Bloomberg Asian buyers are snapping up oil at higher prices than last month, helping to bolster physical crude markets across the world and underpin a rally in futures. Driven by a slew of purchases from Indian and Chinese refiners, crude values everywhere from Russia to the Middle East and Latin America have surged so far. Spot trading activity has been …

CAIRO / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Abdel Fattah el-Sisi, President of Egypt, on Wednesday discussed the prospects of further consolidating the strong cooperation ties between the UAE and Egypt. This came as President el-Sisi received His Highness Sheikh Mohamed bin …

Bloomberg China injected cash into the financial system by offering medium-term loans, in the government’s latest effort to ensure the country’s banks have sufficient liquidity. The People’s Bank of China (PBOC) added 950 billion yuan ($145 billion) of one-year cash via the medium-term lending facility, more than offsetting the 600 billion yuan that matures in December. That’s the fifth straight …