Bloomberg Hedge funds are piling into the same shares that zapped their returns at the start of the year. They just added momentum stocks for a fifth consecutive quarter, according to an Evercore ISI analysis of 13F filings with the Securities and Exchange Commission. Those shares, loosely defined as the ones that went up the fastest in the past …

  Bloomberg After overtaking the U.S. as the world’s largest wheat exporter, Russia is becoming a bigger part of the corn market with expectations for a record crop. Russian farmers will boost production to 13.7 million metric tons in the season starting in October, an all-time high, according to Moscow-based consultant SovEcon. While the nation’s corn shipments are still a …

  RITIKA SHARMA / Emirates Business When a recent international report rated Abu Dhabi as 73rd best business tourism destination, a rank up by 35 places from last year, the UAE hospitality industry was the first one to rejoice. Not only does this rank affirm UAE’s position as a top business tourism hub, it also reflects the strong revenues that …