London / AFP Asian and European stock markets rallied on Thursday and energy-linked currencies advanced after OPEC’s shock deal to trim oil output. The announcement on Wednesday lit a fire temporarily under oil prices, sending petroleum-linked shares surging on Wall Street and later across Asian and European stock markets. Despite crude later falling back on doubts about the cartel ...

  Dubai / Reuters Saudi Arabia’s stock market rebounded in afternoon trade on Thursday on the back of petrochemical stocks, which rallied in response to OPEC’s production deal to restrain output and prop up oil prices. The main Saudi index dropped as much as 1.0 percent in early trade, continuing a slide triggered by this week’s announcement of austerity measures ...

  Mumbai / AFP Indian stock markets slumped almost two percent on Thursday after the army said it had conducted “surgical strikes” along the de-facto border with archrival Pakistan in Kashmir. The Bombay Stock Exchange slid 534.70 points, or 1.84 percent, to 27,770.32 in afternoon trade after India said it had carried out the strikes to thwart attacks on some ...