Bloomberg The energy fund at Zimmer Partners posted its worst quarter ever after sinking about 46% in March as oil markets plunged. The fund dropped 55% in the first quarter after losing money each month, according to an investor letter seen by Bloomberg. The fund, which ran $1 billion at the end of January, now has about $500 million in …

Bloomberg Bankers are increasingly reluctant to give commodity traders in Asia the credit they need to survive as the lenders grow ever more fearful about the risk of a catastrophic default. Their anxiety has reached new heights in recent days as fabled Singapore oil trader Hin Leong Trading (Pte.) Ltd. struggles to repay debts said to amount to almost $4 …

Bloomberg Middle Eastern stocks rose on Sunday following a rally in emerging-market assets at the end of last week as the US outlined steps to reopen its coronavirus-shuttered economy. Dubai’s DFM General Index climbed 2.6% as of 10:07 am local time, while gauges in Abu Dhabi and Kuwait advanced as much as 1.5%. MSCI Inc.’s index of developing-nation stocks strengthened …