...

Bloomberg Air India Ltd has received early bids from the Tata Group and a cohort of its own employees as the government tries to rescue its loss-making flag carrier. Tata Sons Ltd, the holding company of the conglomerate that controls Jaguar Land Rover and part-owns Air Asia Co’s Indian unit, has submitted an expression of interest, according to people with ...

Bloomberg Hennes & Mauritz (H&M) and Zara owner Inditex both reported that an improvement in sales stalled in the autumn as a new round of Covid-19 lockdowns led consumers to curb spending on clothes. From late October through November, H&M’s sales fell 22% from a year earlier, the Swedish retailer said on Tuesday. Spanish rival Inditex reported a revenue decline ...

Bloomberg JPMorgan Chase & Co won a deal to issue cards in the US for Air Canada, the bank’s first new co-brand card partner in more than a decade. The companies plan to introduce the airline’s Aeroplan credit card in late 2021, using the Mastercard Inc network. The expectation is that air travel will have begun to recover by then ...

Bloomberg London’s Heathrow airport is waiting for a ruling from the UK Supreme Court on Wednesday that could give it permission to build a third runway that it may no longer need. An appeals court ruled in February that the government failed to take full account of the Paris Climate Agreement when approving the airport’s expansion. Heathrow was allowed to ...