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Iraq holds parade to celebrate victories over IS

  Baghdad / AFP Iraqi security forces paraded through Baghdad on Thursday to celebrate victories over the IS extremist group, but an unannounced rehearsal two days earlier put a damper on the festivities. PM Haider al-Abadi reviewed the forces from a pavilion as they passed through central Tahrir Square, and military jets and helicopters overflew the city. The parade was ...

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Stocks rise as talk of helicopter money sinks yen; pound jumps

  Bloomberg Global stocks climbed as commodities gained and better-than-estimated earnings pointed to resilience in the economy. The yen slumped on speculation Prime Minister Shinzo Abe is contemplating so-called helicopter money to revive Japan. Financial shares led the S&P 500 Index higher, as the equity benchmark extended its record for a fourth day. Emerging-market equities advanced for a sixth day. ...

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Oil traders scrape bottom of the barrel to seek out new fortune

  Bloomberg The world’s largest oil traders are scraping the bottom of the barrel in search of their next big opportunity. Vitol Group and Trafigura Group Pte’s Puma Energy are adding ships and storage to trade bitumen, a thick, syrupy petroleum product used to make asphalt for roads and tar for roofs. Transport of the material, traditionally by truck, train ...

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