Bloomberg Yemen’s Iran-backed Houthi rebels have started to withdraw from the Red Sea port city of Hodiedah, a key lifeline for food and supplies, months after the UN brokered a pact to spare it from a prolonged conflict. The rebels said they were also withdrawing from ports of Salif and Ras Eisa, in line with a UN announcement about their …

Bloomberg Pessimism is back in vogue in the oil markets, as investors bet sputtering trade talks and swelling US output can kill crude’s rally. Hedge funds lifted bearish bets on West Texas Intermediate crude by 39%, the biggest short-selling surge in more than eight months. Meanwhile, bets on a rally retreated for the second straight week. Crude futures slipped to …

Bloomberg Prices are set to rise for another decade in the world’s least affordable property market, Hong Kong, according to UBS Group AG. Inflows of residents will be key as the Greater Bay Area project integrates a group of mainland Chinese cities with Hong Kong, property analyst John Lam wrote in a research report. The extra buyers will be “more …