Reuters Major Gulf stock markets fell on Wednesday, partly because of retreating global equities and oil prices, though builder Drake & Scull surged in Dubai despite a heavy quarterly loss. The Saudi Arabian Capital Market Authority (CMA) issued a statement before the market opened saying that listed companies would be exempt from publishing fourth-quarter financial statements because they are transitioning …

Bloomberg Credit Suisse AG will pay $135 million to resolve currency-manipulation allegations by New York’s banking regulator, the latest echo from authorities’ long-running scrutiny of foreign-currency trading at big banks. Traders at the Zurich-based bank, prodded by executives in some cases, shared information about clients’ currency orders, talked to traders from other banks and in some instances front-ran customer orders …

Bloomberg Sberbank PJSC set a record for profit in the third quarter, strengthening the case for fatter dividends as Russia’s biggest bank weighs changes to shareholder payouts. Net income rose 62 percent from a year earlier to 222 billion rubles ($3.68 billion), compared with a 193 billion-ruble average estimate of eight analysts surveyed by Bloo-mberg. The previous record was set …