Bloomberg Now is the right time for OPEC to reach an agreement on oil output, and crude prices may fall if its members fail to take a decision when they meet next week in Algiers, Iraq’s governor to the producer group said. Conditions in the oil market are better than in April when members of the Organization of Petroleum …

  AFP Stocks got a boost on Wednesday after Japan’s central bank overhauled its stimulus programme as markets awaited the outcome of the Fed’s policy meeting. Wall Street opened higher, with the Dow adding 0.5 percent. Meanwhile in Europe, London’s benchmark FTSE 100 index edged up 0.1 percent as the OECD slashed its growth forecast for Britain owing to the …

  Reuters Bourses in the Gulf were mixed on Wednesday with Saudi Arabia’s bourse supported by the petrochemical sector while Egypt lost steam as local and regional funds exited positions. Saudi Arabia’s index rose 0.4 percent in moderate trade as Brent prices firmed over $46 a barrel. Saudi Basic Industries, the petrochemical heavyweight, climbed 0.9 percent. The insurance sub-index, usually …