Colombian Peso Leads Global Currency Declines as Crude Tumbles
Colombia’s peso led global declines as oil, the nation’s biggest export, tumbled on concern that a slowdown in China’s economic growth will reduce demand for the commodity.
Today in Science
Chinese Stocks Resume Rout on Economy, Capital Outflow Concerns
China’s stocks slumped to a two-week low as concern a slowing economy and weaker currency will spur capital outflows outweighed prospects for more state support.
Trying to Break the U.S. Energy System for Its Own Good
ARPA-E is trying to shake up the 100-year-old U.S. energy system
China’s Global Warming Pollution Estimates Cut in Harvard Study
China’s fossil-fuel emissions are lower than than previously estimated, according to research led by academics at Harvard University.
South Africa’s Renewable Benefits Seen at $310 Million
South Africa saved 4 billion rand ($310 million) in fuel and by avoiding blackouts in the first half of 2015 due to renewable-energy projects, according to a study by the Council for Scientific and Industrial Research.
Futures Signal S&P 500 Running Out of Steam After Two-Day Climb
U.S. stock-index futures declined on growing concern that a rout in emerging-market assets and commodities will hurt global growth prospects, while investors weighed the implications of tighter monetary policy.
Your Health
Home-Care Workers Win Right to Get Overtime Pay, Minimum Wage
Home-care workers won the right to overtime pay and the minimum wage after a U.S. court Friday upheld a Labor Department rule that was challenged by business groups.
Ackman Owned Sprout Stake Before Ally Valeant Bought Drugmaker
Investor Bill Ackman, who allied himself with Valeant Pharmaceuticals International Inc. in a drug-industry takeover battle last year, held a small stake in the company Valeant agreed to acquire this week, according to a person familiar with the matter.
Apple Watch Boosts Downloads at Swedish Fitness App Lifesum
Swedish health startup Lifesum is aiming to double its user numbers by early next year as its app gains popularity in the U.S., helped by integration with Apple Inc.’s watch.
Europe's Stoxx 600 Falls 13% From April High, Enters Correction
Three days of panic sent the benchmark gauge for European equities into a correction.
What a Chinese Population Boom Would Mean for the Stock Market
Chinese diaper makers, health-care providers and education companies would be among the biggest winners if President Xi Jinping shifts his economic policy priority to population growth.
Oil Markets
Bullard Says He’ll Look Through Oil’s Drop as Labor Market Heals
Federal Reserve Bank of St. Louis President James Bullard said he remains confident in the U.S. and world economic outlook even as oil prices dropped to the lowest level since 2009.
CLO Energy Holdings Rise as Slump Hurts Loans, Barclays Says
Managers of collateralized loan obligations are reluctant to sell their troubled energy loans at a loss, and they’re becoming increasingly exposed to the sector as oil slumps to a six-year low.
Brazil Stocks on the Verge of Bear Market as Real Leads Losses
The rout in developing nations put Brazilian stocks on the brink of a bear market as Latin America’s largest economy heads toward the worst recession in 25 years. The real led world losses.
Baytex Sinks to a 12-Year Low After Suspending Investor Payout
Baytex Energy Corp. plummeted to the lowest in nearly 12 years to a record low after the Canadian oil producer suspended its dividend and cut capital spending.
India to Sell 10% Stake of State Refiner Valued at $1.45 Billion
India plans to sell a 10 percent stake in Indian Oil Corp., the nation’s largest state-run refiner, as the government accelerates a federal asset-sale plan.
Congress Likely to Repeal Oil Export Ban in 2016, Evercore Says
Legislation to repeal a 40-year ban on most domestic oil exports will probably become law in the first quarter of next year, according to analysts at Evercore ISI.
Global Junk Yields Highest Since 2012 as Commodity Prices Slump
Borrowing costs for high-yield companies rose to the highest in almost three years as plunging commodity prices makes lending to energy companies more risky.
Africa Running Out of Options as China to Kazakhstan Devalue
Currency devaluations from Kazakhstan to China are heaping pressure on African central banks to relinquish control of their exchange rates as they run down reserves faster than any other region.
Treasuries Set for Best Week Since March as Stock Markets Tumble
U.S. Treasuries are poised for their biggest weekly gain in five months as demand for fixed income soared amid a global selloff in equities and concern that inflation will slow.
China Oil Trader Matches Record Mideast Haul as Crude Slides
The trading unit of China’s biggest energy company is on course for its largest-ever crude haul after matching its record for monthly Middle East oil purchases in Singapore as benchmark prices tumble to a six-year low.
How Much Longer Can Saudi Arabia's Economy Hold Out Against Cheap Oil?
Saudi Arabia got lucky when the oil price fell in 1998. What about now?
Ringgit Drops to 17-Year Low as Falling Brent Crude Dims Outlook
The ringgit weakened to a 17-year low and led declines in Asia as falling oil prices worsened Malaysia’s export outlook amid an emerging-market selloff.
Man Who Spoiled Pacific Rubiales Oil Deal Has a Growth Plan
The man who last month helped blow up a C$2.1 billion ($1.6 billion) bid for Pacific Rubiales Energy Corp. is now urging Latin America’s largest independent oil producer to expand amid the worst crude meltdown in decades.