Bloomberg Tencent Holdings Ltd. posted fourth-quarter profit that missed analysts’ estimates amid a surge in costs and rising competition in the mobile gaming market. Net income rose 47 percent to 10.5 billion yuan ($1.5 billion) in the three months ended December, the Shenzhen-based company said on Wednesday. That compares with the 11 billion-yuan average of analyst estimates compiled by …

DUBAI / Reuters Major stock markets in the Middle East fell on Wednesday, following international bourses lower as crude oil prices traded down near $50 a barrel, but Kuwait jumped in heavy trading by local retail investors. The Saudi Arabian index lost 1.2 percent in low turnover, with all but one of the 14 petrochemicals makers falling by at least …

  Bloomberg US stocks fluctuated after suffering the first 1 percent decline since October, while havens from Treasuries to the yen remained in demand as investors assessed the prospects for pro-growth policies in America. The S&P 500 Index struggled for direction in afternoon trading, with gains in technology shares offset by renewed selling in banks that bore the brunt of …