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Bloomberg Brazil’s two largest fuel distributors declared force majeure on purchases of ethanol as the coronavirus pandemic hammers demand in Latin America’s largest economy. The Raizen venture owned by Royal Dutch Shell Plc and Cosan SA sent a letter to suppliers invoking the clause for both anhydrous ethanol that’s blended ...

Bloomberg Pioneer Natural Resources Co and Parsley Energy Inc are asking Texas oil regulators for an emergency meeting to consider curbs on state output as a collapsing oil market envelops the nation’s biggest crude-producing state. Jointly signed by the chief executives of both companies, the letter seeks a virtual meeting ...

Bloomberg What was meant to be a year that blew the wind energy industry well past its previous record for installations will more likely pass with gains that are merely solid. Developers are set to boost capacity by 9% this year to 66,422 megawatts, according BloombergNEF. That’s scaled back from ...

Bloomberg China is burning more coal in yet another sign that the first country hit by a coronavirus outbreak is returning to a level of normalcy. Daily coal burn at select coastal plants has doubled from early February, at the height of the country’s lockdown to stop the spread of ...

Bloomberg Chinese state-backed investment fund CNIC Corp is considering purchasing about a 10% stake in Greenko Group, one of India’s largest renewable energy companies, according to people familiar with the matter. Greenko, whose backers include Singapore sovereign fund GIC Pte has been seeking to raise around $800 million by introducing ...

Bloomberg UK consumers scaled back their unsecured borrowing in February as the country battled flooding and the start of the coronavirus update. Loans to households rose just 877 million pounds ($1.09 billion) from January, when they rose 1.1 billion pounds, the Bank of England said in a report. At the ...

Bloomberg Economic sentiment in the euro area plunged the most on record after the furious spread of the coronavirus forced businesses in vast parts of the region shut and prospects dwindled that life will return to normal any time soon. The European Commission reading — following similarly downbeat reports out ...

Bloomberg Before the coronavirus pandemic besieged Europe, Kike Sarasola worried about whether he was building enough hotels to capitalise on the region’s long-running tourism boom. Such concerns have disappeared, along with the tourists. The only guests at three of his six boutique hotels in Madrid are doctors and nurses fighting ...

Bloomberg Bulgaria’s plan to join the euro area hit a road block, with the central bank saying the coronavirus crisis had rendered targets to integrate deeper this year “unrealistic.” It’s the latest setback in efforts of the bloc’s poorest member to join both the ERM-2, known as the waiting room ...

Bloomberg US equity futures and European stocks headed for a fifth increase in six sessions, spurring debate over whether the meltdown has ended given the continued spread of the coronavirus. Treasuries edged higher. Contracts on the three main American stock indexes turned from losses to gains overnight as political leaders ...