Bloomberg Oil investors are back in the ring. Hedge funds are finding betting on West Texas Intermediate crude more attractive again, with total positioning on the US benchmark increasing to the highest in almost a year. The surge comes as oil prices have held steady above $50 a barrel—a key psychological level—for about two weeks. “In general, people are more ...

Bloomberg New Zealand reminded currency traders this week of the power of politics to roil financial markets. The challenge is to figure out which world capital — from Tokyo to Washington — will deliver the next jolt. The kiwi tumbled as much as 2 percent and extended those losses as the opposition Labour Party won enough support in parliament to ...

DUBAI / Emirates Business Mashreq Bank, one of the UAE’s leading financial institutions, hosted the first VAT awareness seminar for its SME clients in collaboration with Morison MJS Tax Consultancy. With The UAE set to introduce VAT starting January 1, 2018, Mashreq launched a VAT awareness campaign on educating SME customers on how VAT will affect their businesses. This campaign ...