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Najib rallies Malaysia support base as oppn crumbles more

Bloomberg Malaysian Prime Minister Najib Razak called on his party to stay united ahead of a potential election within months, urging members to avoid complacency even as the opposition descends further into disarray. Surrounded by key lieutenants on stage at a 71st anniversary celebration of his United Malays National Organisation, the premier attacked detractors including former Prime Minister Mahathir Mohamad, ...

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Oil price lifts some Gulf stocks, mixed earnings hit Saudi index

DUBAI / Reuters Rising oil prices lifted energy company stocks in the Gulf on Thursday, but indices were mixed due to some negative earnings reports, especially in Saudi Arabia. The Riyadh index lost 0.7 percent. Savola Group, the kingdom’s largest food products company, reported a 96 percent drop in first-quarter net profit, sending its shares down 2.4 percent. The National ...

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Europe stocks drop as oil leads commodity rebound

Bloomberg European stocks retreated for the first time in three days as gains for mining shares and a boost to growth forecasts failed to dispel a broader mood of caution. Gold was poised to snap its six-day losing streak amid a wider commodity bounce. The Stoxx Europe 600 Index declined following a raft of corporate results. While companies including Telefonica, ...

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