DUBAI / Reuters National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, reported a 5.4 percent rise in fourth-quarter net profit, in line with analysts’ forecasts, according to Reuters calculations. The bank made a net profit of 80.0 million dinars ($266.3 million) in the three months to December 31, compared with 75.9 million dinars a year earlier, ...

Bloomberg HSBC Holdings Plc and the US Justice Department, announcing last week that the bank would pay $100 million for front-running client currency orders, left one thing unstated — the name of a big client the bank’s traders defrauded. That unidentified victim was London-based insurer Prudential Plc, according to court records and testimony in a related case and a person ...

MUSCAT / Reuters Global oil producers are in agreement that they should continue cooperating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia’s energy minister Khalid Al-Falih said on Sunday. It was the first time Saudi Arabia, the world’s top oil exporter, had publicly stated OPEC and non-OPEC producers would keep cooperating ...