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Business Headlines

Curated news from Bloomberg Business

Business Headlines

published Aug 5, 2018, 2:00:13 AM, by Julian Lee (Bloomberg Opinion) — The key OPEC oil producers seem to be finding it harder than expected to sell their output overseas. The probable resulting build-up in their stockpiles should at least help them offset the drop in Iranian supplies as U.S.

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Business Headlines

published Aug 5, 2018, 7:40:03 AM, by Margaret Talev (Bloomberg) — President Donald Trump defended his use of tariffs that have inflamed tensions with China and Europe, telling an audience of diehard supporters on Saturday that playing hardball on trade is “my thing.” “We have really rebuilt China, and it’s

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Business Headlines

published Aug 5, 2018, 6:24:17 PM, by Albert R. Hunt (Bloomberg Opinion) — The longest recorded drought in Texas lasted from 1950 to 1957. That doesn’t count the Democrats’ dry spell over the past quarter century. They haven’t won a U.S. Senate or governor’s race since 1990. They’ve lost every

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Business Headlines

published Aug 5, 2018, 4:00:01 PM, by Gwen Ackerman (Bloomberg) — It’s taken a backlash by Israel’s staunchest Arab supporters to spark one of the biggest outpourings of discontent with the Netanyahu government in years. In a country where distrust between Arab and Jew runs deep, Israel’s Druze community, which

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Business Headlines

published Aug 2, 2018, 6:01:00 PM, by Suzi Ring (Bloomberg) — A U.K. business lobby called on Prime Minister Theresa May’s government to urgently publish its guidance for a no-deal Brexit scenario, as a survey of executives found less than a third have done any contingency planning. The Institute of

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Business Headlines

published Aug 2, 2018, 9:31:47 PM, by Bloomberg News (Bloomberg) — China just lost its ranking as the world’s number two stock market to Japan. After a Thursday slump, Chinese equities were worth $6.09 trillion, according to data compiled by Bloomberg. That compares with $6.17 trillion in Japan. The U.S.

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Business HeadlinesYour Money

published Aug 1, 2018, 4:42:02 PM, by Charles Stein, Annie Massa and Felice Maranz (Bloomberg) — Fidelity Investments, having lost billions of dollars in assets to rivals, pulled out some new ammunition to use against them — dropping fees to zero. The move is part of an ongoing reckoning at

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Business Headlines

published Aug 1, 2018, 6:01:00 PM, by Mathew Carr (Bloomberg) — U.S. exports of coal used by power stations are set to hit a record this year on increased global demand for the nation’s high-energy-content fuel. Steam-coal shipments will probably jump 58 percent to 58 million metric tons this year,

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Business Headlines

published Aug 1, 2018, 9:29:46 PM, by Andrew Mayeda (Bloomberg) — The Trump administration said it’s weighing whether to increase the proposed tariff on $200 billion of Chinese goods to 25 percent from 10 percent, stepping up pressure on Beijing to change its trade practices. President Donald Trump has asked

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Business Headlines

published Jul 31, 2018 4:00:00 PM, by Bloomberg News (Bloomberg) — Chinese investors flocked into money-market products at a rate outpacing equities and bonds last quarter, adding to what is already the biggest segment of the nation’s mutual fund industry. Mutual funds investing in low-risk, short-term debt instruments grew 5.4

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