Reuters Shares of Saudi Arabia’s top food producers, Savola and Almarai, fell on Wednesday after Savola said it was selling a small stake in the dairy maker, while Qatar’s bourse closed at a 52-month low as foreign funds continued to exit. The Riyadh index fell 0.3 percent with Savola declining 1.8 percent to 46.55 riyals, after initially surging to an ...

Bloomberg UBS Group AG sees bank profits under pressure as European regulations force lenders to charge for research, breaking apart a decades-old business model that’s prompted a race to provide the cheapest offering. “It will be challenging and it will be rocky” Andrea Orcel, head of UBS’s investment bank, said of the impact of the MiFID II directive in a ...

Bloomberg Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, has chosen Amsterdam as a base for its investment-banking business in the European Union after the UK leaves the bloc. The firm’s securities unit has decided to apply for a license to establish a subsidiary in the Dutch city, it said in a statement on Wednesday. MUFG also plans to set ...