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Bloomberg Everyone knows the rapidly shrinking energy sector has seen its influence on equity indexes wane. But oil-and-gas companies are also losing pull in a corner of the market they once dominated: value stocks. How far have they fallen? As recently as 2012, correlations between the S&P 500 Value Index and the benchmark’s energy companies were often close to 1, ...

Bloomberg Royal Dutch Shell Plc, the oil company that spent more than $50bn to buy natural-gas producer BG Group Plc, is looking to expand demand for fuel in transport to ensure its output is consumed. Shell is studying developing a global network of liquefied natural gas supply hubs for vehicles including ships, Steve Hill, executive vice president for gas and ...

Bloomberg Petroleos Mexicanos has hired the same legal representation used by Brazilian utility Eletrobras to audit its contracts with Odebrecht SA and affiliate Braskem SA amid an ongoing investigation into those two companies by the US Department of Justice. Hogan Lovells US LLP, which for the past two years has been leading an internal audit of state-owned Eletrobras related to ...

Bloomberg A proposal that Libya and Nigeria could have to accept limits on their crude production probably wouldn’t be enough to put OPEC’s faltering efforts to eliminate a global supply glut back on track. The two African nations — exempt from the supply curbs agreed last year due to internal strife — have added enough production in the last two ...

Bloomberg The transatlantic trade deal US President Donald Trump is offering UK Prime Minister Theresa May will ultimately prove easy to promise and hard to deliver. That’s the warning of business leaders and trade analysts after Trump told May last week that the post-Brexit accord she hankers after can be lined up “very, very quickly.” The challenge for the UK ...

Bloomberg Google will find out this week if it owes 1.12 billion euros ($1.3 billion) in back taxes to France, just days after it was slapped with a record antitrust fine by the European Union. Paris judges are set to rule as soon as Wednesday whether Alphabet Inc.’s Google illegally dodged French taxes by routing sales in the country out ...

Bloomberg Syngenta AG, the Swiss pesticide maker acquired by China National Chemical Corp. for $43 billion, is considering bourses in Europe and the US as possible locations for a re-listing of shares in about five years. “I would not be surprised if it was a combination of Europe and the US, as we were before,” Syngenta Chief Executive Officer Erik ...

Bloomberg Siemens AG scrambled to reverse a transaction with a Russian partner to try to save face after gas turbines from one of the biggest German investors in Russia’s economy turned up in the annexed region of Crimea, flouting European Union sanctions. At least two of four turbines manufactured by Siemens for Technopromexport JSC for an electricity project in Taman, ...

Bloomberg More than a dozen automakers are jostling to lead the US electric-car race, but Bloomberg New Energy Finance sees a clear winner separating from the pack: Tesla Inc. The automaker led by Chief Executive Officer Elon Musk will emerge as “the stand-out” in total cumulative deliveries through 2021, reaching almost 709,000 vehicles, according to BNEF’s Long-Term Electric Vehicle Outlook. ...

This is not your father’s inflation — and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted. The Phillips Curve ...