DUBAI / Reuters Shares in petrochemical giant Saudi Basic Industries (SABIC) fell on Tuesday after the company reported first-quarter results, while most equities in the Gulf were sluggish as oil prices traded near five-week lows. Egypt followed emerging markets higher. SABIC posted a first-quarter net profit of 5.24 billion riyals ($1.40 billion), up 80 percent from the same period last …

  Bloomberg Global stocks headed for a fresh high as many markets reopened with investors focusing on stronger corporate earnings. The yen extended losses while Treasuries maintained declines. The MSCI All-Country World Index was poised for a record close, while European shares advanced. US stock futures edged lower. European government bonds fell across the board. Treasury yields climbed after Steven …

  It’s been almost three years since Narendra Modi took over as prime minister of India—but, in many ways, it feels longer. Modi’s domination of Indian politics, and of Indians’ imagination, is complete; no alternative seems possible, every challenger has been defeated. But bad economics has a habit of catching up with its practitioners eventually. And for all his political …