China blocked formation of a global alliance by the world’s three biggest shipping lines, ignoring Western approval of the plan and sending A.P. Moeller-Maersk A/S shares tumbling the most in two years.
U.S. stocks rose a third day, the dollar gained and Treasuries fell the most in two weeks, after data showed U.S. inflation quickened as the Federal Reserve begins a policy meeting. Crude slid from an eight-month high.
Siemens AG and its partners improved their offer for Alstom SA, valuing the French company’s energy assets at 14.6 billion euros ($19.9 billion) and raising the stakes in the takeover battle with General Electric Co.
Exxon Mobil Corp. Chief Executive Officer Rex Tillerson talked up his company’s prospects in Russia, appearing in Moscow alongside OAO Rosneft CEO Igor Sechin, who’s been sanctioned by the U.S. government.