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Mohamed greets President, VP, Rulers on Ramadan

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, offered heartfelt greetings and best wishes to President HH Sheikh Khalifa bin Zayed Al Nahyan on the advent of the Holy Month of Ramadan. Sheikh Mohamed also offered greetings to Vice President, Prime Minister ...

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US stocks advance as consumer shares get boost from Macy’s results

Bloomberg US stocks advanced as consumer shares got a boost from Macy’s Inc.’s results and Treasuries rebounded from Tuesday’s selloff. The euro fell amid political uncertainty in Italy. The S&P 500 Index pushed above its average price for the past 100 days, with Macy’s results providing more insight into the strength of the American consumer. The 10-year note yield slipped ...

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Oil trades near $71 as rising supply counters Middle East risk

Bloomberg Oil traded near $71 a barrel as rising stockpiles and signs of slower demand growth countered concerns Iranian supplies will soon be curbed by sanctions. Futures dropped as much as 0.7 percent in New York. The International Energy Agency trimmed estimates for demand growth, and boosted those for supply, as prices have jumped to three-year highs. US industry data ...

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